Uzbekneftegaz, Exxon­Mo­bil to Step up the Re­al­iza­tion of Joint Pro­ject

On Septem­ber 25, Uzbekneftegaz JSC hosted a meet­ing with Exxon­Mo­bil of­fi­cials.

Uzbekistan Today (English) - - ACTUAL -

For the du­ra­tion of joint ac­tiv­i­ties, the Amer­i­can multi­na­tional has proved to be a re­li­able part­ner of Uzbekneftegaz. In this re­gard, rep­re­sen­ta­tives of the Texas head­quar­tered com­pany were thanked at the meet­ing for their par­tic­i­pa­tion as a li­cen­sor of pro­cess­ing equip­ment in the pro­ject “Or­ga­ni­za­tion of the pro­duc­tion of base oils of Groups II and III at the Ferghana Oil Re­fin­ery LLC”.

Exxon­Mo­bil is a worl­drenowned mul­ti­func­tional cor­po­ra­tion that spe­cial­izes in the de­vel­op­ment and sup­ply of tech­nolo­gies for oil re­fin­ing, gas pro­cess­ing, petro­chem­i­cal pro­duc­tion and large man­u­fac­tur­ing in­dus­tries.

The com­pany’s co­op­er­a­tion with Uzbekneftegaz re­ceived a new im­pe­tus thanks to the official visit by the Pres­i­dent of Uzbek­istan Shavkat Mirziy­oyev to the United States in May 2018, when the sides inked a co­op­er­a­tion agree­ment.

The pro­ject on the pro­duc­tion of base oils is im­ple­mented in ac­cor­dance with a roadmap en­vis­ag­ing the en­hance­ment of in­ter­state co­op­er­a­tion be­tween Uzbek­istan and the United States.

The cost of the scheme is es­ti­mated at 150 mil­lion US dol­lars, while its re­al­iza­tion is sched­uled for 2018-2021.

Exxon­Mo­bil ex­perts noted that the pro­ject is thus far unique to the re­gion. The hy­dro­car­bon in­dus­try in Uzbek­istan can be con­fi­dent that Exxon­Mo­bil is will­ing to share ex­pe­ri­ence and tech­nol­ogy for the suc­cess­ful im­ple­men­ta­tion of this promis­ing ven­ture, said Vice Pres­i­dent Sean Smith, gen­eral man­ager for oil re­fin­ing and gas pu­rifi­ca­tion tech­nolo­gies, cat­a­lysts and li­cens­ing.

Of­fi­cials of one of the world’s ma­jor cor­po­ra­tions re­ceived ex­ten­sive in­for­ma­tion dur­ing the talks on the lat­est re­forms in Uzbek­istan’s busi­ness cli­mate, in­clud­ing those pro­ceed­ing from the pres­i­den­tial res­o­lu­tion pro­vid­ing for a new pro­ce­dure for ap­prov­ing pre­pro­ject, de­sign and ten­der doc­u­men­ta­tion, as well as im­port con­tracts.

The par­ties to the ne­go­ti­a­tions dis­cussed fur­ther ac­tion and mea­sures to step up the re­al­iza­tion of the pro­ject, in par­tic­u­lar, sign­ing of li­cense and en­gi­neer­ing agree­ments, the pos­si­bil­ity of op­ti­miz­ing prices given the lat­est con­fig­u­ra­tion of the pro­duc­tion process, along with the prospects for ob­tain­ing ad­di­tional base oils from the resid­ual frac­tion.

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