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A meeting was held in Astana between the Chairman of the Board of Uzbekneftegaz JSC Baxodirjon Sidiqov and the Chairman of the Board of KazMunayGas JSC Askhat Khassenov.
During the negotiations, issues of further developing cooperation between the two countries in the oil and gas sector and strengthening the strategic partnership were discussed in detail.
The meeting paid special attention to the prospects for implementing the linear alkylbenzene (LAB) production project based on the Uzbekistan GTL plant.
At the same time, the possibilities of participating in joint projects in the gas and chemical sector in Kazakhstan were considered. The parties emphasized the need to engage international partners for in-depth analysis and effective implementation in this area.
One of the important areas of the negotiations was the issue of processing hydrocarbon raw materials on a tolling basis at the facilities of Uzbekneftegaz JSC. It was noted that this initiative will contribute to the creation of high added value, the expansion of local production, and the development of cooperation in related sectors.
The issues of joint geological exploration were also discussed. The two companies expressed their intention to expand cooperation in this area and determined the next steps in the development of joint projects.
At the end of the meeting, it was noted that the agreements reached will mark a new stage of trusting relations and mutually beneficial cooperation between Uzbekneftegaz and KazMunayGas which will serve to strengthen the strategic partnership in the energy sector between Uzbekistan and Kazakhstan.
Source:Uzbekneftegaz
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
