Uzbekistan launches major energy modernization projects with U.S. support

[ad_1] TASHKENT, Uzbekistan, October 13. Uzbekistan and the US have reached agreements to implement vitality tasks price $3–4 billion, Minister of Power Jurabek Mirzamakhmudov informed native media, Development experiences.

In keeping with the minister, the American firm Air Merchandise is able to make new investments and diversify its operations within the nation. The Ministry of Power has executed vital contracts to transition from gas-powered models to electrical propulsion methods inside the fuel transportation infrastructure, together with at present compressor and booster services. The U.S. Export-Import Financial institution has indicated a strategic inclination in direction of capitalizing on these initiatives.

Within the drilling sector, agreements had been signed with Schlumberger and Baker Hughes to introduce superior applied sciences, experience, and administration practices. Moreover, Uzbekneftegaz and the Gulf Firm signed a $100 million memorandum to determine a nationwide community of gas stations. The minister indicated that the retrofitting of models at compressor stations inside a biennial to triennial framework is projected to incur prices of at least $800 million, whereas the U.S. Exim Financial institution is poised to activate a credit score facility amounting to $852 million to facilitate these initiatives.

Mirzamakhmudov emphasised that, bearing in mind all new agreements—together with Air Merchandise tasks for coal gasification, synthesis fuel manufacturing, and manufacturing ammonia, methanol, and different value-added merchandise—the whole funding quantity may attain $3–4 billion. Earlier, President Shavkat Mirziyoyev held talks with Air Merchandise CEO Eduardo Menezes, after which either side agreed to speed up the implementation of the Bukhara gas-chemical advanced, coal gasification tasks, and the manufacturing of eco-friendly aviation gas.

Air Merchandise is among the world’s main producers and suppliers of business gases. With a market capitalization exceeding $63 billion, the corporate operates practically 750 manufacturing services in over 50 international locations and produces roughly 200 million tons of business gases yearly