InfoAnda - Uzbek state energy firm seals $2.5B plant deal

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Uzbek state energy firm seals $2.5B plant deal AP - Saturday, November 7 Send IM Story Print ALMATY, Kazakhstan – Uzbekistan's state energy company has signed a $2.5 billion deal to create a joint venture with Malaysia's Petronas and South Africa's Sasol to build a synthetic liquid fuel production plant, the state company announced Friday. Uzbekneftegaz said the three companies will take equal stakes in the venture, which will be based in the Central Asian nation. In an industrial process developed by Sasol, the facility will convert natural gas into liquid fuel. Uzbekistan has large gas reserves, but sells most of it within the country at low prices. Diversifying its output of energy commodities will help it boost revenue from exports. The plant is expected to produce around 1.3 million tons of clean-burning diesel fuel annually once completed. The agreement comes amid a drive by Uzbekneftegaz to attract foreign investors to help boost technical expertise and develop new energy technologies. Recommend Send IM Story Print Related Articles German orders up 0.9 percent in September AP - 1 hour 17 minutes ago Economist predicts slow recovery in Hawaii AP - 1 hour 27 minutes ago AP Sources: GM Europe CEO Forster to leave post AP - 1 hour 29 minutes ago Virginia Supreme Court upholds power line plan AP - 1 hour 31 minutes ago Dollar falls 1 pct versus yen after weak jobs data Reuters - 1 hour 38 minutes ago News Search Top Stories US may still put emissions proposals at Copenhagen Newborns cry, coo in their own language: study Climate talks enter final day amid row British Airways to cut extra 1,200 jobs amid losses RBS reports sharp loss, expects slow recovery More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Mont Blanc shrinks by foot-and-a-half Wall St swine flu vaccinations spark uproar New pathway for DNA damage from nano-particles: study Climate talks enter final day amid row Rage against GM over 10,000 planned job cuts at Opel More Most Viewed » Somali centenarian weds 17-year-old Mobile phone giant Nokia sues Apple over patents More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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