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Sasol, Petronas and Uzbekneftegaz Sign GTL JV Agreement

4:30 AM MDT | July 17, 2009 | Natasha Alperowicz

Uzbekneftegaz (Tashkent, Uzbekistan), Sasol and Petronas have signed a joint venture agreetment to develop a $2.5 billion gas-to-liquids (GTL) project in Uzbekistan. The move follows the signing earlier this year of a heads of agreement and memorandum of understanding. The partners will have equal stakes in the jv. The GTL facility will use Sasol's slurry phase distillate process to produce 1.3 million m.t./year of high quality products including GTL diesel, GTL kerosene, GTL naphtha, and liquefied petroleum gas. The complex is expected to be built near the...

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