Uzbek state energy co inks plant JV with Petronas, S African co

Posted on: Mon, 09 Nov 2009 03:11:00 EST


Symbols: SSL
TASHKENT, Nov 9, 2009 (Asia In Focus via COMTEX) --
SSL | Quote | Chart | News | PowerRating -- Uzbekistan's state energy
company has signed a US$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 on 6 November. 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.

For full details on Sasol Limited ADR (SSL) SSL. Sasol Limited ADR (SSL) has Short Term PowerRatings at TradingMarkets. Details on Sasol Limited ADR (SSL) Short Term PowerRatings is available at This Link.

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