UZBEKISTAN: Samsung Engineering wins Uzbekistan deal

Samsung Engineering said Tuesday it was aiming to make a deal to build a petrochemical plant in Uzbekistan based on a conceptual study it will conduct for the country's state project.

"We have agreed with Uzbek Neftegaz, Uzbekistan's state-owned oil company, to conduct a conceptual study for a benzene-toluene-xylene plant. It is a kind of rough sketch of the facility, not yet a deal to build," said a company official.

Samsung Engineering will make every effort to earn the contract to build the BTX plant on an engineering, procurement and construction (EPC) base grounded on its partnership with Uzbekistan, he said. But the official didn't say anything about the value of the rough planning for the BTX plant.

Samsung Engineering, an affiliate of Samsung Group, plans to expand into member countries of the Commonwealth of Independent States, such as Uzbekistan, Kazakhstan and Azerbaijan, based on the possible EPC project in Uzbekistan, the official said.

"As we successfully built a polymer plant for Uzbek Neftegaz in a USD700 million EPC deal in July, the state company placed an order for the conceptual study for the BTX plant," he said.

Source: Daily “The Korea Times”, Seoul; 10 Nov 2015
(Syed Rashid Ali, Karachi, Pakistan)