Petronas to expand petrochemicals presence in Uzbekistan

Malaysia's state oil company Petronas is to partner with the government of Uzbekistan to expand its presence in the country through three key agreements. The agreements, which include an exploration deal and a preliminary agreement for a production sharing deal, were entered into by its wholly-owned unit Petronas Carigali Overseas Sdn Bhd. A memorandum of cooperation (MoC) for petrochemical projects has been signed with the Uzbek national oil company Uzbekneftegaz National Holding Company (UNG). With the signing of the MoC, the two partners Petronas and UNG are allowed to undertake joint studies and paves the way to cooperate in the development of downstream petrochemical projects in Uzbekistan.
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