Sasol and partners sign the investment agreement for a GTL

Sasol and partners sign the investment agreement for a GTL

Tashkent : Uzbekistan | Sep 21, 2011 at 5:29 AM PDT
Views: Pending

Sasol and partners sign the investment agreement for the development and implementation of a GTL project with the Government of Uzbekistan

Today South African energy and chemicals group, Sasol, together with partners Uzbekneftegaz and PETRONAS, signed an investment agreement with the Minister of Foreign Economic Relations, Investment and Trade for the Uzbekistan government, for the development and implementation of a Gas-to-liquids (GTL) project in Uzbekistan.

Under the investment agreement, the investors and the GTL project will enjoy investment protection and fiscal benefits, to ensure the successful implementation and operation of the GTL facility.

Sasol CEO, David Constable, met with the President of Uzbekistan, His Excellency, Islam Karimov, prior to the signing ceremony and thanked the President and his government for their ongoing support of the project.

Commenting at the signing ceremony in Tashkent, Constable said the ability to harness the benefits of natural gas to make cleaner transport fuels is a key element of a lower emissions energy future.

ReporterPXT is based in Islamabad, Federal Capital Area, Pakistan, and is a Stringer on Allvoices.
Report Credibility
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear

News Stories

  • China, Uzbekistan eye deeper energy cooperation

      China News
    China and Uzbekistan on Thursday pledged to further their cooperation in areas like energy and minerals as China's top legislator Wu Bangguo pays an official goodwill visit to the Central Asian country. "The two countries should deepen cooperation in...

More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.