Uzbekneftegaz, Chinese firms plan to launch new ventures

Anvar Umarov · 12:52, 11.09.2009 · Updated 03:46 · 1100 views

Uzbekneftegaz headquarters in Tashkent

Tashkent, Uzbekistan (UzDaily.uz) -- Uzbekneftegaz national holding company (Uzbekistan) held negotiations with Chinese companies in Beijing, China, the Uzbek company said in a statement. The sides signed several documents on the results of the talks, it added.

The company said Uzbekneftegaz inked a memorandum of understanding with CNPC. The document is directed at deepening cooperation on existing projects and creation of new joint ventures.

The sides are planning to create joint venture on overhaul, assembly and production of oil and gas equipment and organization of capacities on production of drip irrigation systems.

Uzbekneftegaz also signed memorandum of understanding with San Wei Sin Yo [transliterated], which stipulates production of vehicle tyres.

Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.