Uzbekneftegaz starts drilling at oil shale field
25/03/2013 11:19
Uzbekneftegaz starts drilling at oil shale field
25/03/2013 11:19
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekneftegaz national holding company stared to develop oil shale field Sangrantau in Navoi region of Uzbekistan.
Uzbekistan started to drill oil shale field Sangrantau in northern Navoi, Russian Oil portal reported quoting the source in the Uzbek government.
The project envisages mining of 8 million tonnes of shale oil and production of 1 million tonnes of oil products, the report said.
The project with the cost of US$600 million will be financed due to own resources of Uzbekneftegaz, loan of the Fund for Reconstruction and Development of Uzbekistan, as well as foreign loans.
In October 2012, Institute of Atomenergoproyekt completed development of pre-project on construction of oil processing plant at Sangruntau field. The project envisages construction of facilities on processing 8 million tonnes of oil shale a year.
The perspective reserves of oil shales in Uzbekistan have been estimated at the volume of 47 billion tonnes.
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