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10 April 2009 / 11:25

As has been reported by the Information Agency “Jahon”, on April 7 this year president of the Malaysian Petronas Corporation Muhammad Hassan Marican and the president and chief executive officer of the South African Sasol Company Pat Davies visited Uzbekistan for talks.

The same day the top-level businessmen have been received by President Islam Karimov. Prior to the talks with the Uzbek Leadership in Tashkent they have held negotiations at several ministries and agencies of Uzbekistan.

The Agreement on the main principles on implementation of project, otherwise known Heads of agreement (HOA), on producing synthetic liquid fuel in the Republic of Uzbekistan and Memorandum of Understanding on cooperation have been signed between the Uzbekneftegaz National Holding Company, Petronas Corporation and Sasol Company, the Narodnoye slovo newspaper wrote.

At the signing ceremony in Tashkent
“Our corporation highly assesses cooperation with Uzbekistan,” Muhammad Hassan Marican has said. “The favorable investment climate created in Uzbekistan gives a broad opportunity for elaboration and implementation a number of new prospective projects. We are interested in further extending cooperation with Uzbekneftegaz Company in this direction.”

Petronas is a transnational corporation with its presence at more than 30 countries around the world. Its operations encompass such areas as exploration and logging of the oil and gas deposits, processing and trading with oil products and LPG (liquefied petroleum gas) – the practices combined in a petrochemical dictionary as upstream and downstream works.

Mr Hassan Marican of Petronas speaking to journalists
in Tashkent with Mr Pat Davies of Sasol standing by

Uzbekistan and Petronas Corporation cooperate not only in the sphere of upstream and downstream works in implementing the oil and gas projects but also closely interact in cadres training for the oil and gas sector.

Headquartered in the city of Johannesburg, the capital city of the South African Republic, the Sasol Company was established in 1950. It operates both subsidiary and affiliate offices at more than 30 countries of the world and employs over 34,000 people. The company is listed on both the Johannesburg Stock Exchange (JSE) and New York Stock Exchange (NYSE).

Sasol Company is notable for its technologies on producing a synthetic fuel, also known as a synfuel from natural gas and coal in line with the so-called Fischer-Tropsch synthesis – the chemical reaction process conducted first by German scientists Franz Fischer and Hans Tropsch in early 20s of the last century. The production of the synfuel from coal is mostly known among professionals as a CTL technology – “coal-to-liquids”.

Ikboljon Soliev and Lola Bekmuratova for the Information Agency “Jahon” in English. Photos by B.Mamajanov/IA  “Jahon”