NEWS AND EVENTS
September 11, 2009
Uzbekistan, China to found oil-and-gas equipment producing JV
Several meetings have been held in Beijing between the representatives of Uzbekneftegaz (Uzbek oil and gas) national holding company and Chinese firms which ended with signing of a package of bilateral documents.
In particular, a Memorandum of mutual understanding between Uzbekneftegaz and CNPC was inked. The document is aimed to deepen cooperation on current projects and creation of joint ventures. It is planned to found a joint venture on capital repair, assembling and production of oil-and-gas equipment, organization of manufacture of trickle irrigation systems.
Also the sides signed a Memorandum of mutual understanding on creation of a joint venture between Uzbekneftegaz and San Vey Sin E LLC on the organization of car tyres production.