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Uzbekistan To Increase Purchases Of Gas Condensate From Turkmenistan

Tuesday, July 4, 2017 - 15:18

Uzbekistan will increase the volume of gas condensate supplies from Turkmenistan to the Bukhara oil refinery. The NHC “Uzbekneftegaz” reported the news, referring to the agreement reached during the visit of Uzbek president Shavkat Mirziyoyev to Turkmenistan in May 2017. Then the representatives of the two countries signed the PSA (Production Sharing Agreement) envisaging the participation of “Uzbekneftegaz “in development of the Turkmen sector of the Caspian Sea shelf.

 

“The Malay company 'Petronas' operates on the shelf of the Caspian Sea in Turkmenistan on the PSA terms. It is developing the Kiyanli deposit, where gas production is the main type of extraction operations. However, the Malays also produce gas condensate at this field. We have an agreement with them, and we buy from them. However, since the production is on the territory of Turkmenistan and conducted on the PSA terms, it is impossible to solve this issue without involving the Turkmen government,” the company representative said. According to him, gas condensate is already shipped by sea to one of the oil depots belonging to the Turkmenbashi oil refining complex. After that, the cargo is loaded on a train and goes by rail to the Bukhara Oil Refinery.

 

Such cooperation will provide an opportunity to increase the degree of utilization of the production capacities of Uzbekistan's oil refineries. The parties also consider reducing the cost of raw materials supplied to the Bukhara refinery.

 

“The second agreement was signed with the CNPC during Shavkat Mirziyoyev's state visit to China. We agreed to buy out the amount of condensate they extract on the right bank of the Caspian, where they have been operating on the PSA terms. Under the agreement, the volume is small. The Turkmen side simply provides organizational support to us,” the representative of “Uzbekneftegaz” stressed.



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