14.10.19
Oil shale production will be made in Uzbekistan in partnership with American and Chinese companies.
Preparations are under way for the launch of a joint project between the US Epsilon Development Company in Uzbekistan and the Chinese Petroleum Technology and Development Corporation (CPTDC), according to information from the news website Ca-news.org dated 14.10.19. The main objective of the project is the production of oil shale, a kerosene-rich sedimentary rock from the Navoiy region of Uzbekistan.
A meeting was held on 11.09.19 in Tashkent between the representatives of Epsilon Development Company, China Petroleum Technology and Development Corporation (CPTDC) and Behzod Islamov, Chairman of the Geological and Mineral Resources Committee of Uzbekistan. Discussions were held on the establishment of an oil shale processing complex in the Sangruntau mineral deposits.
At the meeting, it was decided that the three sides should form a joint workers’ group to work on the project on the road map of oil shale processing and to put the project into operation. According to the information provided by the Epsilon Development Company, Uzbekistan will be able to obtain 1 million tons of petroleum products each year.
In March 2019, a consortium was established between Epsilon Development Company and Epsilon Asia Limited (Hong Kong) to operate oil and gas wells in the Bukhara, Khiva and Fergana regions. The project leader, Epsilon Development Company, announced that the consortium would invest 5.2 billion USD in Uzbekistan for the project, which will be operational between 2019 and 2023. It is known that there are 47 billion tons of oil shale reserves in Uzbekistan.
