During the meeting the sides discussed perspectives of cooperation in implementation of joint business projects at Navoi free industrial-economic zone and exchanged opinion on expanding partnership within the future projects.

Within the visit, Uzbekneftegaz and Honeywell signed an agreement on creation of the joint venture on production of equipment for gas filling compressor stations (GFCS) and tools for regulating and metering pressure at Navoi free industrial-economic zone.

As earlier reported, Honeywell planed to participate in project on creation capacities on production of equipment for GFCS. Preliminary production volume is 50-200 equipment a year. The project cost is US$5 million. It will be also realized within 2012-2013.

It is planned to develop feasibility study for launching of capacities on production of system on decreasing and metering pressure (reducers, manometers) for cars consuming gas. The production capacity is set at 50,000 units a year. The preliminary cost of the project is US$7 million and it will be implemented in 2012-2013. The project is developed in cooperation with Honeywell.