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Economy
25/03/2010
Uzbekneftegaz, Oman Investment Fund to build cement plant
Uzbekneftegaz, Oman Investment Fund to build cement plant
Tashkent, Uzbekistan (UzDaily.com) --
Uzbekneftegaz national holding company and Oman Investment Fund signed an agreement on principles of creating joint venture on construction of cement plant in Uzbekistan.
According to preliminary feasibility study, the cost of the project is US$200 million and the capacity is 1.7 million tonnes a year.
The plant will produce special cement types, including oil-well cement, sulfate-resistant cement and Portland cement.
The project will be financed due to investments of the Oman Investment Fund and own resources of Uzbekneftegaz.
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