Turkmenistan to build industrial facilities with Japanese loans
By Aynur Jafarova
Turkmenistan will construct a number of industrial facilities with
a total cost of $10 billion with the participation of Japanese
loans in the near future, Baku-based Trend news agency reported on
November 22 citing the Turkmen Ministry of Oil and Gas Industry and
Mineral Resources.
The plants will be specialized in converting natural gas into
liquid fuels, gasoline production, production of high density
polyethylene, gas and chemical complex for the production of
polyethylene and polypropylene. There will also be a workshop for
producing sulfuric acid at Turkmenabat chemical plant, plants for
production of sodiumsulfate and detergents, as well as ammonia and
urea in Garabogaz city.
According to business circles in Tokyo, high technologies of Japan
and rich natural resources of Turkmenistan are complementary.
Turkmenistan views the opportunities for Japanese companies in
joint investment projects, in petrochemical, gas processing,
electrotechnical and other sectors of industry.
A number of projects in Turkmenistan are implemented through the
Japanese Bank of International Cooperation (JBIC) commercial loans.
These include projects for modernization of Fuel and EnergyComplex,
in particular $1.6 billion worth modernization of the largest
refinery plant of the country in Turkmenbashi.
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