Presentation of WorleyParsons Uzbekistan Engineering was held in Tashlent on May 12, 2011.

The joint venture was established by WorleyParsons (Great Britain), Uztyazhneftegazkhimproyekt (Uzbek Heavy Oil, Gas and Chemical Poject) Institute and UzLITIneftegaz, OJSC. The venture will focus its activitiy on a number of priorities defined in the industrial sector development programs underway in Uzbekistan.

According to the press service of Uzbekneftegaz, the enterprise will explore and develop new project ideas aimed at high-level processing of natural resources involving advanced technologies and foreign partners.

The venture will also develop optimal engineering solutions for large-scale high-tech projects being implementd in oil and gas, petrochemical, chemical and energy sectors and train specialists in advanced design methods.

In additon, WorleyParsons Uzbekistan Engineering will develop projects to upgrade, re-equip, technically and technologically, existing capacities and attract potential partners to implement and fund the projects. It will also  develop feasibility studies in line with the international standards and provide technical assistance in project implementation.

A year ago, in May 2010, WorleyParsons, Uztyazhneftegazkhimproyekt and UzLITIneftegaz signed a memorandum of understanding on creation of the joint venture. On February 17, 2011, the sides approved the charter and constituent agreement of the joint venture WorleyParsons Uzbekistan Engineering.

On March 31, 2011, the government approved a resolution “On creation of the enterprise with foreign investment WorleyParsons Uzbekistan Engineering. On April 25, 2011, WorleyParsons Uzbekistan Engineering JV LLC was registered with the Ministry of Justice and received a certificate of registration of legal entity.