Tuesday, 24 May 2011

Tri-Tech wins $1m natural gas analysis and monitoring project in Uzbekistan

Beijing Satellite Science & Technology Co., Ltd. (BSST), an affiliate of Tri-Tech Holding Inc., has won a public bid to provide analysis and monitoring equipment to the Uzbekistan Branch of China Petroleum Engineering Construction Corporation (CPECC).

The total contract amount for BSST's portion of the project is $1.02 million. Tri-Tech is a premier Chinese company that provides leading turn-key solutions for the water resources, water and wastewater treatment, industrial safety and pollution control markets.

According to the contract, BSST will provide on-site analysis systems and natural gas quality analysis and monitoring equipment to two stations of CPECC's Branch in Uzbekistan.

The equipment includes a chromatographic analyzer, a water dew point analyzer, a hydrocarbon dew point analysis analyzer, a hydrogen sulfide analyzer, a combustible gas alarm apparatus, sound and light alarms, explosion-proof axial fans, explosion-proof air conditioner and other technical equipment.

BSST will provide procurement of all equipment and components, system integration, installation, commissioning, etc. Completion of the project is slated for the end of October 2011.

"Our new project will help CPECC monitor gas conditions during the gas production process to maximize the rate of qualified products and minimize the impact of gas leak on the environment, said President of Tri-Tech Gavin Cheng.

"The project's closed system for on-site analysis is designed for safety at the industrial site. We have also promoted safety by making the project explosion-proof and preventing environment pollution and interference from other site activities. BSST will continue developing safety production process capabilities, enriching product and service lines for domestic and overseas safety and pollution control markets," Cheng said.

Tri-Tech Holding CEO Warren Zhao added: "We are pleased with BSST's first overseas production safety project after affiliating with Tri-Tech. BSST has a strong customer base in the oil, gas and petrochemical industries. We closely track our customers' business opportunities domestically and, as this project demonstrates, internationally."

"We will continue to seek safety and pollution control related business opportunities with our customers in China and abroad. We believe the CPECC project in Uzbekistan provides a strong opportunity to implement our international market development strategy," he noted.

Tri-Tech designs customized sewage treatment and odor control systems for China's municipalities and its larger cities. These systems combine software, information management systems, resource planning and local and distant networking hardware that includes sensors, control systems, programmable logic controllers, supervisory control and data acquisition systems.

The company also designs systems that track natural waterway levels for drought control, monitor groundwater quality and assist the government in managing its water resources. The company is also providing comprehensive solutions in the industrial pollution control market. Tri-Tech owns 23 software copyrights and two technological patents and employs 260 people.

India moved a step closer in quest for oil and gas from Uzbekistan

India moved a step closer in its quest for energy from Central Asia with the signing of pacts to prospect for oil and gas in Uzbekistan.

India has already bagged a share in the Caspian Sea basin portion of Kazakhstan, Central Asia's largest country, and inked a gas pipeline deal with the region's third major repository of hydrocarbons, Turkmenistan.

Following closed door and delegation level talks between Prime Minister Manmohan Singh and visiting Uzbekistan President Islam Karimov, the two sides signed 34 pacts. Many of them involving the private sector on the economic side, especially in IT & telecom, pharma, textiles, leather and chemicals flowed from inter-governmental agreements signed earlier in the day.

The two sides discussed connectivity problems that have stymied better trade ties. With Pakistan unwilling to give transit rights to India and areas of Afghanistan next to it still restive, the two proposed spurs of the Trans-Afghan corridor and the Central Asia –Persian Gulf corridor were examined.

While economics appeared to dominate, the two leaders also exchanged notes on the security situation especially in Af- Pak. Uzbekistan, like India, has old ties with the Afghan Northern Alliance and supports New Delhi's formulation of making a distinction between the good and the bad Taliban.

Tashkent clarified that it had not held talks with the Quetta Shura (bad Taliban in India's lexis) but only with some former field commanders who had no link with this outfit of Taliban leaders.

In Afghanistan, both countries have joined hands in supplying electricity to Kabul – India erected the transmission network and Uzbekistan supplies the power. Tashkent is also constructing a railway line in Afghanistan, its first, that could eventually help it overcome its landlocked limitations.

Dr. Singh and Mr. Karimov condemned terrorism in “all its forms” but stopped short of demanding an end to sanctuaries to terrorists. Uzbekistan had emasculated the dreaded Islamic Movement of Uzbekistan (IMU) through military action and supported a similar course in neighbouring Tajikistan whose quarter of population is of Uzbek origin. Post-2001, IMU found sanctuary in the Af-Pak region and caused several deadly attacks on security forces of both countries till the killing of its leader Tahir Yuldashev last year.

Significantly, India welcomed the entry into force of the Nuclear Weapon-Free Zone in Central Asia and “was prepared to extend the necessary security assurances.” So far such assurances have been offered by recognised nuclear weapon States. Analysts consider it significant that India made the offer and also that a nuclear weapon-free zone accepted it.

Explaining the quest for hydrocarbons, an official said one of the advantages of Central Asia was that despite having the third highest gas reserves in the world after the Persian Gulf countries and Russia, many parts have not been explored. One such is Uzbekistan's Karakal-Pakistan which is estimated to contain 70 billion cubic meters of gas reserves.

Uzbekistan also offered shale gas technology to India for prospecting in Assam, Rajasthan, Gujarat and some coastal areas.

The two sides touched on the Shanghai Cooperation Organisation (SCO) of which Uzbekistan is a member and India an observer. Dr. Singh informed about India's readiness to join SCO for maintaining its energy security as also give a fillip to cooperation in transportation, agriculture and education. The SCO has always been very positive about India's contribution in Afghanistan.

South Korean firm to set up textile mill in Uzbekistan

South Korea’s Textile Technologies Group has announced setting up of a modern textile mill to produce yarn, fabric and garments in Yukori Chirchik district of Tashkent region in Uzbekistan.

Textile Technologies will invest US$ 50 million in 2011-12 to set up the textile mill. This amount is in addition to the cost of 683 million sums (1,711 Uzbekistani sums equals one US dollar) payable to the Uzbek Government for acquiring land.

The Uzbekistan Government has already given permission to Textile Technologies Group for setting up of a modern textile mill with a capacity to process up to 8,000 tons of cotton fibre a year.

The investment of US$ 50 million is going to be made in two parts. US$ 30 million will be invested in 2011 itself, while the remaining US$ 20 million will be invested in 2012. This includes funds needed for installation of latest technological equipments sourced from across the world.

By 2013, the new mill is expected to produce 6,000 tons of cotton yarn, 7.5 million sq. m. of finished fabric and 5 million garments a year. Textile Technologies expects to export around 80 percent of this output.

This project is being undertaken as a part of the Uzbekistan Government’s textile industry development programme for 2010-15, under which over 100 projects are to be implemented at a total cost of US$ 1.6 billion to triple the export potential of the Uzbek textile industry.

Thursday, 19 May 2011

South Korea enjoys sole presence in Uzbekistan, what others waiting for

South Korea will pursue "country-specific" cooperation programs with Central Asian countries to better secure natural resources and help build industrial infrastructure for the rapidly emerging economies, the government said Tuesday.

The finance ministry said that a comprehensive cooperation package strategy will be followed for large, resource-rich countries such as Kazakhstan and Uzbekistan, with deal-by-deal tie-ups being sought for smaller countries like Tajikistan.

"Cooperation will be tailor-made to meet each country's needs and development levels, with every effort being made to ensure all parties benefit," the ministry said.

It said tie-ups will make full use of overseas assistance funds and local investments with South Korea moving to co-develop natural resources, and build industrial and social infrastructure for the rapidly emerging economies.

Seoul can also help countries lay the foundation for sustainable growth by building a foundation for manufacturing business, setting up information technology industries, and modernizing the agriculture and forestry sectors.

"Central Asia represents the Eurasian heartland and poses tremendous growth potential," the ministry in charge of Seoul's overall economic policy said.

South Korea will seek to expand the exchange of expert personnel, move forward on free trade pacts, and take steps to streamline legal and administrative guidelines to facilitate cooperation, the ministry said.

Uzbekistan launches 2 new South Korean joint ventures

Uzbekistan has launched two new gas-related joint ventures with South Korea, the Uzbekistan Daily news web site UzDaily.com reported on Monday.

The first venture will design and build stations for compressed natural gas, while the other venture will create automobile gas containers.

Korean firms EngineTech, Kwangshin, Korea Gas Corporation (Kogas) and Kolon are part of the venture to create 50 compressed natural gas stations. Uzbekistan plans to install 352 gas compressor stations throughout the country between 2011 and 2014, UzDaily.com reported.

The second venture is expected to produce 120,000 units of the containers on an annual basis. The company is a joint creation between Kogas, South Korea’s Kolon Industries Inc. and Korean firm NK. Uzbek firm Zavod Uzbekkhimmash, which is a subsidiary of state-owned gas firm Uzbekneftegaz, is also a partner in the venture.

The company was established in central Navoi, to take advantage of the country’s free industrial and economic zone (FIEZ) that provides tax incentives for foreign investors.

South Korea invested $21.4 million in the projects, which overall cost $42.8 million to create.

Uzbekistan can offer electricity to Pakistan

Delegation of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) recently had a meeting with Ambassador of Uzbekistan, Oybek Arif Usmanov.

During the meeting, the ambassador said that Uzbekistan is willing to provide electricity to Pakistan via Peshawar on very reasonable rates, Uzreport.com reported.

This will help Pakistan in seeking access to surplus Central Asian electricity to overcome energy shortages, the report said. Uzbekistan also called on Pakistan to further enhance exchange of business delegation and increased cooperation in sectors like textiles, leather, cotton, pharmaceutical and agriculture.

At the same meeting, head of FPCCI delegation Raza Khan hailed the Uzbek reform process and said that the country should offer electricity on most affordable rates so that the economy can be bailed out without burdening other sectors.

He said that policy makers of both countries should pay emphasis on cargo transportation, transit, telecom, IT and public health engineering sectors.

Tethys Petroleum company talks on progress at Tashkent Conference

Tethys Petroleum Limited ("Tethys" or the "Company" (TSX:TPL)) today provided information on progress at the 15th Uzbekistan International Oil and Gas Conference ("OGU") in Tashkent and in parallel with this signed a contract with the Institute of Geology and Prospecting for Oil and Gas Deposits (the "Institute") of NHC Uzbekneftegaz ("UNG"), the State oil and gas company, to review materials on exploration areas in the Ustyurt region and the Bukhara-Khiva region.
Dr. David Robson, Chief Executive Officer of Tethys, today gave a presentation on the "Doris oil discovery (in Kazakhstan) and the potential of the Ustyurt basin". The Ustyurt basin covers large areas both in Kazakhstan and Uzbekistan. To date there has not been a commercial oil discovery in the Uzbek portion of the basin though the geology is similar to the area where Tethys has made a commercial oil discovery (Doris) in the Kazakh portion, some 35 km from the border of the two countries. Tethys believes that, by applying the same geological model and techniques used in the discovery of Doris to the Uzbekistan portion of the basin, there is very good potential for finding oil there too.
In conjunction with OGU, Tethys announced it has signed a contract with the Institute to study the potential of two separate prospective areas in Uzbekistan with a view to Tethys applying for suitable projects in these areas. The study will involve the assessment of existing data and the oil and gas bearing prospectivity of the areas on the basis to prepare proposals for the Government of Uzbekistan for further exploration activities. Tethys views both areas as having very good oil and gas potential.
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our operations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. See our Annual Information Form for the year ended December 31, 2010 for a description of risks and uncertainties relevant to our business, including our exploration and development activities.