During the meeting with Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan, Chairman of Uzbekneftegaz JSC Board, Mr. Seifi Ghasemi said the Air Products management decided to invest in four progressive countries of the world - China, Saudi Arabia, the Russian Federation and Uzbekistan, which are the most promising, profitable and reliable for foreign investors.
Yet before this decision, the Company had conducted an independent audit of the world’s progressive countries with attraction of Macro-Advisory Consulting Company. Based on the results of this audit, the Republic of Uzbekistan was identified among the most promising countries for investment in both the region and the world, as the country to date implements large-scale reforms, takes steps to develop all sectors of the human activity, including the support of business, the protection of the rights of entrepreneurs and investors, undertakes positive transformations in financial and judicial sectors, and most importantly, introduces the mechanisms to combat corruption.
Mr. Ghasemi stated that Air Products is interested in long-term direct investments in Uzbekistan and in full-fledged presence on the market, rather than selling equipment or services.
He also noted that the Company is ready to invest in projects for the production of industrial gases for the needs of various sectors of the economy, including oil and gas, chemical, pharmaceutical, metallurgical, etc., as well as gets interested in the project for the production of polymers from natural gas (MTO).
Mr. Ghasemi also offered to organize in Uzbekistan a meeting of top managers of leading oil and gas companies, including Total, British Petroleum, SOCAR, UOP Honeywell, etc.
Following the results of the meeting, the sides agreed to set up joint working groups consisting of experts from Air Products and representatives of the fuel and energy complex enterprises. It is scheduled within 2 months to prepare specific proposals for the joint implementation of projects in the oil and gas, chemical and metallurgical sectors.
By the end of this day, Action Plan (Road Map) for further implementation of joint projects to be developed.