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Ferkensco signs financing agreement for fertilizer production facilities in Uzbekistan

Advertisement Ferkensco Management has signed two bilateral cooperation agreements with Gazprombank to finance the construction of a plant to produce complex mineral fertilizers based on ammonia in Yangiyer, Syrdarya region of Uzbekistan, and a chemical complex to produce complex fertilizers in the Samarkand region of Uzbekistan. The signing ceremonies were held at the Saint Petersburg International Economic Forum. The ammonia project is already underway with site surveys completed in late 2020. In March 2021, a cooperation agreement was signed with the Khokimiyat (senior local government official) of the Syrdarya region. Negotiations are currently underway with Casale for the technological part (a licence and further development) of the project.

Russia: NOVATEK and Gazprom Neft create JV to develop the North-Vrangelevskiy license area

NOVATEK and Gazprom Neft have concluded a transaction on NOVATEK’s acquisition of a 49% participation interest in Gazpromneft Sakhalin owning a geological survey, exploration and production license for the North-Vrangelevskiy license area, located in the eastern part of the East Siberian Sea and the western part of the Chukchi Sea.

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