Samsung Engineering and UNG, Uzbekneftegaz announced last Friday 6th November in Tashkent ,Uzbekistan that they have signed an MOU (Memorandum Of Understanding) for the Surgil BTX plant conceptual design. The signing ceremony was attended by Choong Heum Park, President and CEO of Samsung Engineering, Alisher Sultanov President of UzbekNefteGaz and also by Elyor Majidovich G’aniyev the Minister of Foreign Affairs of Uzbekistan.
This plant will produce BTX (benzene, toluene, xylene) out of the raw material decomposition (Pyrolysis Distillate) from the Surgil area UGCC Petrochemical Complex ethylene plant. Samsung will review the feasibility of the project in terms of the technical and economic evaluation also will assess the design process design and key equipment through a schematic simulation.
Samsung Engineering further strengthens their partnership with Uzbekneftegaz, which has reserves of 221 oil blocks under construction in Uzbekistan, by signing this MOU. Gulomjon Ibragimov the Deputy Prime Minister of the Republic of Uzbekistan requested Samsung Engineering to participate in this project, since the UGCC fertilizer plant, which was awarded in 2011, was completed successfully.
Recently, Samsung Engineering is further expanding their preliminary design expertise. Samsung received a FEED contract from Texas LNG, US in June and further gained the trust of Lotte Corporation to execute a MEG plant in the US from FEED to EPC contract.
Samsung Engineering believes that this MOU is a first big step leading towards the award of the EPC contract and can push Samsung as a result to the pole position in the CIS market. A fertilizer plant project is already being carried out in Azerbaijan.
Choong Heum Park, President and CEO of Samsung Engineering, stated: "We will not focus on EPC projects only for now on, moreover we will be more involved in conceptual studies to broaden our knowledge and improve our track record." He added: "We will do everything in our power to lead this MOU to an EPC contract award."
