TASHKENT, Aug 24: Uzbekistan and South Korea signed a $2.6 billion deal to build a gas-chemical plant in the Central Asian state which their leaders said was “unprecedented” in Uzbek-Korean relations.

“Starting the construction of Ustyrt gas-chemical plant on the basis of the Surgil gas field will be an unprecedented project in the Uzbek-Korean partnership,” President Islam Karimov told reporters in Tashkent after talks with his counterpart Lee Myung-Bak on Tuesday.

Uzbekistan was opening up its vast mineral resources, oil and gas, uranium, precious metals, as well as car building, textile industry and communications sectors for Korean business, Karimov added.

South Korean President Lee Myung-Bak noted that more than 180,000 ethnic Koreans live in Uzbekistan and that this presence was stimulating trade and cooperation.

“Successful completion of Ustyrt gas-chemical plant, which is the largest project in history of our relations, will be the best example of our cooperation,” the Korean president said. Uzbek state oil and gas company Uzbekneftegas signed contracts with South Korean GS Engineering and Construction, Samsung Engineering, Hyundai Engineering and Korean Gas Corporation to build the Ustyrt gas-chemical plant, which is in the far west of the country.

A total of 23 documents aimed to develop cooperation in different sectors, from hydrocarbons to sports and tourism, will be signed. —AFP

Opinion

Editorial

Afghan strikes
Updated 26 Dec, 2024

Afghan strikes

The military option has been employed by the govt apparently to signal its unhappiness over the state of affairs with Afghanistan.
Revamping tax policy
26 Dec, 2024

Revamping tax policy

THE tax bureaucracy appears to have convinced the government that it can boost revenues simply by taking harsher...
Betraying women voters
26 Dec, 2024

Betraying women voters

THE ECP’s recent pledge to eliminate the gender gap among voters falls flat in the face of troubling revelations...
Kurram ‘roadmap’
Updated 25 Dec, 2024

Kurram ‘roadmap’

The state must provide ironclad guarantees that the local population will be protected from all forms of terrorism.
Snooping state
25 Dec, 2024

Snooping state

THE state’s attempts to pry into citizens’ internet activities continue apace. The latest in this regard is a...
A welcome first step
25 Dec, 2024

A welcome first step

THE commencement of a dialogue between the PTI and the coalition parties occupying the treasury benches in ...