In 2022, the 9th annual conference was held once again in the capital of Uzbekistan, Tashkent with the national oil and gas company of Uzbekistan - Uzbekneftegaz - as a Lead partner.
The key topics were downstream projects and petrochemical products in Central Asia, project financing challenges, digitalisation, new technologies and decarbonization of the energy sector.
WHO PARTICIPATED IN THE EVENT 2022
KEY TAKEAWAYS & TOPICS IN FOCUS
- The focus on petrochemical products is becoming increasingly important for the Central Asian & Caspian region
- The implementation of ESG aspects is becoming very important and relevant in the region.
- The need to attract investments is increasing
- The downstream industry is moving forward on a number of projects in Central Asia & Caspian regions
The growth of petrochemical production
and the integration of downstream assets
(oil refining and petrochemistry) is
expected worldwide, which will make it
possible to achieve improvements in
The oil and gas industry is at the stage of transformation. Unlike the previous revolutionary changes in the industry, “decarbonisation” will radically change the “rules of the game” and create both new challenges and opportunities.
In Central Asian countries, government involvement in financing the downstream projects will decrease, and the industry needs to focus on attracting more foreign investment. One of the key criteria for attracting investments is the implementation of ESG aspects.
Projects such as Uzbekistan GTL, KPI polypropylene production plant and modernization of the Heydar Aliyev Refinery (HAOR) have been completed in the region.
Uzbekneftegaz presented its promising projects, SOCAR spoke about the key figures and the main challenges of the modernization project and Samruk Kazyna Ondeu shared about the company’s future plans and directions of development of the chemical industry in Kazakhstan.