Tatneft, CNCEC and Navoiyazot found petrochemical join venture in Uzbekistan

MOSCOW. Jan 13 (Interfax) - Tatneft JSC has co-founded a new company in Uzbekistan. The limited liability company TatSinoNavoi was included in the list of affiliated entities of Tatneft in the second half of 2022.

According to the Unified State Register of Enterprises and Organizations of Uzbekistan, the company was registered in the city of Navoiy on December 1, 2022. Its main operation type is the production of other main non-organic chemical substances. The company's charter capital is 336.0939 billion Uzbek som. According to the rate for January 19, it is approximately $29.7 million. The company head is Ravil Gilvanov.

Tatneft and TatSinoNavoi have 51%, and China National Chemical Engineering Co., Ltd. (CNCEC) owns 15%. The local partner is the joint stock companies Navoiyazot with state capital (14%), the companies Tatarstan Trade House SAN and Yevrazia have 10%.