GTL IN UZBEKISTAN

The OLTIN YO'L GTL story

Access to affordable energy drives growth and prosperity. In English, OLTIN YO'L means 'Golden Road' and the project will help set Uzbekistan on a golden road to a clean and sustainable energy future, generating investment and driving development.

Using Uzbekistan's natural gas, OLTIN YO'L GTL will produce some of the cleanest and most advanced transport fuels in the world – reducing both emissions and the need to import fuel while adding one of the world's most advanced technologies to Uzbekistan's already impressive energy industry.

In partnership with Sasol of South Africa and PETRONAS of Malaysia, Uzbekneftegaz is delivering one of the most ambitious energy projects in the world today. OLTIN  YO'L GTL will set new standards for fuel performance and demonstrate the exciting investment opportunities Uzbekistan offers.

OLTIN YO'L GTL milestones to date:

• Pre-Feasibility Study completed - December 2008
• Heads of Agreement signed - April 2009
• Joint Venture Agreement signed - July 2009
• FEED Phase 1 started - August 2009
• Presidential Decree issued - October 2009
• Charter and Foundation signed - November 2009
• Uzbekistan GTL LLC formed - December 2009
• Preliminary feasibility completed - September 2011
• Gas Supply Purchase, Product Off-take and License Agreements signed - Sept 2011
• Investment Agreement signed – September 2011
• Second Presidential Decree issued - September 2011
• FEED Phase 2 started October 2011
• Support infrastructure construcon begins - July 2012
• Project named OLTIN YO'L GTL - July 2012
• Successful world record attempt - July 2012
• New corporate headquarters established - May 2013
• Launch of Project information Memorandum to Financial market - June 2013
• 1st Senior Lenders meeting in Kuala Lumpur - July 2013
• Senior Lenders Conference - September 2013