Dealogic was established in the UK in 1983 and it provides analytical and consulting services for commercial banks, professional participants of securities market and investors on such issues as financial markets, securities and investment activities.

Dealogic annually publishes largest investment projects, investment banks and consulting companies. Recently, Wall Street Journal and Dealogic started to publish electronic bulletin of investment activity by regions.

The global investment projects of the world for 2012 were included largest investment projects, implemented in various sectors of industry and infrastructure by regions.

In 2012, over 900 projects with project cost of US$382 billion have been started in the world. Some 28% of them fell to share of Asia and 22$ to Australia, 16% to Europe, 13% to North America and 11% to South America, as well as 9% to Middle East and Northern Africa.

At the same time, 30% of investments will be directed to development of transport and communication infrastructure, oil and gas, as well as petrochemical industry and 29% - to electricity. Other part fell to share of projects in telecommunication, mining and other sectors.

The project on construction of Ustyurt Gas Chemical Complex on the base of Surgil field, which was included in the ranking, was named as the largest project in developing world.

Ustyurt Gas Chemical Complex will ensure processing of 4.5 billion cubic meters of gas and produce 4 billion tank gas, 400,000 polyethylene and 100,000 tonnes of polypropylene, as well as 100,000 tonnes of pyrolized petroleum. The volume of exports makes up US$750 million. The enterprise will export products to Europe, Eastern and Southern-Eastern Asia. It is expected that Ustyurt Gas Chemical Complex will be commissioned in early 2016.

Uz-Kor Gas Chemical was founded by Uzbek and Korean companies in May 2008 to develop, finance, construct and exploitation of integrated gas and oil processing project in Ustyurt region of Uzbekistan.

Uzbekneftegaz owns 50% stake in the joint venture, while Uz-Kor Gas Chemical Investment holds 50% share. Korea Gas Corporation (KOGAS), Honam Petrochemical and STX Energy are Korean founders of the venture.

The project cost is US$4 billion. The project “Construction of Ustyurt gas chemical complex at the base of Surgil complex” was developed in cooperation between Uzbekistan and South Korea. The project is endorsed by the governments of two states.

A package of financial documents worth US$2.54 billion was signed in May 2012 and the documents will be effective for 16 years. Korean Export-Import Bank issued US$1 billion to project financing, China Development Bank – US$250 million, Asian Development Bank – US$125 million, and National Bank of Uzbekistan – US$100 million. Korea Trade Insurance Corporation provided insurance coverage for US$800 million, EKN (Sweden) – US$140 million and Hermes (Germany) – US$124 million.

Nine commercial banks participated in financing of the project. They are Korean Financial Corporation, Korean Development Bank, ING Bank, Siemens Bank, Credit Suisse, Bayern LB, KfW IPEX, Nordea and Swedish bank SEK.

As reported earlier, Project Finance International of Thomson Reuters named the project financing of the Ustyurt gas chemical complex has been named as international deal of the year.