KazTAG reported quoting source in the Uzbek government that the sides could not reach those figures, indicated in the agreement and the sides started procedures on abolishment of the agreement.

In February 2010, the Government of Uzbekistan and IPIC signed the investment agreement, which envisages direction of investments to the chemical complex.

In line with the document, IPIC undertook obligation to create consortium of foreign banks and financial institutions to finance the project and ensure to export at least 70% of products of the plant.

The Uzbek side undertook obligation to construct necessary external infrastructure, including electricity supply lines, automobile and railway roads and others objects of the complex, which should produce ammonia and carbamide.

The project with preliminary cost of US$1.3 billion envisaged construction of complex on production of 900,000 tonnes ammonia and 1 million tonnes of carbamide a year.