The sides undertook obligation to realize a project on production of synthetic liquid fuel (GTL) in Uzbekistan through the venture. The venture will produce and realize GTL products.

The joint venture will be created as part of Uzbekneftegaz in form of limited liability company with parity shares. The project will be financed due to own resources of the company, funds of consortium of banks and financial institutions.

The realization of the resolution will allow to produce kerosene, diesel fuel of high quality and others, Uzbekneftegaz said.

Uzbekneftegaz and Petronas signed an agreement on development of feasibility study on construction of plant on processing 3.5 billion cubic meters of gas to 1.75 million tonnes of synthetic liquid fuel a year.

On 7 April 2009, Uzbekneftegaz, Petronas and Sasol signed an agreement on main principles of project realization on production of synthetic liquid fuel in Uzbekistan and memorandum of understanding. Total volume of Petronas investment into Uzbekistan will reach almost US$2 billion.

The plant will be equipped with mainly Sasol equipment. Sasol equipment mainly produces synthetic fuel for vehicles.