The Jerusalem Post
December 26
aifa-based Bateman Projects Ltd., a subsidiary of Bateman Middle East, recently signed a $158.5 million contract for the design, supply, and management of a booster compressor station for natural gas in Uzbekistan, the company said yesterday.
Bateman has been involved in gas and oil projects in Siberia and has operated with Israel's Merhav group in Turkmenistan and other states of the Former Soviet Union in similar projects.
According to the company, the natural gas station will be built adjacent to the Shurtan gas fields, which supplies 75 percent of Uzbekistan's domestic needs. Bateman said the project was attributed to a natural depletion of gas pressure at the the Shurtan fields. Furthermore the planned construction of a compressor station will enable Uzbekneftgas, the national oil and gas company to utilize the Shurtan fields reserves for an additional 20 years.
In a company statement, Bateman said the project was financed on guarantees from the US Exim Bank and Israel Foreign Trade Risks Insurance Company (IFTRIC), with the initiative completed within two years.
The company said that Uzbek firms will build the physical station. Bateman will be involved in training, and consulting work on-site. Additionally, the Israeli company will have general control over the project, operating the supply of parts, while advising Uzbeki workers on-site.
This is the third natural gas project awarded to Bateman in the FSU. The Shurtan venture in Uzbekistan follows the Tomskneft project in Siberia, and Turkmengas in Turkmenistan, totalling $600m. in awarded projects.
Bateman is a subsidiary of the South African Bateman Industrial Corp. Bateman Project Holdings Limited is an international engineering, contracting and project management group. The Group operates through strategic business units, subsidiaries and associated companies, offering a wide range of technological and project services to the mining, minerals processing, metallurgic, agricultural and environmental protection industries.
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