Uzbekistan’s national holding company — Uzbekneftegaz has said it will delay the construction of a shale processing facility to a later, unnamed date, a source close to the matter said, Demir Azizov writes for Trend.

The source stressed the company still plans to implement the project, but decided to reschedule due to the decline in oil prices and the fact the company has not been able to choose a provider for the needed shale processing technology.

In October 2012, the Russian Federal State Unitary Enterprise — AEP Institute completed its pre-construction project for a shale processing plant at the Sangruntau deposit for Uzbekneftegaz.

The Uzbek firm then announced in May 2013 it would build a facility capable of the complex processing of oil shale into oil products. The plant would be constructed at the Sangruntau shale deposit during over next two years in the Navoi region (central Uzbekistan). The initial project phase would entail building a plant with capacity to process up to two million tons of shale annually.

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http://en.trend.az/business/economy/2475243.html