Turkmenistan has closed a credit agreement with the Japanese and the Chinese banks for construction of a gas chemical complex

Turkmenistan will build a gas chemical complex for the production of 386,000 tons of polyethylene and 81,000 tons of polypropylene annually. Its products will partially be exported.

The state bank of the external economy activity of Turkmenistan has closed on behalf of the Government of Turkmenistan credit agreements with the Japanese Bank of International Cooperation and the Korean banks for the construction of a gas chemical complex for polyethylene and polypropylene production between the state concern of Turkmengaz and the companies of LG International Corp, Hyundai Engineering (Korea) and TOYO Engineering Corporation (Japan).

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