The national holding company Uzbekneftegaz (Uzbek: "Oʻzbekneftegaz" MXK) is a state-owned holding company of Uzbekistan's oil and gas industry. Uzbekneftegaz was established in May 3, 1992. In 1998, it was transformed into national holding company. Uzbekineftegaz leads a consortium of Korea National Oil Corporation, China National Petroleum Corporation exploring and developing gas condensate fields in the Aral Sea. It also cooperates with Lukoil in the Kandym-Khausak-Shady-Kungrad project to develop several natural gas fields in Uzbekistan. Uzbekneftegaz together with China National Petroleum Corporation owns and operates the Uzbek section of the Central Asia–China gas pipeline. They also have a joint venture for developing the Mingbulak oilfield. Together with Sasol and Petronas, Uzbekneftegaz develops Uzbekistan GTL, a gas-to-liquids (GTL) project. In addition, Uzbekneftegaz has a production sharing agreement with Gazprom on gas exploration, joint ventures with Prista Holdings on motor oil and lubricants production, and with Ariston Thermo Group on heating boilers production.