Thursday, 23, May, 2019

Economy

From this year onwards, food prices in Uzbekistan will be floated, UzA said. Najmiddin Mirabdullaev, the head at a department of the Farms Council said that producers suffer from artificially lower prices.

Uzbekistan plans to split up its state energy company amid efforts to boost efficiency, improve transparency, and attract foreign capital.

Uzbekneftegaz and Russian Tatneft have signed an agreement on exploration at the Pritashkent investment block. The document was signed on the sidelines of the 23rd "Oil and Gas of Uzbekistan - OGU-2019 International Exhibition and Conference in Tashkent. The agreement provides for the expansion of the partnership in the field of geological exploration in the Pritashkent investment block.

The eighth meeting of the Uzbek-Swiss Intergovernmental Commission on Trade and Economic Cooperation was held in Tashkent on 17 May. It was attended by over 25 officials of Swiss ministries and agencies, as well as companies and banks.

Uzbekneftegaz and Socar (Azerbaijan) signed an agreement to increase oil production in the Kashkadarya province, Uzbekneftegaz said.

Ten trade and investment totaling US$ 150 million, as wells education, health care deals were signed at the first Uzbek-American-Canadian business forum in Navoi Friday, the Foreign Ministry reported.

The contract for conducting engineering surveys at the nuclear plant site in Uzbekistan for drafting the NPP technical project was signed today at Power Uzbekistan the international exhibition, Uzatom agency reported.

The French Total EREN plans to build a solar power plant in Uzbekistan. “Now we are about to complete the draft agreement which provides for the construction of a solar power plant based on the public-private partnership,” said Sherzod Khodjaev, deputy energy minister of Uzbekistan.

American Air Products, Uzbekneftegaz and Uzkimyosanoat today signed a deal to draft the project for a new gas-chemical complex using the MTO technology (methanol-to-olefins).

Russia's Gazprom plans to start gas production at the Jel field under the terms of a production-sharing agreement (PSA) in 2021, Andrei Fik, the managing director of Gazprom EP International, told reporters at the International Oil & Gas Uzbekistan exhibition.