Monday, 23, September, 2019

Economy

Uzbekistan intends to hand over to foreign companies some 50 fields with falling oil production rates for furhter development on the basis of risk-service deals.

Uzbekistan is seeking to invest in mega gas pipeline project involving Turkmenistan, Afghanistan, Pakistan and India. Uzbekistan is also seeking to invest in the construction of the pipeline and excavation works in Afghanistan.

Uzbekistan has decided to build another two power units for the nuclear power plant, the minister of energy Alisher Sultanov told Kun.uz. 

Industrial gas inflow was obtained at the Aralyq field in Karakalpakstan, Uzbekneftegaz said in a statement. The depth of the exploratory well No. 1 of the new field reaches 3,910 m. The preliminary production of the gas-condensate mixture was at 700-800 thousand cubic meters a day. 

On July 9, President Shavkat Mirziyoyev signed a decree “On measures for stable provision of the economy and households with energy resources, financial rehabilitation and improvement of the management system of the oil and gas industry.”

The nuclear power plant, which is to be built in the Jizzakh province, is likely to be named Uzbekistan nuclear power plant, said First Deputy Minister of Energy, Director General of Uzatom Agency Jurabek Mirzamakhmudov.

The President Shavkat Mirziyoyev signed the decree approving the common terms for the production sharing agreement (PSA) between Uzbekistan and Gazprom EP International V.V. (a subsidiary of Gazprom) for the development of the Djel field, Norma.uz said.

The Ministry of Investment and Foreign Trade (MIFT) proposed to review and optimize import duties, the ministry said in a report.

On June 25, at the extraordinary general meeting of GM Uzbekistan, the company shareholders voted to rename General Motors Uzbekistan to UzAuto Motors.

UAE’s Mubadala Utilities could buy stake in Uzbekistan’s Talimarjan thermal power plant, the Ministry of Investment and Foreign Trade said.