Monday, 23, September, 2019

Economy

The Board of Uzbekneftegaz moved from Tashkent to Karshi (Kashkadarya province), the company said in a statement. The step was taken in order to “swiftly address issues and tasks on the ground and directly monitor the production activities of enterprises” of the holding during the implementation of the production increase plan, the statement said.

"We have reasons to believe that there is a huge gas field in Ustyurt region in Karakalpakstan", today said the chairman of Uzbekneftegaz, Bahodir Sidikov at the briefing of the Ministry of Energy.

The National Agency for Project Management (NAPM) under the Uzbek President and the Finnish company Kauko International signed a Memorandum of Understanding for developing geothermal energy sector.

Renault plans to launch the production of budget cars in Uzbekistan, including the KWID hatchback, Dunyo news agency said.

The first of the Working Group meeting on monitoring the implementation of the agreements reached during the summit meetings took place in Seoul Friday, Dunyo said.

Gas production at Lukoil projects in Uzbekistan will surpass 16 BCM per year from 2019, said the company's first executive vice president Ravil Maganov at the annual meeting of shareholders.

The joint venture Natural Gas-Stream, set up by Uzbekneftegaz and Gas Project Development Central Asia, is investing more than US$ 700 million in gas production in northwest of Uzbekistan.

Uzbekistan produced over 98.78 thousand passenger cars in January-May 2019, which is by 46.7% more to the same period of 2018.

A U.S. Department of Commerce Certified Trade Mission featuring 13 major US companies is visiting Tashkent this week to learn more about the business and investment climate in Uzbekistan, and to meet with top Uzbek government officials, American Chamber of Commerce members, state enterprises and other Uzbek companies.  The certified trade mission fulfills a pledge made by Commerce Department Secretary Wilbur Ross to President Mirziyoyev during his visit to Tashkent last fall.

Uzbekistan Government published a resolution for public consultation on setting up of a joint venture with the French Orano Mining SA for exploration and mining of uranium in the Navoi province.