Thursday, 14, November, 2019

Economy

O'zlitineftgaz and Schlumberger Oilfield Eastern Limited have signed a Confidentiality Agreement and a Memorandum of Understanding (MoU), Uzbekneftegaz said.

The Office of the United States Trade Representative announced today that USTR is closing the GSP IP eligibility review of Uzbekistan opened in 1999, following Uzbekistan’s accession to the Geneva Phonograms Convention, the World Intellectual Property Organization (WIPO) Copyright Treaty, and the WIPO Performances and Phonograms Treaty.  The GSP worker rights eligibility review of Uzbekistan will remain open.

The UAE company Masdar will invest up to US$ 100 million for the first photovoltaic plant project with 100 MW capacity in the Navoi province of Uzbekistan, the Ministry of Investment and Foreign Trade (MIFT) said.

There are currently 275 oil and gas fields in Uzbekistan with total reserves of 2.4 billion cubic meters (BCM) tons of conditional fuel, Uzbekneftegaz reported.

At the Uzbekistan Ministry of Transport of the Republic was held a meeting with the Deputy Chairman of the Azerbaijan Railwaysб Igbal Guseynov.

The Public-Private Partnership Development Agency (PPPDA) under the Ministry of Finance and the Ministry of Energy of Uzbekistan began preparing of the US$ 1 billion TPP project.

Asphalt and concrete items production plant will be built by the Dutch company Lumidea engineering in Khiva. This was reported by the Podrobno.uz correspondent with reference to Dunyo news agency.

Epsilon Development Company, the company encorporated in the United States, has discovered a new oil and gas condensate field in southern Uzbekistanб with estimated reserves of about 10 million tons of oil and 7 BCM of gas, as per the findings of prospecting and appraisal drilling, the company said on Tuesday.

The Ministry of Energy, the Korean Energy Agency (KEA) and the Korean company SK Engineering & Construction (SK E&C) signed a Memorandum of Understanding (MoU) to develop a feasibility study for the Mubarek TPP modernization project, the Ministry of Energy said.

On October 28, an industrial flow of natural gas was obtained at the Yormok field with a provisional flow rate of 250-300 thousand cubic meters per day, the Ministry of Energy said.