Monday, 19, August, 2019

Economy

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.

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.