Friday, 21, February, 2020

Economy

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.

On October 24, President Shavkat Mirziyoyev signed a decree canceling the hand-over of the Uzbekistan Railways’ stake (45%) in UzbekKo’mir (Uzbek Coal) for the trust management to Russian company Progress Gor Tech. This was stipulated by the presidential March decree on increasing the management efficiency of UzbekKo’mir JSC.

On October 25−26 in Nurafshan city hosted the Invest in Tashkent Region Forum, the Tashkent governor’s office said. The forum was reportedly attended by various government delegation, institutional investors, business executives - in total more than 350 attendees from more than 40 countries.