Monday, 19, August, 2019

Economy

Uzbekneftegaz and Socar (Azerbaijan) signed an agreement to increase oil production in the Kashkadarya province, Uzbekneftegaz said.

Ten trade and investment totaling US$ 150 million, as wells education, health care deals were signed at the first Uzbek-American-Canadian business forum in Navoi Friday, the Foreign Ministry reported.

The contract for conducting engineering surveys at the nuclear plant site in Uzbekistan for drafting the NPP technical project was signed today at Power Uzbekistan the international exhibition, Uzatom agency reported.

The French Total EREN plans to build a solar power plant in Uzbekistan. “Now we are about to complete the draft agreement which provides for the construction of a solar power plant based on the public-private partnership,” said Sherzod Khodjaev, deputy energy minister of Uzbekistan.

American Air Products, Uzbekneftegaz and Uzkimyosanoat today signed a deal to draft the project for a new gas-chemical complex using the MTO technology (methanol-to-olefins).

Russia's Gazprom plans to start gas production at the Jel field under the terms of a production-sharing agreement (PSA) in 2021, Andrei Fik, the managing director of Gazprom EP International, told reporters at the International Oil & Gas Uzbekistan exhibition.

Uzbekneftegaz has launched the reform program with the support of the Boston Consulting Group (BCG). “The Oil and Gas Sector Long-term Development Concept is being drafted With the assistance of international consulting companies. In particular, jointly with BCG, the implementation of the program of comprehensive transformation of Uzbekneftegaz JSC and its structural divisions has commenced,” said Bahodirjon Sidikov, chairman of Uzbekneftgaz, at the OGU-2019 international conference.

Uzbekistan offers French companies over US$ 6 billion worth of 90 investment projects, said Sardor Umurzakov, the Uzbek Investment and Foreign Trade Minister said on Wednesday speaking in Tashkent at a Uzbekistan-France Business Forum attended notably by the mission of International Movement of French Enterprises (MEDEF International).

Uzbekistan sent its first ever transit container cargo to Tashkent from the Kazakh port of Aktau, Uzbekistan Railways said in a statement.

The Mingbulakneft joint venture founded by Uzbekneftegaz and the Chinese CNPC obtained the first oil from the Mingbulak field in Namangan province, the Ministry of Energy said.