Friday, 26, April, 2024

Economy

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.

The serial production of Hyundai electric cars in the Kokand free economic zone is scheduled to begin by 2023, the Uzbekistan 24 reported.

Deputy Foreign Minister Alisher Abdualiyev, yesterday met with the head of the production department of the Roca Group (Spain), Francisco Luis Villa and discussed the prospects for the implementation of the project for the of sanitary ware and ceramic tile manufacturing unit initiated by the Embassy of our country in Madrid in Tashkent province.

During the state visit of the President Shavkat Mirziyoyev to Russia in April 2017, an agreement was signed with Russian investors providing for the exploration and development of the Mustakilliqing 25 Yilligi field in the Baysun district with the further construction of a gas chemical complex.

Uzsanoatqurilishbank, Aloqabank and Asia Alliance Bank will hold IPO and SPO, the April 26 Cabinet of Ministers' resolution said. 10% shares of Uzsanoatqurilishbank and Asia Alliance Bank will go on IPO, while 10% shares of Aloqabank will be put on SPO.

Tashkent will host an international investment forum in autumn, it said in a presidential decree of April 29. The organizing committee of the forum will be headed by Prime Minister Abdulla Aripov. The committee is allowed to attract, if necessary, foreign companies for financial, legal and information support.

President Shavkat Mirziyoyev signed the Measures to Further Improve Mechanisms for Attracting Foreign Direct Investments in the Uzbek Economy approving the list of state-owned stakes to be put up for sale.

British Petroleum (BP), together with Uzbekneftegaz, is exploring promising hydrocarbon fields in Ustyurt plateau. the Head of Safety and Operational Risk at BP, Gordon Birell said.

The Uzbek Minister of Energy Alisher Sultanov hosted a number of delegations from the Republic of Korea Thursday. Sultanov met with Korea Eximbank executives and discussed the implementation of projects involving the bank, including the Uzbekistan GTL construction project and the Ustyurt Gas Chemical Complex (Uz-Kor Gas Chemical).

Uzbekistan and Russia will sign the nuclear plant construction contract before 2020, said Uzatom’s general director Jurabek Mirzamakhmudov on the margins of the AtomExpo international forum in Sochi.

Surkhan Gas Chemical Operating Company (SGCOC) has launched exploration drilling in the Surkhandarya province in southern Uzbekistan under a Production Sharing Agreement (PSA), the Ministry of Energy said in a statement.

300−350 thousand cubic meter a day of gas influx was obtained from the exploration well No. 7 of the Uchtepa field, Uzbekneftegaz said.

President Mirziyoyev signed the Additional Measures for Timely Delivery of Agricultural Sector with Agricultural Machinery Decree, which inter alia, stipulated the sale of large state-owned agricultural machinery manufacturing plants.

The next meeting of the Uzbek-Austrian Intergovernmental Commission on Trade and Economic Cooperation will take place on April 9, 2019 in Tashkent.