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Lukoil and Gazprom are among exploration investors in Uzbekistan
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Monday, 19 Jul 2010

Itar-Tass cited Mr Gaibulla Abdullayev head of Uzbekistan institute of geology and exploration of oil and gas deposits of the Uzbekneftegaz Company as saying that foreign companies involved in exploration in Uzbekistan plan to invest over 1.9 billion dollars over 2010-2015.

He said that among the biggest investors there are Russia Lukoil, Gazprom, PetroAlliance and foreign CNPC International, China, Korea National Oil Corporation, South Korea and Petronas Carigali Overseas Malaysia.

Forecasts say the growth of hydrocarbons production by foreign companies in Uzbekistan grew by 39%YoY. The production may reach 50 percent by 2015.

Over 2006-2009 foreign investments from joint and foreign companies in oil and gas exploration in Uzbekistan made 1.12 billion dollars.

(Sourced from Itar-Tass)

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