LUKOIL invests US$838m into exploration and mining in Uzbekistan in 2014
23/03/2015 00:04
LUKOIL invests US$838m into exploration and mining in Uzbekistan in 2014
23/03/2015 00:04
Tashkent, Uzbekistan (UzDaily.com) -- Russian oil company LUKOIL invested US$838 million into exploration and mining in Uzbekistan in 2014, the company’s financial report said.
According to Russian firm, the volume of capital expenses to exploration and mining in Uzbekistan grew from $657 million in 2013 to US$838 million. The growth rate made up 27.55% year-on-year
LUKOIL noted that the company decreased gas extraction in Uzbekistan. At the same time, the company did not reveal the volume of extracted gas in Uzbekistan.
Earlier, LUKOIL Overseas reported that the volume of extracted gas in Uzbekistan in 2014 made up 4 billion cubic meters and liquid hydrocarbons – over 100,000 tonnes.
Currently, LUKOIL implement three product-sharing agreements in Uzbekistan – Kandym-Khauzak-Shady-Kungrad, Southern-Western Gissar and exploration of the Uzbek part of Aral. So far, LUKOIL produced over 20 billion cubic meters of gas in Uzbekistan.
The company will produce about 17-18 billion cubic meters of gas a year in Uzbekistan by 2020.
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