JSC "Uzbekneftegaz"

Challenges and prospects: Strengthening exploration is the main factor in creating a reliable resource base for the long term. The main task is to increase the growth of industrial hydrocarbon reserves over the volume of their production. For this purpose, the Company began to widely apply new techniques and advanced technologies for the search of oil and gas fields. The work carried out during these years confirmed the high prospects of the Bukhara-Khiva and Surkhandarya regions of the country. Rich reserves were found in Ustyurt, where large gas fields Surgil, East Berdakh, Uchsay were discovered. Another alternative direction is the production of synthetic oil from oil shale on the basis of high-speed pyrolysis technology. Investment projects: For 2015-2019, "Uzbekneftegas" JSC is expected to implement a total of 54 investment projects. Special attention is paid to attracting foreign investors in the Republic. Among the most important, we can note the investment projects implemented in cooperation with foreign companies: Gasprom and LUKOIL (Russia), CNODC (China), Petrovietnam (Vietnam), KNOC (Korea), SASOL (South Africa), Consortium of companies on the Aral project, etc.