Wed 09 2015 11:08:10
Tashkent, Uzbekistan (UzDaily.com) -- Russian oil company LUKOIL invested US$496 million into exploration and mining in Uzbekistan in the first half of 2015, the company’s financial report said.
According to the Russian company, the volume capital expenses for exploration and mining in Uzbekistan grew from US$301 million in January-June 2014 to US$496 million in the first half of 2015. The growth rate made up 64.79%.
In the second quarter of 2015, the investments of the Russian company into Uzbekistan made up US$336 million against US$168 million in the same period of 2014.
According to Lukoil, the company increase gas extraction in Uzbekistan by 24.8% year-on-year in the first half of 2015 – to 78,400 barrels of oil equivalent.
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.