Trade and industrial exposition of the Republic of Uzbekistan was held in Tokyo in Japan in early March this year as a part of the One Village One Product Programme implemented by the Japanese government.
Last year the air route was established between Egypt and Uzbekistan. It has allowed creating conditions to establish closer relations between the two countries and opened bigger prospects in the sphere of extending both business and tourism.
Former Soviet Central Asian countries will begin selling natural gas at European prices next year, Russia’s state-controlled monopoly said Tuesday, which could result in markedly higher prices for European consumers.
Russian gas export monopoly Gazprom said on Tuesday gas prices from Uzbekistan, Kazakhstan and Turkmenistan will be at European levels from 2009.
Uzbekistan plans to invest to development of its economy about US$5.4 billion from all sources of financing in 2008, press-uz.info reported quoting Ministry of Economy. The country plans to attract US$1.5 billion of foreign investments in 2008.
LUKOIL Overseas (OAO LUKOIL’s 100% subsidiary) has completed a transaction with ZAO MGNK-SoyuzNefteGaz to acquire 100% of SNG Holdings Ltd. group, one of which is SoyuzNefteGaz Vostok Limited, a signatory to the Production Sharing Agreement (PSA) on the South-Western Gissar and Ustyurt Region fields in the Republic of Uzbekistan.
While Russia’s Gazprom dominates Central Asian natural gas exports through its pipeline monopoly, the leaders of the "stans" are unhappy about the arrangement, as Gazprom buys cheap and sells dear to European consumers, United Press International (UPI) wrote.
Daewoo International Corp., a South Korean trading company, said Sunday it plans to spend US$47.5 million on buying a spinning mill owned by the Uzbekistan government and expanding facility investment.
Uzbekistan has freed its planned joint venture with the US car maker General Motors Corp. from most taxes for the next five years. A decree by President Islam Karimov announcing the tax breaks was published on Friday.
Lukoil Overseas, a 100% subsidiary of oil and gas producer Lukoil Oil Co., revealed the completion of a transaction with ZAO MGNK-SoyuzNefteGaz to acquire 100% of SNG Holdings Ltd. group, one of which is SoyuzNefteGaz Vostok Limited, a signatory to the Production Sharing Agreement or PSA on the South-Western Gissar and Ustyurt Region fields in the Republic of Uzbekistan.