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Economy 27/11/2013 LUKOIL invest US$444m into exploration and mining in Uzbekistan in Jan-Sep
LUKOIL invest US$444m into exploration and mining in Uzbekistan in Jan-Sep
Tashkent, Uzbekistan (UzDaily.com) -- Russian oil company LUKOIL invested US$444 million into exploration and mining in Uzbekistan in nine months of 2013.

According to the Russian company, the volume of capital expenses to exploration and mining in Uzbekistan grew by 32.54% compared to the same period of 2013.

The capital expenses of the company in third quarter made up US$185 million, which is twice more compared to the same period of 2012 (US$89 million).

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.

LUKOIL is planning to produce up to 4 billion cubic meters of gas in Uzbekistan in 2013. The company will produce about 17-18 billion cubic meters of gas a year in Uzbekistan by 2020.

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