The World Bank Board of Directors today approved a US$68 million IDA credit for the second phase of the Uzbekistan Rural Enterprise Support Project (RESP II). The Project will assist the newly independent farmers to increase the productivity and financial and environmental sustainability of agriculture and the profitability of agribusiness.
The Malaysian company Petroliam National Bhd (Petronas) will invest some $20 million in geological and exploration work at the Surkhan investment bloc deposits (in the Surkhan-Darya oil and gas region of Uzbekistan) in 2008-2012, a source in the Uzbekneftegaz holding told Interfax.
Uzbekistan has refused to sign a deal with its neighbours Kazakhstan, Kyrgyzstan and Tajikistan aimed at rationalising the use of water resources in the Central Asian region, the Kyrgyz government said today, Reuters reported.
Joint UNDP and the Chamber of Commerce and Industry project conducted a seminar for legal experts of financial institutions and businesses of Tashkent city on the development of arbitration system in Uzbekistan and its advantages compared to economic courts. The seminar took place on 30 May 2008 in the conference room of the Chamber of Commerce and Industry.
China’s CNPC and Uzbekneftegaz National Holding have signed an agreement on the principles of a joint venture intended to explore and develop the Mingbulak oil field, Uzbekneftegaz said on Thursday.
Uzbek national oil and gas company Uzbekneftegaz and Russia’s Stroitransgaz will next week sign a founding agreement on the creation of a joint venture that will produce liquefied gas at the Mubarek Gas Treatment Plant in Uzbekistan’s Qashqadaryo region, a source at Uzbekneftegaz told Interfax.
Pakistani investors will be provided free of cost electricity and other attractive incentives by the government of Uzbekistan, said Ambassador of Uzbekistan to Pakistan Oybek Usmanov, The Post reported.
Italian-Uzbek Chamber of Commerce (CIUZ) was established in Milan on 15th November 2002, and since 2006 it is officially recognized by the state authorities of Italy as a joint chamber of commerce in the system of UnionCamere (The Union of Chambers of Commerce and Industry) and is accredited according to Uzbek law. CIUZ is a no profit organization.