Economy

OGU opens in Uzbek capital

International exhibition and conference Oil and Gas Uzbekistan (OGU-2007), largest event of oil and gas sector of Uzbekistan, opened in Tashkent on 15 May. This year the exhibition marks its 11th anniversary.

Chinese bank to finance construction of hydroelectric power station

National Bank of Uzbekistan for Foreign Economic Activities and Eximbank of China achieved agreement on financing of Andijan hydroelectric power station-2, Pravda Vostoka reported.

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IMF sees continued positive near-term economic outlook for Central Asia

The International Monetary Fund (IMF) on 13 May released the May 2007 Regional Economic Outlook: Middle East and Central Asia (REO). Mr. Mohsin Khan, Director of the IMF’s Middle East and Central Asia Department, highlighted the report’s main findings:

Russia not to profit on Il-76 deliveries to China

Russia has faced difficulties while implementing the contract for delivering Il-76 aircraft to China, Kommersant reported quoting Gazeta on Monday.

Russia, Kazakhstan, Turkmenistan and Uzbekistan leaders adopted a declaration

Russia, Kazakhstan, Turkmenistan and Uzbekistan agreed to reconstruct existing gas transportation system and create new capacities for gas transportation from Central Asia. This stated in joint declaration of 4 leaders adopted on May 12 in Turkmenbashi city (Turkmenistan), reports the agency with reference to Russian Information Agency "Novosti".

Russian, Central Asia strike crucial natural gas pipeline accord

Russia announced a deal Saturday to dramatically increase the amount of natural gas it moves from Central Asia to Europe, a key victory in a growing rivalry with the West for the region’s vast energy resources.

Uzbekneftegaz, KOGAS to construct gas chemical plant - report

Uzbekneftegaz (Uzbek Oil and Gas) and Korean KOGAS plan to build some US$1.5 billion worth gas chemical plant by 2010, and launch joint processing of gas from the Surgil field in Ustyurt region of Uzbekistan, Reuters quoted a source in Uzbekneftegaz.

"Oil and Gas Uzbekistan 2007" exhibition to be held on 15-17 May

OGU 2007 will be 30% larger than the previous year, which demonstrates the increasing interest in the Uzbekistan market shown by companies all around the world. Over 142 companies will take part in the event from 18 countries: Austria, Germany, Netherlands, France, Poland, Czech Republic, Turkey, Iran, United Arab Emirates, China, USA, Malaysia, Indonesia, Azerbaijan, Russia, Ukraine, Kazakhstan and Uzbekistan.

Oxus Gold sees US$17m savings for Amantaytau Goldfields after tax deferral

Oxus Gold PLC said its Amantaytau Goldfields project stands to make cash savings of some US$17 million after the Government of Uzbekistan granted tax deferrals to the Phase I Oxides development.

Pakistan’s ECC allows cotton import from Uzbekistan

The Economic Coordination Committee (ECC) of the Cabinet on Thursday allowed the import of long staple cotton through land routes from India and Uzbekistan to meet the country’s shortfall of three million bales, Daily Times (Pakistan) reported.

Currency rates from 22/09/2023

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₽ 1 126.91 +0.674%
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