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Economy 03/03/2011 Uzbekneftegaz sums up 2010 results
Uzbekneftegaz sums up 2010 results
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekneftegaz national holding company and foreign companies revealed and prepared for drilling 28 perspective structures in 2010. They also started exploration drills at 14 objects and constructed 55 wells, as well as opened five new oil and gas fields.

Reserves of gas, oil and condensate at Yangi Karatepa, Chunaga, Qumli-Taylaq, Hankyz, Dayahatyn, Chandir, Kulbeshkak, Yuzhniy Kyzylbayraq, Adamtash and others were defended at the State Reserves Commission under the State Geology Commission of Uzbekistan.

Extracting enterprises of Uzbekneftegaz, including foreign investors, fulfilled natural gas production by 98.4% and liquid hydrocarbons by 80.2%.

The growth of production of oil lubricants made up 90.4%, aviation kerosene – 102.0%, liquefied gas 99.6%, polyethylene – 99.8% and brimstone – 114%.

Industrial enterprises of oil and gas industry, including the volume of foreign investors with the PSAs, produced goods for 6 trillion soums. The growth rate made up 3.5%. The consumer goods for 600 billion soums were produced in 2010.

The industry realized 56 projects within the localization programme in 2010 (against 41 projects in 2009), on which goods production was fulfilled for 71%. The growth rate made up 39.2%.

Tower, reactor, heat exchanging, chemical and mining equipment, as well as bentonitic clay powder and polyethylene pipelines were exported. Additional 121 jobs were created.

Uzbekneftegaz said that Uzruberoid LLC of Uzneftmahsulot launched production of ruberoid RKK-350 and REP-K-0.8. Four localization projects were implemented at NEFTEGAZMINERAL LLC (Uzgeoburneftegaz), Uzbekhimmash Plant, Polipropilen quvurlaru (Shortan gas chemical complex) and Gazenergoservis.

Overall, the localized goods output on 60 projects at the Uzbekneftegaz enterprises reached 92 billion soums, which grew by 41.3% year-on-year.

At the International Industrial Fair and Cooperation Exchange, the enterprises of Uzbekneftegaz signed 323 agreement on purchase of import-replacing products and services for over 216.5 billion soums in 2010, which is 1.56 times more year-on-year. The actual execution of the agreement made up 95.4% to forecast, while the growth rate made up 48.7%.

Uzbekneftegaz used about 850 billion soums of own resources in 2010 and carried out building and assembly jobs for 230.5 billion soums.

The works on construction of 11 gas and 14 oil wells were completed. Some 244 km of highway and service gas networks were commissioned. Plants on production of polyethylene pipes, polypropylene and gas meters were commissioned at the Navoi free industrial-economic zone.

Some 27 investment projects were included to investment programme of Uzbekistan for 2010. The volume of attracted foreign investments and loans was fulfilled with 2.7% surplus to forecast task, while the forecast of foreign direct investments – with 3.5% surplus.

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