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Economy 22/09/2011 Uzbekneftegaz to invest US$178m to Alan field
Uzbekneftegaz to invest US$178m to Alan field
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekneftegaz national holding company will attract US$178.3 million in 2012-2015 to gas-field re-construction in Alan field in Kashkadarya region of Uzbekistan.

Prime agency reported quoting source in the Government of Uzbekistan, the company developed feasibility study of the project, which envisages construction of booster station.

The project will allow to support production of gas at the field at the level of 1.5 billion cubic meters a year.

The project will be financed due to foreign investments and loans, credits of the Uzbek banks and own resources of Uzbekneftegaz.

The source said that Uzbekneftegaz holds talks with several foreign banks on attracting loans to implementation of the project.

The source said that the company can announce a tender on selection of general contractor for project implementation till the end of 2011. The project will be implemented in three years.

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