Oil, Korea Oil and Gas, Kogas

Uzbekistan to launch oil and gas projects costing $7.1 bln in 2015

​“Uzbekneftegas” and foreign investors will start the projects with the total value of $7.1 bln in 2015.
The program approved by the order of the President of Uzbekistan, I. Karimov, comprises 39 projects on modernization, technical and technological renewal of production in the oil and gas sector. In the structure of sources of capital investment foreign investment and loans make up $5.1 bln, company’s own funds - $1.14 bln, loans issued by the Reconstruction and Development Fund of Uzbekistan - $543.8 mln, loans issued by Uzbek banks - $313.7 mln.
In 2015 Lukoil will start the active stage of the project on the construction of a gas processing plant and development of the Kandym group of deposits in the Bukhara region with the value of $2.66 bln. The gas processing plant with the capacity of 8.1 bln cubic m of gas a year is planned to be constructed in 2019.
Uzbekneftegas and CNPC will start the construction of the 4th stage of the Uzbek part o the “Central Asia-China” gas pipeline with the total value of $800 mln. The gas pipeline with the capacity of 20 bln cubic m of gas is planned to be put into operation in 2017.

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Rosneft to develop the shelf with companies from China and South Korea

The will be companies from China and South Korea will help it to develop the Arctic shelf.
Rosneft has found new partners among the Asian companies. Over the last few days the head of Rosneft, I. Sechin, has managed to visit 2 countries –South Korea and China where he held negotiations with the 5 largest Oil and Gas companies in the region. The main result was the signing of the agreement with the Chinese companies on their joint work at the shelf of the Pechora and Barents Seas. Analysts assess positively this possible cooperation and say Rosneft will open a new market for hydrocarbons sales for itself on the account of new partners and accelerate the process of the shelf development.

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Rosneft to develop the shelf with companies from China and South Korea

The companies from China and South Korea will help it to develop the shelf. Read more »

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