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NEWS

Special Issue: Export Opportunities for US Companies in the Uzbek Mining and Oil and Gas Sectors

5 December 2012

NOTE: The Uzbek Oil and Gas National Holding Corporation and the Navoi Mining and Metallurgic Complex have recently announced plans to upgrade their respective industries.   

 

The two announcements (see below) present exporting opportunities for US companies.  Both government entities plan to implement the projects with their own or the government-allocated funds, i.e. the Uzbek Fund for Reconstruction and Development and local banking institutions.   

 

For detailed information about each project please contact Laziz Kudratov:

 

Laziz Kudratov

Counselor

Trade & Economic Affairs

Embassy of the Republic of Uzbekistan

to the United States of America

email: kudratovl@gmail.com 

phone: +1 (202) 530 7299

mobile: +1 (202) 679 9945

fax: +1 (202) 293 6804

www.uzbekistan.org

 

UZBEKISTAN TO ALLOCATE $130 MILLION FOR RENOVATION OF THE NAVOI MINING AND METALLURGICAL COMPLEX'S TECHNOPARK

 

www.trend.az 

 

In 2013, Navoi Mining and Metallurgical Complex (NMMC) will launch a project to renovate mining, transport and railway systems at a preliminary cost of $130 million, a source in government circles told Trend.

According to the source, the final calculations for equipment procurement will be ready by the end of this year.

NMMC plans to purchase 15 hydraulic excavators, 50 heavy-duty trucks, and to significantly upgrade mining equipment and railway rolling stock in the frame of the project.

The renovations are being carried out in order to intensify mining in the Muruntau quarry in the Central Kyzyl Kum - the main gold base of the plant as well as at Zarmitan and Guzhumsay fields in the Samarkand region.

The program will be financed through $70 million of NMMC funds and through a loan from the Fund for Reconstruction and Development of Uzbekistan totaling $60 million.

By 2020, technical upgrades of road and rail transport will allow NMMC to increase supplies of rock from quarries to a refining capacity 35% greater than those of 2011 - up to 150 million tons per year.

At present, NMMC's fleet consists of about 5.3 thousand motor vehicles, 50 locomotives, and 1.04 thousand cars.

Navoi Mining is one of the major gold producers in Central Asia. The plant is fully owned by the state.

 

UZBEKISTAN TO UPGRADE UZBEKNEFTEGAZ'S TECHNOLOGY PARK TILL 2015

 

www.trend.az

 

Uzbekistan will direct $430 million to upgrade an enterprise technology park belonging to the National Holding Company Uzbekneftegaz in 2012 - 2014, a source in government circles told Trend, with reference to the relevant resolution of the Cabinet of Ministers.

According to the interlocutor of the agency, a programme for decommissioning the company's obsolete equipment and replacing it by modern samples for the next three years has been approved by the government.

In total, it is planned to buy 723 units of new equipment worth $339.3 million, as well as to modernise 1875 units of equipment worth $89.9 million within the programme. The work will be financed by Uzbekneftegaz and loans from Uzbek banks.

Uzbekneftegaz was created in 1998. The holding's capacity ensures natural gas extraction to the amount of 70 billion cubic meters and liquid hydrocarbons to the sum of eight million tons annually.

The holding consists of six subsidiaries - Uzgeoburneftegaz (controls the exploration and drilling), Uzneftegazdobycha (development and production of hydrocarbons), Uznefteprodukt (unites the enterprises providing them with oil products), Uztransgaz (supervises gas transportation and delivery), Uzneftegazstroyinvest (performs design work and capital construction in the oil and gas sector) and Uzneftegazmash (unites the enterprises of the oil and gas engineering industry).