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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
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Uzbekistan to direct US$2.515bn to oil and gas industry
http://uzdaily.com of 1/15/2013 - Uzbekneftegaz (Uzbek Oil and Gas Industry) national holding company will direct US$2.515 billion to development and modernization of the industry in 2013, which will grow by 5.4% year-on-year.
At the same time, the size of direct foreign investments will make up US$1.724 billion. Fund for Reconstruction and Development of Uzbekistan will allocate US$333.5 million to Uzbekneftegaz. Loans of foreign and local commercial banks will make up US$64.1 million.
In particular, Asia Trans Gas, an Uzbek-Chinese joint venture, will continue to construct third line of Uzbek part of "Central Asia-China" gas pipeline. The project cost is US$2.2 billion. In 2013, some US$260 million will be used within the project.
Russia's Lukoil will start to implement several projects in Uzbekistan, investing US$678.5 million to realize two product-sharing agreement worth US$4.3 billion.
In 2013, Uz-Kor Gas Chemical will invest US$600 million to construction of Ustyurt Gas Chemical Complex in Uzbekistan.
Malaysia's Petronas will invest almost US$170 million into its projects in Uzbekistan. Some US$138.75 million will be directed to project on organization of production of synthetic liquid fuel based on cleaned methane of Shortan Gas Chemical Complex.
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