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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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NEWS

Russia's Lukoil raises its investments in Uzbekistan

www.hispanicbusiness.com
28 November 2013

In Jan-Sep, Russia's Lukoil increased its investments in Uzbekistan almost one third to USD 444mn, the company has announced. Capital expenditures in Q3 amounted to USD 185mn, an increase of 2-fold y/y. Currently, Lukoil implements three product-sharing agreements in Uzbekistan - Kandym-Khauzak-Shady-Kungrad, Southern-Western Gissar and exploration of the Uzbek part of Aral . So far, Lukoil produced over 20bn cubic meters of gas in Uzbekistan . As part of the production sharing agreement, Lukoil plans to produce 18bn cubic meters of gas by 2017, and to bring up the volume of investment to USD 5bn .