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Business Newsletter
Week in Review:
January 20, 2012 - January 27, 2012
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 AUCC in Brief
Established in 1993, the American-Uzbekistan Chamber of Commerce (AUCC) is a private, non-profit trade association representing interests of U.S. businesses ranging in size from small private enterprises to large, multinational corporations conducting business in Uzbekistan.
Our Mission: To advocate the views of the business community to ensure that private sector positions are considered during the development of key policies that impact American businesses and the future of U.S.-Uzbekistan relations.
Our Objective: To serve the needs of its members by strengthening commercial relations between the United States and Uzbekistan.
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http://uzdaily.com of 1/24/2012
Uzbekistan Havo Yollari, a national airline of Uzbekistan, (Uzbekistan Airways) will receive a new long-distance aircraft Boeing-767. According to the airline, the crew of Uzbekistan Havo Yollari is in Seattle and will transport new aircraft to Tashkent soon. The company recalled that the order portfolio includes three Boeing-767 airplanes and two Boeing-787 Dreamliner aircrafts. The company will receive Boeing-767 aircraft by 2013. Uzbekistan Havo Yollari already is exploiting Boeing-767 aircraft. The company received the first such airplane in 1996. Currently, the fleet of Uzbekistan Havo Yollari includes Boeing-757/767, Airbus 320, Airbus 310, Rj-85 and locally made IL-114-100. |
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http://uzdaily.com of 1/21/2012
GM Uzbekistan, an Uzbek-US carmaker, sold some 121,584 automobiles in internal market in 2011, American company General Motors said in a statement. As earlier reported, GM Uzbekistan traded about 143,000 automobiles in Uzbekistan in 12 months of 2010. According to GM, Uzbekistan entered to the top 10 largest sales market of Chevrolet automobiles in 2011. Uzbekistan was on the eighth place among largest markets of GM last year. Among largest markets of Chevrolet also included the USA (1,775 million sold cars), Brazil (632,201), China (595,068), Russia (173,485), Mexico (162,461), Canada (150,540), Argentina (133,491), India (111,056) and Columbia (105,783). Uzavtosanoat and South Korea's Daewoo Motor created a joint venture - UzDaewoo Auto - on parity conditions with the charter capital of US$200 million. In 1996, the venture launched car production plant with the cost of US$650 million in Asaka city of Andijan region. The capacity of the venture is 200,000 cars per year. In May 2005, Uzavtosanoat purchased 50% shares of Daewoo Motor in UzDaewoo Auto for about US$110 million. General Motors and Uzavtosanoat completed process of creation of GM Uzbekistan on the base of UzDaewooAuto in the end of March 2008. The charter capital of new venture is US$266.7 million. General Motors owns 25% shares and plus one share in the new venture and it can increase its share up to 40%. Currently, Uzavtosanoat possesses 75% shares in GM Uzbekistan. |
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http://uzdaily.com/index.htm of 1/27/2012
Chemonics International Inc. currently implements the USAID project on Regional Economic Activity and runs an intensive program to improve the export potential for businesses in Central Asia, aimed at enhancing export operations through staff training and practical promotion of exports. UBI Consulting is subcontracted to assist implementation of the project in Uzbekistan.
In addition, the Project selected a group of companies of Uzbekistan and other Central Asian countries that will receive technical assistance in promoting and exporting their products to the markets of other countries through establishment of export partnerships, the press service of the Chamber of Commerce and Industry of the Republic of Uzbekistan reported. These companies will have direct access to training and consulting services to promote exports, develop new marketing strategies, expand their own customer base and business relations, participate in trade fairs, missions and exhibitions.
This Regional Economic Integration Project is one of the many assistance projects implemented by the United States Agency for International Development (USAID) on behalf of the American people in Uzbekistan. Since 1993 the American people, through USAID, have provided more than $300 million in assistance programs in Uzbekistan.
UBI Consulting was founded in 2003. Since its establishment, the company has accumulated extensive experience of international development in Uzbekistan, working on various projects funded by the Asian Development Bank, World Bank, European Bank for Reconstruction and Development and the Japan International Cooperation Agency.
To participate in the training program "Economic Integration Project" go to the link below and fill out the form http://bit.ly/tKDiZ6. Application deadline is on January 20, 2012. Contact Information: Barno Makhmudova (UBI Consulting Project Coordinator) Tel: (998-71) 245-72-50, 245-84-79, 245-99-26, [email protected] www.ubi.uz
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| Lukoil sees its Uzbek gas production at 80 mil boe/year from 2018
http://www.platts.com of 1/24/2012
Russia's Lukoil expects combined gas production from its Uzbek projects Gissar and Kandym-Khauzak-Shady to reach around 80 million barrels of oil equivalent/year starting from 2018, vice-president Leonid Fedun said late Monday in a conference call.
Of the total volume, Kandym-Khauzak-Shady is to account for around 47 million boe in 2018, demonstrating a peak production level, he said.
The total projected production figure is based on the current reserve estimations, Fedun said, adding it may increase further after additional exploration at the fields.
Proven reserves at Gissar stand at 260 million boe, which represents 30% of Lukoil's total proven reserves, Fedun said.
The company's share of proven reserves at Kandym-Khauzak-Shady is around 570 million boe, a spokesman for Lukoil Overseas, the foreign arm of Lukoil, said.
In 2012-21, Lukoil plans a capex of $800 million for Gissar, Fedun said, providing no data for Kandym-Khauzak-Shady.
The company plans to reveal details of its development strategy until 2021 in mid-March, after the presidential elections, when the political situation in Russia becomes clearer, he said.
Lukoil holds 100% of the Gissar project and a 90% stake in Khauzak-Shady-Kandym, with the remaining 10% controlled by the state-owned Uzbekneftegaz.
Lukoil said previously it expects the share of gas output in the company's total hydrocarbon production figure to grow from 20% in 2011 to over 35% in 2021, mainly due to higher gas production at Khauzak-Shady-Kandym, Gissar and Kungrad, an Uzbek block currently at the exploration stage.
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http://refiningandpetrochemicals.energy-business-review.com of 1/26/2012
The Asian Development Bank (ADB) has approved a $400m loan and political risk guarantee to build a petrochemical plant in Uzbekistan.
The $4bn Surgil Natural Gas Chemicals project is located about 1,300km from the capital Tashkent in the Karakalpakstan region.
The project is to be operated and developed by Uz-Kor Gas Chemical.
The plant will produce gas for commercial use and for conversion into chemical intermediates used in the plastics and textiles industries.
In addition, the plant will have supply capacity of about 4.5 billion cubic meters per annum of natural gas throughout the life of the project.
Furthermore, it will include production wells, pipelines, ethylene cracker, polymer plants and onsite power generation.
The Export Import Bank of Korea, Korea Trade Insurance Corporation, China Development Bank, National Bank of Uzbekistan, European export credit agencies and international commercial lenders provided finance to fund the project which is expected to be operational in early 2016.
Uz-Kor Gas Chemical is a joint venture company owned by state-controlled oil and gas company National Holding Company Uzbekneftegaz, and a consortium of Republic of Korea companies.
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 Contact Information The American-Uzbekistan Chamber of Commerce
1300 I Street, N.W., Suite 720W
Washington, DC 20005
phone: 202.509.3744
[email protected]
www.aucconline.com |
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