American-Uzbekistan Chamber of Commerce
Business Newsletter

 

Week in Review:


March 3, 2012 - March 9, 2012  

 

In this issue
AUCC in Brief
Boeing and Uzbekistan Airways Partner with Non-Profits to Deliver Medical Supplies to Tashkent
Uzbekneftegaz to Attract US$82m to Modernization of Compression Station
Gazprom to Test Exploratory Well Kumoy-2 in Uzbekistan
LUKoil Supplying Uzbek Gas to China
Lukoil Increases Kandym's Resource Base in Uzbekistan
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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. 

http://prnewswire.com of 3/8/2012      

  

Boeing and Uzbekistan Airways have partnered with Project Hope to transport a consignment of medical supplies destined for hospitals in Tashkent on a newly delivered 767-300ER (Extended Range).      

The 6,950-pound (approximately 3,150-kilogram) shipment is made up of 162 boxes of medicines and medical supplies and comes as part of Boeing's Humanitarian Delivery Flights program.

"Boeing, through its Global Corporate Citizenship organization, supports relief efforts around the world in partnership with nongovernmental agencies and nonprofits like Project Hope. Through these collaborative efforts and with our airline partners, we bring relief and hope to people in need," said Liz Warman, Global Corporate Citizenship Northwest director.

On a previous delivery flight in February, Boeing and Uzbekistan Airways partnered with the Seattle-Tashkent Sister City Association and the Academy of Sciences of Uzbekistan to transport a consignment of scholarly books for the Tashkent-based International Library. The 4,720-pound (approximately 2140-kilogram) shipment included 118 boxes of scholarly books covering various fields such as literature, linguistics, languages, history, demography, ecology and public health.

"Uzbekistan Airways is constantly looking at ways to contribute to the development and benefit of the community and we are happy to be working with Boeing and Project Hope to transport medical supplies to Tashkent," said Valeriy Tian, director-general, Uzbekistan Airways.  "I would like to thank our partners at Boeing and Project Hope for driving this initiative for the betterment of our community in Uzbekistan."

Over the years Boeing has facilitated more than 140 humanitarian delivery flights, working in partnership with nearly 50 different airlines worldwide.

Boeing delivered the first two of four new 767-300ERs ordered by Uzbekistan Airways in February, both of which undertook humanitarian lift missions. Uzbekistan Airways, headquartered in Tashkent, also has two 787-8s on order.

Uzbekneftegaz national holding company in 2012 will attract US$82 million to modernization of two compression stations - CS-2 and CS-3, which are located at Central Asia - Center gas pipeline.

Energonews reported quoting Uztransgaz representatives that the resources are attracted to install gas-turbine units with electricity traction with the capacity of 25 megawatt at each compression stations. The project will be implemented within two years.

The project implementation will allow to produce 212 megawatt-hour electricity in autonomous regime and decrease dependence of electricity supply twice and improve reliability of gas supplies to Tashkent region and Ferghana valley (Andijan, Namangan and Ferghana regions).

The report said that the Uzbek company will announce tender on supply of equipment in the first half of 2012.

Uzbekneftegaz is planning to implement the project due to own resources.

http://uzdaily.com of 3/6/2012  


Gazprom International, an operator of foreign projects of Russia's Gazprom, started to text the second exploratory well, drilled at perspective Kumoy area at Ustyurt Plateau in Uzbekistan, the company said in a statement.

The company said that six perspective horizons were revealed at Kumoy-2 well with 4,170 meters depth and the company will test them.

In the result of these works, which will be completed by the end of the year, the company will make first assessment on perspectives of this gas-bearing area. According to preliminary data, the productive objects have high quality methane gases with low content of sulphuretted hydrogen and carbonic acid gas.

Kumoy area is located within Shakhpakhti investment block and 25 km away from Djel field, which was opened by Gazprom in 2009. Forecasted resources of the field are estimated at 6 billion cubic meters of gas and 40,000 tonnes of gas condensate.

The company carried out full complex of geological exploration works within the five-year programme, which was completed in the beginning of 2012. Currently, the company is calculating reserves of the field, which will be submitted to the State Commission on reserves under the Cabinet of Ministers.

Cooperation of Gazprom and Uzbekistan is based on agreement on principles of exploration of entrails at investment blocks of Ustyurt region from 2006. The agreement envisages providing Gazprom exclusive right for development of new hydrocarbon fields based on production-sharing agreement.

Djel field is located 235 km from Central Asia - Center gas pipeline. Gazprom had invested US$400 million to exploration works at Ustyurt region since December 2006.

At the same time with exploration works, Gazprom International caries out development of Shakhpakhti field in Karakalpakstan.

http://themoscowtimes.com of 3/5/2012  


LUKoil has succeeded where natural gas exporter Gazprom failed, supplying fuel to China.

Gas from LUKoil's fields in Uzbekistan, where output generates more profit per barrel of oil equivalent than western Siberian crude, is flowing to China under an agreement with its Uzbek partners, LUKoil deputy chief executive Leonid Fedun said.

"We are already supplying and will supply gas to China," Fedun said. "We have a pipeline project, with very good netbacks, supplying China."

Gazprom failed to sign a supply contract with China last year after at least a decade of talks. The company hasn't been able to agree on prices with China, which has instead built pipelines to gas- rich Central Asian states.

LUKoil plans to produce as much as 19 billion cubic meters (119.5 million barrels) of gas a year at peak from deposits in Uzbekistan, Fedun said in June last year. The company provides volumes to the Uzbek state, which has a sales agreement with China, he said.

Sales in the Central Asian nation last year generated $18 of net income per barrel of oil equivalent compared with $11 for western Siberian crude, according to a presentation he gave late last month in London.  

http://en.trend.az of 2/29/2012  


Russia's Lukoil has increased the resource base of Kandym block in Uzbeistan, as a result of exploration work on the site, a company statement said on Wednesday.

According to Lukoil Overseas (Lukoil's operator of international upstream projects), the block's area covers1.142 million square kilometers, and the resource base during entry into the project is 255 million tons of equivalent fuel.

A 2D seismic survey of 1,300 running kilometers was carried out as part of the project; the geological structure of the block was clarified; the area of deposits under study was increased; and prospects of growth stocks - expected to exceed 60 million tons of fuel - were defined.

Atthe Kuvachi-Alat and Parsankul fields, where seismic survey and drilling of four exploration wells were conducted, the fields' project area was increased by one third and reserves of C1 were increased by 12 million tons of equivalent fuel. Exploration costs for 2011 amounted to $16 million.

In 2012, the company plans to complete the testing of three more wells in the Parsankul field, conduct a 2D seismic survey of 300 running kilometers, and perform a rapid conversion of reserves. Exploration costs in 2012 are expected to total $41 million.

Lukoil also plans to conduct a 3D seismic survey of 2,100 square kilometers and drill 10 exploratory wells before 2016.

Kandym group was developed under the PSA for the "Kandym-Khauzak-Shady-Kungrad" project, which was signed in June, 2004 for 35 years. The partners are "Lukoil" (operator with a 90 per cent stake) and the Uzbekneftegaz National Holding Company (10 percent stake). The volume of investments is estimated to exceed $4 billion.

The agreement facilitates the development of Khauzak, Shady and Kandym group fields. Lukoil plans to produce more than 12 billion cubic meters of gas and more than200,000 tons of liquid hydrocarbons per year.   

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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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