American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:

June 14, 2013 - June 21, 2013
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2013 Marks AUCC 20th Anniversary

Since 1993 the American-Uzbekistan Chamber of Commerce has been at the forefront of advancing trade and business relations between the US and the Republic of Uzbekistan. AUCC prides itself in catering to the needs of our members, providing them with a platform to interact with policy makers in the US and the Republic of Uzbekistan and ensuring that bilateral commercial relations continue to be on the governments' top agenda.   

 

For the last twenty years AUCC has been a vigorous advocate of the views of the business community to ensure that private sector positions are considered during the development of policies that impact American businesses and the future of U.S.-Uzbekistan relations.    

 

We are delighted that today AUCC is a well-known organization that is recognized for its strength and ability to work closely with a great number of partner organizations. AUCC enjoys excellent working relations with the Embassy of the Republic of Uzbekistan in Washington, D.C., the Government of the Republic of Uzbekistan, Uzbek ministries, associations and organizations as well as the executive and legislative branches of the U.S. AUCC also coordinates its efforts with a great number of international financial institutions, business councils and other professional organizations.

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In This Issue:
AUCC IN BRIEF
Uzbek president approves agreement on protection of investments with Russia
LUKOIL company starts equipping fields in southern Uzbekistan with necessary facilities
First Gebr Pfeiffer raw mill for Uzbekistan
EU Special Representative to visit Uzbekistan again
Sasol Limited intends to reduce its stake in GTL-project in Uzbekistan

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://en.trend.az  

 

Uzbek President Islam Karimov has approved the Uzbek-Russian intergovernmental agreement on encouragement and mutual protection of investments.

The agreement was signed during President Karimov's official visit to Moscow in April this year.

According to the decree, the president instructed the Foreign Ministry to send a notification on Uzbekistan's implementation of the internal procedures necessary for the international treaty to come into force.

Russia is Uzbekistan's largest trading partner with a share of 29 percent of the country's trade turnover. As of 2012, Uzbekistan ranked fourth among the CIS countries in terms of bilateral trade turnover.

According to the State Statistics Committee, the trade turnover between Uzbekistan and Russia increased by 12.6 percent to 7.6 billion in 2012 compared to 2011.

At present, around 866 enterprises with Russian capital are operating in the country, including 721 joint ventures and 145 companies with full Russian capital. The representative offices of 102 Russian firms and companies have been accredited. Around 489 firms with participation of Uzbek residents have been created in Russia.

http://www.menafn.com  

 

"Lukoil Uzbekistan Operating Company" (operator of "LUKOIL" national company in Uzbekistan) has started providing "Gumbulak" and "Adamtash" gas fields with necessary facilities, as well as increasing the production in the Dzharkuduk-Yangi Kyzylcha field on the "Southwestern Hissar" block (Kashkadarya region, south of Uzbekistan), the company said.

According to the report, the major construction projects include a gas treatment unit with a capacity of up to 4.5 billion cubic meters of gas a year, a supporting base with an area of 15 hectares with a logistics warehouse, the fuel storage, utilities and a transformer substation.

Moreover, it is planned to drill more than 40 extractive wells, of which 10 have been already drilled, to build the external power supply lines, the raw materials collection system, tank gas pipeline at the fields.

Moreover, it is necessary to lay 132 km two-lane roads with a width of 8 meters and reconstruct 30 km of existing roads in accordance with the technical project to make them suitable for the heavy trucks with a load of up to 10 tons per axle and the weight of cargo up to 100 tons.

The facilities are planned to be commissioned in 2015. The total investment volume will hit more than 1.2 billion.

As of late 2012, the production volume reached 1.15 billion cubic meters of gas, while about 250 cubic meters in the first quarter of this year or 6 percent more than in the same period of last year.

The facilities with 'early gas' in the Jarkuduk-Yangi Kyzylcha field were put into operation within the project in December 2011.

According to the project, the fields reserves are estimated at 82.3 billion cubic meters and the maximum volume of production in the period of constant selection will exceed 4.2 billion cubic meters of gas per year.

In March 2008, LUKOIL Overseas, a subsidiary of Lukoil, concluded a 580 million deal on the purchase of SNG Holding Ltd., including Souyuzneftegaz Vostok Limited, a participant of PSA on development of fields in Southwest Gissar and Ustyurt regions of Uzbekistan.

LUKOIL is currently working in Uzbekistan on three PSA projects -Kandym-Khauzak-Shady-Kungrad and the development of the Southwest Gissar fields. It also conducts exploration of the Uzbek part of the Aral Sea within international agreements. At present, the accumulated gas production in the country exceeds 15 billion cubic meters.

http://www.cemnet.com 

 

Turkish company DAL Teknik Makina has placed an order for a Gebr Pfeiffer MPS 3350 B vertical roller mill for raw meal which is to be used for the manufacture of grey cement and white cement at a cement plant in Uzbekistan.
The grinding plant is scheduled to go on-stream as early as next year. The mill is guaranteed to achieve a raw meal capacity of 200tph for the production of grey cement. In terms of white cement production, the mill will be capable of processing 160tph of raw material. The installed power of the mill will be 1700kW.
This order marks Gebr Pfeiffer's first raw mill for Uzbekistan and further strengthens its market position in Central Asia.

http://en.trend.az  

 

EU Special Representative for Central Asia Ambassador Patricia Flor will visit Tashkent on Monday, the press service of the Uzbek Ministry of Foreign Affairs reported. According to the press service, Patricia Flor will hold talks with the Uzbek foreign minister and minister of agriculture and water resources, as well as hold meetings in the Senate - the upper house of the Uzbek parliament. The Special Representative will also discuss the issues of carrying out reforms in the sphere of human rights in Uzbekistan with the Ombudsman of Uzbekistan, Sayora Rashidova. The EU Council appointed Patricia Flor the Special Representative for Central Asia in June 2012. Her mandate will last till June 30, 2013. Patricia Flor first visited Tashkent as the EU Special Representative in July last year. During her stay in Uzbekistan Patricia Flor was received by President Islam Karimov, she also held talks in the Legislative Chamber of the Oliy Majlis (lower house of parliament) and the Ministry of Foreign Affairs of Uzbekistan. During the talks the sides discussed the state and perspectives of relations between Uzbekistan and the EU, the issues of providing stability and security in Central Asia, as well as other relevant topics.

http://www.menafn.com  

 

South African Sasol Limited has announced its intention to reduce its stake in the joint venture Uzbekistan GTL, operator of the plant for the production of synthetic fuels (GTL), from 44.5 percent to 25.5 percent by the end of completion of the drafting process (FEED) in connection with the growth of the company's portfolio and significant investment in the company's projects in South Africa.

Sasol chief financial officer Christine Ramon said the preparatory phase of the Uzbek project is going well and will be completed in the second half of 2013. She added that a final decision on the project will be made after identifying the sources of funding.

The project is currently under basic design development stage (FEED-2).

According to Ramon, Sasol Limited is considering various options for the company's participation in the authorized capital of the joint venture Uzbekistan GTL.

Thus, the project in Uzbekistan remains important for the development of Sasol Limited's GTL-portfolio and economic feasibility of the project is still reliable.

National Holding Company (NHC) Uzbekneftegaz, South African Sasol and Malaysia's Petronas signed the founding documents to establish the joint venture Uzbekistan GTL for the construction of GTL-plant for the production of synthetic fuel based on the Shurtan Gas Chemical Complex (Kashkadarya region, south of Uzbekistan) in November 2009.

Currently, the shares of Sasol and Uzbekneftegaz NHC in the joint venture are at 44.5 percent, Petronas -- 11 percent.

The plant will process 3.5 billion cubic meters of gas and produce 863,000 tons of diesel fuel, 304,000 tons of jet fuel, 395,000 tons of naphtha and 11,200 tons of liquefied gas. The project's feasibility study is undertaken by the French Technip. The construction period is five years.

Methane, coming from Shurtan in the amount of 3.5 billion cubic meters, will be used as the raw material for the production of fuel.

Funding for construction of the plant at 4.1 billion will be financed through equity of the joint venture founders and loans from consortium of banks and financial institutions.


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phone: 202.509.3744
 
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