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

August 30, 2013 - September 6, 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
Uzbekistan to build second stage of Bukhara Oil Refinery
Uzbekistan plans first solar plant
China to increase investment in Uzbekistan
Uzbekistan to build new mine to supply coal for planned synthetic fuel plant

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.

www.worldbulletin.net  

 

In 2013-2016 Uzbekistan will carry out construction of the second stage of Bukhara Oil Refinery worth $475 million, the information published on the website of the Ministry of Foreign Economic Relations, Investment and Trade (IBEC), said.

The project on the second stage envisages construction of facilities for the production of 960,000 tons of gasoline, 706,000 tons of diesel fuel and 250,000 tons of jet fuel of Euro-3 standard a year.

Within expansion of Oil Refinery it is also planned to construct installation designed for light naphtha isomerization unit with a capacity of 300,000 tons per year based on the existing capacity of the plant, and construction of fuel oil catalytic cracking unit (RFCC).

Preliminary construction cost is $475 million. Funding for the work will be carried out at own expense of Uzbekneftegaz NHC, foreign loans and investment, loans from the Fund for Reconstruction and Development of Uzbekistan.

The project is implemented within the framework of a program to increase the output of light oil products at the factory to 95 percent and the production of high-octane gasoline components by the standards of Euro-3 and above.

Bukhara Oil Refinery was launched in 1997. The target capacity of the oil refinery is 2.5mln tons of oil products a year. The plant produces high-quality types of gasoline (Ai-91, Ai 93, Ai-95), kerosene and diesel fuel.

In autumn 2009, the Bukhara oil refinery began mass production of jet fuel Jet A-1. Investments in construction of production line of new fuel type with capacity of 500 tons per day amounted to about $3 million.

Oil and gas condensate production in Uzbekistan is currently carried out at three refineries - Bukhara, Fergana and Altyaryk ("Altyaryk fuel production") with a total capacity of 11.12 million tons of oil annually. At present, these capacities are 60% full.

According to official statistics, in 2012 Uzbekistan reduced the production of liquid hydrocarbons by 11.6 percent - to 3.165 million tons. At the same time oil production fell by 17.4 percent - to 1.561 million tons, gas condensate - by 5.6 percent - to 1.604 million tons.

Gasoline production fell last year by 6.3 percent - to 1.226 million tons, kerosene - by 8.1 percent - to 304,500 tons, diesel fuel - by 2.9 percent - to 1.021 million tons, fuel oil - by 8.2 percent - to 255,200 tons, bitumen - by 8.1 percent - to 151,300 tons.

www.pv-magazine.com  

 

Uzbekistan is planning its first solar plant. The US$207 million 100 MW solar farm is slated for the Samarkand region, in the center of the country.

It is estimated the facility will produce up to 200 million kWh annually.

"The technical and economic parts of the project are being reconciled in the respective ministries of Uzbekistan," according to a press release from the Ministry of the Economy.

Uzbekistan's national Reconstruction and Development Fund will provide $107 million, $90 million will come from the Asian Development Bank (ADB) and state energy company Узбекэнерго - that will manage the project - will chip in $10 million.

The winner of the tender for building the plant will be announced by the end of the year with construction due early next year and Узбекэнерго aiming for completion by 2016.

The project is a part of the central Asian state's efforts to develop renewable capacity.

Uzbekistan president Islam Karimov, who has ruled the country since 1989 in defiance of the Uzbek constitution, signed into law a renewables act in March. The country's high solar irradiation levels mean the act focuses on solar energy with the sun predicted to account for 99.7% of the country's renewables capacity.

Before the law, Uzbekistan had carried out local renewables programs, including Clean Energy for auls (villages) in the Karakalpakstan region where small capacity PV projects were installed.

"It has proved to be very useful in securing 24-hour hot water and heating services in mostly remote locations," said Xodzamurat Kaipnazarov, head of the Karakalpakstan administration's Trade and Industry Chamber.

www.worldbulletin.net 

 

One of the important agenda items of negotiations with the leadership of Uzbekistan during the upcoming state visit of Chinese President Xi Jinping will be the exchange of views on expanding business and primarily direct investment cooperation, the Ambassador of China to Uzbekistan Zhang Xiao told the country's journalists.
He denied reports of some media outlets that China wants to 'freeze' its investment in Uzbekistan.
The scale of China's financing and crediting in Uzbekistan will only be increased, the diplomat noted.
According to him, Uzbek-Chinese economic and trade cooperation has been developing dynamically in the past 21 years since the establishment of diplomatic relations between the countries. Trade turnover between the two countries has now increased 50 fold compared to the early years of diplomatic relations. Just in the first seven months of 2013 it grew by 60 per cent to $2.54 billion which is equal to the level of 2011.
The ambassador stressed that the trade and economic relations of the two countries are exclusively equitable and mutually beneficial. Their fruitful development brings real benefits to both countries. There is no subjective or objective reason to slow down or even 'freeze' China's investments in the Uzbek economy, he noted.
As reported, Chinese President Xi Jinping will make his first visit to Uzbekistan during the first 10 days of September.

www.timesca.com 

 

Uzbekugol (Uzbek Coal), Uzbekistan's monopoly coal producer, in 2014 will start building a new mine at Apartak brown coal deposit in Tashkent region, the company said.

"Construction of a new mine at Apartak deposit will start in the beginning of 2014 and finish in 2016," the company said.
The project provides for construction of a new mine and accompanying infrastructure. The project will help increase coal production at the deposit from 176,000 tons in 2012 to 2.1 million tons in 2019. The $106.5 million project will be financed through loans from Uzbek banks.
The Apartak expansion project aims at supplying coal for a planned CTL (coal to liquid) synthetic fuel plant. The future plant is to process up to 700,000 tons of brown coal and produce up to 200,000 tons of fuel a year. A preliminary feasibility study for the project estimated to cost $700 million will be prepared until the end of this year.
Uzbekugol, which accounts for 98 percent of Uzbekistan's coal production, is currently developing the country's largest Angren brown goal deposit in Tashkent region with explored coal reserves of 1.9 billion tons.
Uzbekistan plans to modernize its coal industry and increase its coal production by 2021 to 17.2 million tons compared to 3.85 million tons in 2012.


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phone: 202.509.3744
 
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