American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
March 7, 2014 - March 14, 2014
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2014 Opens a New Era for the Chamber
  

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.  While 2013 concluded our celebrations for the 20th anniversary it also opened a new era for the chamber and our members.

 

We are delighted that today AUCC continues to be 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.

 

We thank you all for your support and engagement and look forward to another year of progress and business successes.  

 

If your company is interested in joining AUCC, please contact our office at 202-509-3744 or [email protected]  We invite you to be part of our organization and participate in our activities and events.   

 

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In This Issue:
AUCC IN BRIEF
WB to assist Uzbekistan in e-state system development
Uzbekistan to complete further development of two gas fields in 2014
NGMK to invest US$26m to development gold-ore field Charmitan
Czech Airlines updates schedule of Prague-Tashkent flights

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.

azernews.az  

 

March 10, 2014

 

The World Bank (WB) will assist the Uzbek Republican Commodity Exchange (UZEX) in development and improvement of an electronic public procurements mechanism, based on the international experience.

The agreement was reached following the visit of the WB mission on e-public procurements, headed by chief procurement specialist for Europe and Central Asia, Nagaraj Dutaluri.

The mission examined the electronic public procurements trading system at the UZEX. The WB mission visited Uzbekistan in early this week.

The electronic public procurements trading mechanism was introduced in the stock exchange in April 2011.

The electronic state procurements increased by 20 percent - up to 416.8 billion soums in 2013, according to the exchange.

Budget savings through decreasing the prices during the electronic trading process stood at 83.1 billion soums, while over 83 percent of the goods supplies, works and services within the public procurements accounted for small businesses.

UZEX was established in Uzbekistan in April 1994 and currently owns 126 trading platforms, including 27 - in the regional centers, and 98 - in country's cities and districts.

The total volume of deals made at all trading platforms of UZEX, increased by 24.1 percent in 2013 as compared to figures for 2012, and amounted to 7.1 trillion soums, according to the exchange.

The volume of exchange trade also increased by 20.1 percent - up to six trillion soums, exhibition and fair trades - by 60.2 percent (up 693.9 billion soums) and electronic public procurements trading - by 20 percent (up to 416.8 billion soums).

en.trend.az  

 

March 11, 2014

  

Uzbek National Holding Company Uzbekneftegaz will complete further development of two projects in the Kashkadarya region ( south of Uzbekistan ), Alan gas field and Shurtan (Kashkadarya province) gas condensate in 2014, a source in government circles told Trend on March 10.

Total project cost is estimated at $364.34 million, including a project on the further development of Alan field with the construction of a booster compressor station at a cost of $178.34 million, and a project of further development of Shurtan field with the construction of the booster compressor station-2, costing $186 million.

The financing of the projects is implemented at the expense of Uzbekneftegaz`s own funds and the credits of Fund for Reconstruction and Development of Uzbekistan. The FRDU allocated $53.49 million for the Alan gas filed project and $ 53.37 million for the other project.

Implementation of the projects will bring the gas production of Alan to five billion cubic meters and production of Shurtan up to 4.3 billion cubic meters of gas and 136.500 tons of condensate annually.

Both fields were commissioned in the second half of 1970s. Fields` reserves are not disclosed.  At present, Uzbekneftegas actively implements increasing of hydrocarbons production in a number of fields.  Earlier it was reported that Uzbekneftegaz completed a project for further development of the Samantepe and South Urt-Bulak fields with the construction of a booster compressor station and "South Urt-Bulak - Mubarek Gas Processing Plant" pipeline at the cost of $ 310 million in 2013.

It is scheduled to implement projects for further development of oil and gas fields at total cost of $2.35 billion in Uzbekistan by the end of 2020.

Uzbekneftegaz is the monopoly operator of the oil and gas sector of Uzbekistan. The company was established in 1998 and comprises six joint stock companies.

Uzbekistan holds third place among the CIS countries for the production of natural gas and is among the ten largest gas-producing countries in the world. Every year, the country produces more than 60 billion cubic meters of natural gas, about 25 percent of which is exported.

uzdaily.com  

 

March 7, 2014

  

Navoi Mining-Metallurgy Combine (NGMK) is planning to invest US$26 million of own resources to develop gold-ore field Charmitan in Samarkand region, RIA Novosti reported quoting source in combine on Thursday.

The project envisages to mining and process horizons for 660 meters and 600 meters in the central part of the field in 2014-2016. Charmitan is a part of the resource base of the hydrometallurgical plant-4 (HMP-4) in Zarmitan (Samarkand region).

Earlier reported, NGMK will invest US$112.3 million to increase gold production at HMP-4. The programme will help to increase processing capacities by 30% - to 1.8 million tonnes of ore a year.

Construction of HMP-4 with the cost of US$330 million was started in 2007. The project envisages utilization of Charmitan, Gujumsay and Promejutochnoye fields, as well as construction of gold extracting capacities for 10 tonnes of gold a year.

Currently, the capacity of the complex makes up 1.4 million tonnes of ore a year. The project is financed due to own resources of NGMK and loans of the Fund for Reconstruction and Development of Uzbekistan.

uzdaily.com  

 

March 11, 2014

  

Czech Airlines (ČSA) will conduct its flights from Prague to Tashkent on Mondays and Thursdays from 3 April 2014, the Embassy of the Czech Republic in Uzbekistan said.

In line with summer schedule, the airplanes of the Czech Airlines will fly from Prague at 23:50 and land in Tashkent next day at 8:30. The flight time is 5 hours and 40 minutes.

The flight from Tashkent will leave for Prague at 10:00 and arrive in Prague at 13:15. The flight time is 6 hours and 15 minutes. The flights will be conducted on Tuesdays and Fridays.

Czech Airlines will complete its summer navigation on 23 October 2014.


CONTACT INFORMATION:aucc logo
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