American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
 
July 4, 2014 - July 11, 2014
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AUCC 20th logo

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 info@aucconline.com.  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
Uzbek President receives Turkish FM
Uzbekistan, China to hold next round of political consultations
LUKOIL invests US$133m into exploration and mining in Uzbekistan in 1Q
"Uzbekenergo" for the first half-year produced 23 billion kWh of electricity

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.

uzdaily.com  

 

July 10, 2014

 

President of Uzbekistan Islam Karimov received Minister of Foreign Affairs of the Republic of Turkey Ahmet Davutoğlu at the presidential residence Oqsaroy in Tashkent on 10 July 2014.

Minister of Foreign Affairs of the Republic of Turkey Ahmet Davutoğlu arrived in Uzbekistan on 10 July with three-day official visit.

The press service of the President of Uzbekistan said that Islam Karimov underlined that current meeting provides good opportunity to consider current state of the Uzbek-Turkish relations and exchange views on priority directions in the further consolidation of bilateral cooperation.

It was underlined that Uzbekistan and Turkey have historically been tied by a cultural, linguistic and spiritual community as much as a joint experience of equal and mutually advantageous interaction in the trade-economic and other areas.

Ahmet Davutoğlu expressed his gratitude for warm welcome and conveyed a deep respect to the President and the people of Uzbekistan on behalf of Turkey's leadership. He confirmed aspiration of Turkey to lift bilateral relations to a higher level.

The sides discussed wide range of regional and international issues, including situation in Afghanistan, as well as other issues of mutual interest.

Turkey is currently one of five largest foreign trade partners of Uzbekistan. Bilateral trade turnover rose by 10.5% year-on-year in 2013 - to US$1.347 billion.

Currently, over 485 enterprises with Turkish capital are operating in Uzbekistan.

trend.az  

 

July 10, 2014

 

The next round of political consultations between the foreign ministries of Uzbekistan and China will be held in Beijing on July 11, according to Uzbekistan's Foreign Ministry.

The Uzbek delegation will also take part in the third meeting of the subcommittee on cooperation in the sphere of security of the Uzbek-Chinese intergovernmental committee on cooperation.

The first meeting of the Uzbek-Chinese intergovernmental committee on cooperation took place in Beijing Oct.25-26, 2011.

The committee is aimed at coordinating and intensifying the multifaceted bilateral cooperation. Six subcommittees on the key spheres of Uzbek-Chinese cooperation (security, transport, science and technology, high technology, telecommunications, agriculture and tourism) have been created with this purpose.

Currently, the relations between the two countries develop in all spheres under the joint declaration on the establishment of strategic partnership signed during the first state visit of Chinese President Xi Jinping to Uzbekistan in September, 2013.

The bilateral trade volume between the two countries increased by 1.5 times in 2013, compared to 2012, and stood at $5.2 billion.

uzdaily.com  

 

July 8, 2014

 

Russian oil company LUKOIL invested US$133 million into exploration and mining in Uzbekistan in the first quarter of 2014, the company's financial report said.

According to Russian firm, the volume of capital expenses to exploration and mining in Uzbekistan grew from $96 million in January-March 2013 to US$133 million in the same period of 2014. The growth rate made up 38.54% year-on-year.

Currently, LUKOIL implement three product-sharing agreements in Uzbekistan - Kandym-Khauzak-Shady-Kungrad, Southern-Western Gissar and exploration of the Uzbek part of Aral. So far, LUKOIL produced over 20 billion cubic meters of gas in Uzbekistan.

The company will produce about 17-18 billion cubic meters of gas a year in Uzbekistan by 2020.

uzreport.uz  

 

July 10, 2014

 

"Uzbekenergo" State Joint-Stock Company summarized the work for the first half of 2014. Thus, according to the company, the growth rate of production made 100.4%. Electricity supply made 23 billion kW/h or 101.2%. An export of goods and services was finished by 123.3%.

Task for the production of localized products based on local raw materials at the company performed at 104.4%.

In accordance with the Decree of the President of the Republic of Uzbekistan "On the investment program of the Republic of Uzbekistan for 2014" implementation of large investment projects are carried out.

Implementation of projects on construction of combined-cycle plant is carried out in a number of thermal power plants, particularly at Talimarjan, Tashkent, Navoiy stations.

In addition, full-scale modernization of 2 units of Syrdarya TPS is being implemented. Currently a supply of equipment to TPS is being carried out by the main supplier.

Following construction works are being implemented within the projects for the power supply development:

- 500 kV "Syrdarya TPS - Novo-Angren TPS" contract for the supply of equipment and materials, construction and installation works are being carried out;

- Tender for the supply of equipment is held on the external power supply facilities of Ustyurt GCC a, an evaluation of the technical proposals is completed. Building and assembly jobs are being held on-site;

- To modernize and upgrade of 0,4-6-10-35 kV electrical networks, current lines totaling 370 km of length and over 300 sets of transformer substations are built.

Enterprises of the company are working on the implementation of advanced electricity meters.

On the construction of a solar power plant project in the Samarkand region, a loan agreement was signed between Uzbekistan and ADB and approved the feasibility study.

Within the «Year of a healthy child" State program a sectoral program aimed at improving the supply of the population, further improving the quality of life of workers and the energy industry has been developed.

Costs for implementation of measures to the above mentioned program for the first half-year amounted to 1.8 billion soums.

Within the food program produced 10.95 tons of meat, 369.62 tons of milk, 155 tons of dairy products, and 308.5 tons of vegetables, including 235.4 tons of cucumbers and 73.1 tons of tomatoes.


CONTACT INFORMATION:aucc logo
The American-Uzbekistan
Chamber of Commerce
 
1300 I Street, N.W.,
Suite 720W
 
Washington, DC 20005
 
phone: 202.509.3744
 
info@aucconline.com

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