American-Uzbekistan Chamber of Commerce

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In This Issue:
AUCC in the News: Recognizing commercial successes and business partnerships
April 21, 2016

The American-Uzbekistan Chamber of Commerce and its signature event, the US-Uzbekistan Annual Business Forum held in October 2015, were featured in the latest edition of TradeWinds published by the Office for Trade Promotion at the Ronald Reagan Building and International Trade Center.
To view the article, please click here.

Uzbekistan hiring American Executives to manage local industries
April 22, 2016

Employment opportunities are available for American executives interested in working in Uzbekistan in the following industries:

Uzbekneftegas (Uzbek Oil and Gas National Holding Corporation)

Other vacancies are available in:
Uzkimyosanoat (Uzbek Chemical Association)
Uzbekengilsanoat (Uzbek Textile Industry)
Uzagroprommashholding (Uzbek Agro-Industrial Association)
Uzbekistontemiryullari (Uzbek Railways)
Uzbek Ministry of Agriculture and Water Resources
Uzpahtaeg (Uzbek Cotton Export) 
Uzvinpromholding (Uzbek Winery)
Uzmetcombinat (Uzbek Metallurgy)
Uzstroymateriali (Uzbek Construction)

These high-level management opportunities, with beneficial conditions, were kindly presented by the Uzbek Embassy in Washington, DC. Please contact Kamol Muhtarov, the Embassy's Trade and Investment Counselor, for details.  

Cabinet of Ministers sums up the results of 2016 1Q
April 22, 2016

On 15 April the Cabinet of Ministers held a session, dedicated to the results of socio-economic development of the Republic of Uzbekistan in the first quarter of the this year and the appraisal of the implementation of the major directions and priorities of economic program for 2016, defined by the President of the Republic of Uzbekistan Islam Karimov at the governmental session on 15 January of the current year.  For details, please click here to download the document.  

$2.66 Bn Deal In Uzbekistan - Hyundai Engineering Starts Construction of Largest Gas Processing Complex in Uzbekistan
April 21, 2016

Hyundai Engineering Co. announced on Apr. 20 that it held a groundbreaking ceremony for the Kandym gas processing plant in Uzbekistan on the 19th. The total amount of the project is US$2.66 billion (3.01 trillion won) and Hyundai Engineering's portion is US$2.01 billion (about 2.28 trillion won).
The ceremony was attended by Vice President of Hyundai Engineering Sung Sang-rok, Prime Minister of the Republic of Uzbekistan Shavkat Mirziyoyev, President of PJSC Lukoil Vagit Alekperov and President of Lukoil Uzbekistan Operating Company (LUOC) Oleg Dyakonov.
The Kandym gas processing plant is to be built in the Kandym gas field, which is about 520 km southwest from Tashkent, the capital of Uzbekistan. Once the plant is completed, it will have an annual production capacity of 8.2 billion cubic meters, or 6.35 million tons, of natural gas. The figure accounts for 16 percent of 40.28 million tons of Korea's total annual gas consumption as of 2013.
The order had been placed by LUOC, which is a joint venture between Russia's Lukoil, one of the largest oil refiners in the world, and UNG, Uzbekistan's state-run oil and gas company. Hyundai Engineering will deliver engineering, procurement, and construction (EPC) for the project, and the construction will end in the first half of 2019. 
Hyundai Engineering obtained orders of front end engineering design (FEED) services for the Kandym gas field development in 2011. Based on this, the company won another project to build an early gas processing facility worth US$420 million (475.65 billion won) in the same region in 2013, and the construction is in its final stage. Through successful project completion, Hyundai Engineering was able to win the Kandym gas processing plant project in 2014, and the formal contract was inked in Feb. 2015.

LUKOIL builds gas processing plant in Uzbekistan
April 19, 2016

Russian company LUKOIL commenced construction works of Kandym gas processing plant in Uzbekistan, representative of Uzbekneftegaz, national holding company said on April 19.
Lukoil's president Vahid Alakbarov and Uzbekistan's Prime Minister Shavkat Mirziyayev attended the foundation laying ceremony on April 19, company representative said.
A gas processing plant with an annual production capacity of 7.819 billion cubic meters of commercial gas, 134,360 tons of stable condensate and 212,900 tons of elemental sulfur is planned to be constructed during the first phase of the complex construction and development of Kandym fields.
Construction of 77 planned wells, six multiple-well platforms, two gathering stations, gas pipeline, rotational camp and external infrastructure are also under consideration.
It provides improvement of 77 planned wells, the construction of six pads, two assembly points, the export gas pipeline, shift camp sites and.
The first phase of the project is scheduled to end in December 2018.
In 2014, LUKOIL Uzbekistan Operating Company LLC (operator of LUKOIL's projects in Uzbekistan) and a consortium led by Hyundai Engineering (South Korea) signed a contract on a turnkey basis for supplying equipment, construction of a gas processing plant and development of Kandym fields which is worth to $2,662 billion.
It is the largest investment project of LUKOIL in Uzbekistan. Total amount of investments to the project is estimated at over $3 billion.
LUKOIL implements Kandym project since 2004 together with Uzbekneftegaz NHC under Kandym-Khauzak-Shady-Kungrad PSA.
Kandim group includes six gas condensate fields such as Kandym, Kuvachi-Alat, Akkum, Parsankul, Khodzi and Western Khodzi. In autumn 2007, the production commenced at Hauzak site.
In addition, LUKOIL implements South-West Hissar project in Uzbekistan. The PSA contract on this project was signed In January 2007. Investments allocated to the project will exceed $1.2 billion, and the volume of gas production will be 4.2 billion cubic meters per year. The gas production was launched at the end of 2011 within the framework of Hissar project.
Moreover, LUKOIL participates in the development of the Aral block in Uzbekistan.
Total amount of natural gas extracted under LUKOIL's projects in Uzbekistan amounted to more than 32 billion cubic meters in January 2016.


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.
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phone: 202.509.3744
 
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