JSC “UZBEKNEFTGAZ” PLANS TO IMPLEMENT 24 INVESTMENT PROJECTS
In accordance with the State Program for geological exploration activities, it is necessary to increase the volume of natural gas reserves by 57 billion cubic meters, oil and condensate reserves – by 3,6 million tons due to discovery of new fields, in 2018. This was noted at the meeting that was held on January 25 under the chairmanship of President Shavkat Mirziyoyev.
In the current year, it is necessary to complete construction of 255 new wells and 26 new technological facilities, and overhaul 76 wells for ensuring production of 63 billion cubic meters of natural gas, 3 million tons of oil and condensate.
JSC “Uzbekneftgaz” plans to implement 24 investment projects for 2 billion 756 million dollars. These funds will be used for implementing such projects as construction and provision with modern technologies of Jizzakh oil refinery, equipping the second stage of Kandym gas processing complex and construction of Kandym group of deposits, production of liquid synthetic fuel in Shurtan gas chemical complex, exploration of the “25 years of Independence” field in Surkhandarya and development of its feasibility study. 9 of these 24 investment projects will be implemented this year.