Breaking News

Asia Today ISSN 1861-4604 Friday, August 17, 2018

Headline

Forecast for hydrocarbon production in Uzbekistan by 2020 announced

The annual production will increase by 1.9 percent in 2019

Share on Facebook May 13, 2015, Reporter : Trend, Reader : 551

PHOTO CREDIT: Trend News Agency news

Tashkent, Uzbekistan, May 12 By Demir Azizov– Trend: The annual production of hydrocarbons in Uzbekistan will increase by 1.9 percent in 2019, compared to 2014, while the natural gas production will increase by 2 percent, according to the materials of Uzbekneftegaz national holding company.

The materials were made public during Uzbekistan International Oil & Gas Exhibition 2015 that opened in Tashkent May 12.

The data about the hydrocarbon production volume in Uzbekistan hasn’t been published in the past two years.

Uzbekistan reduced the oil production by 7.1 percent and brought it to 2.9 million metric tons in 2013, while the gas production was lowered by 2.6 and stood at 55.2 billion cubic meters, according to British company BP.

A program for development of Uzbekistan’s oil and gas industry for 2015-2019 has been worked out and submitted to the country’s leadership, according to Uzbekneftegaz.

The implementation of the program will ensure 468.7 million metric tons of increase in oil equivalent, including 365 billion cubic meters of increase in natural gas reserve, according to the materials of Uzbekneftegaz.

The capacity of Uzbekneftegaz currently allows producing around 70 billion cubic meters of natural gas and 8 million metric tons of liquid hydrocarbons per year.

Recoverable proven hydrocarbon reserve of Uzbekistan exceeded 2.5 billion metric tons of oil equivalent as of early 2015 and around 65 percent of this volume accounted for gas reserve.

More Euro Asia news of the month

Photos Entry of India, Pakistan into SCO to strengthen counteraction to terrorism

Tashkent, Uzbekistan, June 15 By Demir Azizov – Trend: The expansion of the Shanghai Cooperation Organization’s Regional...

Photos Uzbekistan studying prospects of joining TAPI

Tashkent, Uzbekistan, June 15 By Demir Azizov– Trend: Uzbekistan’s Uzbekneftegaz national holding company is studying the...

Photos Uzbekistan approves deal with French PSA Group on joint car production

Tashkent, Uzbekistan, June 14 By Demir Azizov – Trend: Uzbekistan’s President Shavkat Mirziyoyev has signed a decree to...

Photos FM: Uzbekistan attracts loans, investments worth $44B

Tashkent, Uzbekistan, May 29 By Demir Azizov – Trend: Uzbekistan has signed more than 320 trade and investment agreements and...

Photos ADB approves $80M loan for Uzbek railway electrification

Tashkent, Uzbekistan, Apr. 24 By Demir Azizov– Trend: The Asian Development Bank (ADB) has approved an $80 million loan for the...

Photos Uzbek Senate ratifies agreement on CAREC Institute establishment

Tashkent, Uzbekistan, Mar. 30 By Demir Azizov – Trend: The Senate (upper house) of the Uzbek parliament has approved a “Law...

Photos Uzbek, Chinese leaders reaffirm commitment to co-op

Tashkent, Uzbekistan, Jan. 5 By Demir Azizov – Trend: President of Uzbekistan Shavkat Mirziyoyev and Chinese President Xi...

Photos US leadership interested in development of ties with Uzbekistan

Tashkent, Uzbekistan, Oct. 30 By Demir Azizov– Trend: The US leadership is interested in consistent and stable development of...

Photos Uzbek acting president approved as presidential candidate

Tashkent, Uzbekistan, Oct. 19 By Demir Azizov – Trend: The Congress of the Movement of Entrepreneurs and Businesspeople –...

Flying Reimagined

Stock Index

Friday, August 17, 2018

Life Style

Photo Gallery

FEUILLETON