Uzbekistan is one of the core regions of LUKOIL’s operations. For years the company has been consistently expanding its presence in the region and is currently one of the largest investors in Uzbekistan
Tashkent, November 25 - Neftegaz.RU.
The company announced that the cumulative natural gas production reached 100 bcm at the projects implemented by LUKOIL in Uzbekistan
This mark became a notable achievement on the eve of LUKOIL
LUKOIL is a key investor
to the oil & gas sector of Uzbekistan.
Russian oil giant is the 6th
largest taxpayer in Uzbekistan, its total investment across all projects in the country
today stands at around $ 8 billion.
Its main projects include the Kandym gas processing complex with an annual capacity of over 8 bcm of natural gas, South-West Gissar and Ustyurt Region fields development.
The company’s strategic partner in these projects is the National Holding Company Uzbekneftegaz
The bulk of this gas (over 70%) was extracted at the Kandym-Khauzak-Shady fields in the Bukhara region.
In 2008, the Khauzak-Shady field reached its projected production rate of 4 bcm per year.
In 2017, LUKOIL commissioned the Kandym Gas Processing Complex with the annual capacity of 8.1 bcm of gas per year.
The complex is designed to convert sulphurous gas into marketable gas, stable gas condensate, and block sulphur
LUKOIL operates in Uzbekistan under 2 PSA
´s: for the Kandym-Khauzak-Shady project and South-West Gissar
The company conducts field development and well site construction, as well as natural gas
extraction, its treatment and conversion to marketable gas.
The gas produced in Uzbekistan by LUKOIL is in demand both in national and international markets.