25.04.2019.
The Russian company “LUKOIL” plans to invest about $ 2 billion for the development of existing projects. This was stated by the president of PJSC LUKOIL, Vagit Alekperov.
This was reported by the press service of the Ministry of Energy of Uzbekistan.
On April 25, 2019, a visiting meeting of the Board of Directors of PJSC LUKOIL in Bukhara was held. It was attended by the President of PJSC "LUKOIL" Vagit Alekperov and the Minister of Energy of the Republic of Uzbekistan Alisher Sultanov.
As Vagit Alekperov, President of PJSC LUKOIL, noted, the investment climate in Uzbekistan has changed dramatically over the past two years.
Alekperov said :“We have been working here since 2003 and today, of course, the changes that are taking place in the government’s pool, changes in monetary policy, in the energy market lay the foundation for very dynamic growth. The growth rates that we see, which is 6-7% of annual GDP growth. They are simply amazing. Therefore, we are happy that we are a part of this process. And I once again want to emphasize that LUKOIL is set up for new investments, for new geological exploration, which we are starting on the territory of the country and are confident that all this will dynamically develop”
He also stressed that LUKOIL plans to contribute about $ 2 billion for the development of existing projects, where the company still has a large investment cycle. Investments, in particular, will be focused on measures to prevent a decline in future production at both the Gissar field and the Kandym group field.
As it is known in this particular region of Uzbekistan, LUKOIL, together with its Uzbek partners, is implementing one of its priority projects to develop the Kandym group of fields. The key object of this large-scale project is the Kandym gas processing complex, one of the largest in Central Asia.
