• 5 minutes Iran Says It Arrested 17 CIA Spies, Some Sentenced To Death
  • 9 minutes Will We Ever See 100$+ OIL?
  • 13 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 48 mins Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 14 hours Oil Giant Saudi Arabia Is Set to Start First Wind-Power Plant
  • 25 mins Renewables provided only about 4% of total global energy needs in 2018
  • 8 hours How is E&P of Marginal Oil on the UKCS Similar to the Shale Oil Operations in the US?
  • 1 hour So You Think We’re Reducing Fossil Fuel? — Think Again
  • 1 hour N.Y. Governor Signs Climate Bill
  • 9 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 12 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 3 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 24 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 23 hours Today in Energy
  • 19 hours Which is a better domain name for OAPEC?
  • 16 hours Shale Oil will it self destruct?
Russia’s Oil Output Rebounds From Three-Year-Low

Russia’s Oil Output Rebounds From Three-Year-Low

Russia’s oil production in the…

Will The U.S Gas Glut Cap Oil Production?

Will The U.S Gas Glut Cap Oil Production?

The gas flaring crisis in…

Uzbek Natural Gas Project to Receive Equipment from Malaysian Companies

Malaysia’s KNM Group BHD and Russia’s Lukoil Uzbekistan Operating Company have signed $71.63 million contracts with the Uzbek government for equipment supply.

The majority of Uzbekistan’s prospected oil fields are operated by state-owned oil and gas group Uzbekneftegaz, which is seeking to form joint venture partnerships with international companies to boost its out from its current level of roughly 105,000 barrels per day.

Oil consumption between 2010 and 2019 is set to increase by 55.1 percent, with growth averaging an assumed 5.0 percent per annum towards the end of the period
In May KNM Group BHD won a tender to supply equipment for the country’s Qandim-Hauzak-Shodi project, while in 2007 began natural gas production in Uzbekistan as part of the Qandim-Hauzak-Shodi-Qugirot production sharing agreement, which was signed in 2004 for a period of 35 years, Tashkent UzDaily.uz website reported.

Lukoil already has a presence in Uzbekistan –last month Russian Lukoil president Vagit Alekperov said that his company intends to develop alternative energy projects in Uzbekistan, commenting that Lukoil in partnership with the government of Uzbekistan and the Asian Development Bank was planning to construct Uzbekistan’s largest solar energy plant, which will have an initial capacity of 100 megawatts, to be expanded eventually to 1,000 megawatts.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play