LUKoil Russia’s oil giant to start Uzbekistan projects in 2013 December 28, 2012 - 21:03 AMT PanARMENIAN.Net - Russia's largest privately-owned oil company LUKoil will launch the active phase of its projects in Uzbekistan in 2013, LUKoil Overseas head Andrei Kuzyayev said on Friday, December 28, according to RIA Novosti. “The peak of investment activity for current projects in Uzbekistan is expected in 2013-2017,” Kuzyayev said. According to Uzbekistan’s 2013 state investment program, LUKoil plans to invest $678.5 million in its projects in the Central Asian country next year, including 392.3 billion for projects at the Kandym gas field in the Bukhara District and gas prospecting at the Ustyurt Plateau A total of $286.2 million will be invested in developing deposits at the Gissar Range. Along with the Kandym and Gissar project, LUKoil is also a member of an international consortium carrying out geological prospecting in the Uzbek part of the Sea of Aral. LUKoil has already extracted 15 billion cubic meters in Uzbekistan, with an estimated 2012 output of 4.1 billion cubic meters. The company has invested more than $2 billion in its projects in the country.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Cyprus parliament honors Armenian genocide victims  Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham).Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |
