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Uzbek-Korean Business Forum. 8 th of May 2007, Tashkent, Uzbekistan. Current environment and perspectives of cooperation in energy sector of the Republic of Uzbekistan Mr. Shavkat Majitov First Deputy Chairman, National Holding Company “UZBEKNEFTEGAZâ€. HISTORICAL DATES.
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Uzbek-Korean Business Forum 8th of May 2007, Tashkent, Uzbekistan Current environment and perspectives of cooperation in energy sector of the Republic of Uzbekistan Mr. Shavkat Majitov First Deputy Chairman, National Holding Company “UZBEKNEFTEGAZ”
6 joint-stock companies UZBEKNEFTEGAZ National Holding Company (exploration, drilling, production, refining, processing, transportation, sales) 190 subsidaries total 134 000 employees
OIL & GAS PRODUCTION TODAY THE LEVEL OF HYDROCARBON PRODUCTION IS 33% HIGHER THAN THE REACHED ONE IN 1991
Exploration & Development 193hydrocarbon fields have been discovered in the Republic of Uzbekistan. 93fields are under the development. 67are prepared for development. On the other 33field exploration works are being done
Refinery & Processing of Oil&Gas FERGHANA REFINERY (1958) rehabilitated in 2000 MUBAREK GAS PROCESSING PLANT (1971) SHURTAN GAS PROCESSING PLANT (1980) BUKHARA REFINERY (1997) SHURTAN GAS CHEMICAL COMPLEX (2001)
Gas Transportation System TOTAL LENGTH OF THE MAIN PIPELINES MORE THAN 13 000 km QUANTITY OF COMPRESSORS MORE THAN 250
Legislation on Investments The Foreign Investments Law The Law on Guarantees and Measures on Protection of Foreign Investors The Production Sharing Agreements Law The Investment Activity Law The Subsoil Law
LOCATION OF INVESTMENT BLOCKS IN THE TERRITORY OF THE REPUBLIC OF UZBEKISTAN
NEW PROJECTS (2005-2007) PSA between Republic of Uzbekistan and UNG, LUKOIL Overseas, PETRONAS Carigali, CNPC International, KNOC for exploration Uzbek part of Aral Sea New Gas Chemical Complex Nukus Usturt Namangan Urganch Andijan Tashkent Gazli Ferghana Bukhara V Ferghana Samarkand Buhara-Khiva UNG & CNPC signed an exploration contract for 4 investment blocks Surkhandarya Oil Tech E&P Singaporedevelopment project III South-West Gissar Joint Study of UNG and PETRONAS Termez
NAMAGAN-TERGACHI & CHUST-PAP PROJECT • Location: • Namangan region • Total area: • Chust-Pap – 2000 sq.km; • Namangan-Tergachi – 2800 sq.km • Minimum Work Program: • Chust-Pap: • – 1500 km 2D seismic • – drilling of 2 wells • Namangan-Tergachi: • – 1000 km 2D seismic • – drilling of 3 wells • Estimated investments: • Chust-Pap – $ 25 M ; • Namangan-Tergachi – $ 25 M
UZUNKUI-TUARKYR PROJECT • Location: • Ustyurt region • Total area: • 9300 sq.km • Minimum Work Program: • - 3840 km 2D seismic • - drilling of 6 wells • Estimated investments: • $ 62.4 M
UNG-KDB Cooperation CO-FINACING OF 2 PROJECTS $30 M PAMUK COMPRESSOR STATION PROJECT DENGIZKUL COMPRESSOR STATION PROJECT OTHER LENDERS: 1. Fund of Reconstruction & Development of Uzbekistan 2. Uzpromsrtoybank
SURGIL PROJECT • Location: Karakalpakstan • Muynak region • Objectives: • - Development of Surgil Field • - Construction of Ustyurt Gas • Chemical Complex • PE = 362.000 tons/year • PP = 83.000 tons/year • Estimated Investments: • ~ $ 1.5 Billion
Business Opportunities • Creating Joint Ventures in different areas of oil & gas business • Loans and Insurance • Alternative sources of energy (e.g. biomass, biofuel, GTL) • Energy Conservation
OIL&GAS of Uzbekistan OGU - 2007 OGU - Uzbekistan International Oil & Gas Exhibition & Conference 15-17 May 2007, Tashkent, Uzbekistan
“UZBEKNEFTEGAZ” National Holding Company 21, Akhunbabaeva str., Tashkent, 700047 Republic of Uzbekistan tel: (+ 99871) 133 57 57 (+ 99871) 136 02 10 fax: (+ 99871) 136 77 71 http: www.uzneftegaz.uz