Uzbekistan news for February 04, 2010

In this issue:

2 Corporate news
2 Lukoil starts to develop Kandym field
2 Petrovietnam's PVEP signs oil deal with Uzbekistan
2 Eurasia participates in reinsurance of Uzbek textile firms’ risks
2 Last week’s major legislation news
3 Industry news
3 Uzbekistan modernizes Kungrad compression station
3 3G service becomes more accessible for MTS Uzbekistan subscribers
4 Politics and Economics
4 Lee, Karimov to discuss 'New Silk Road' project
4 Upcoming events
5 UzSE
6 Tenders list
7 AFS Research productline
8 AFS Research services
 

Petrovietnam's PVEP signs oil deal with Uzbekistan
 

Petrovietnam Exploration Production Corp (PVEP), part of state oil group Petrovietnam, is to invest $30 million to look for oil and gas in Uzbekistan.
PVEP said in a statement it signed a contract with state firm Uzbekneftegaz on Jan. 29, under which PVEP would drill three wells for exploration over the next five years in the Kossor bloc covering 5,500 sq km (2,124 sq mile).
The deal with Uzbekneftegaz brought the number of projects PVEP is involved in to 56, including 22 in foreign countries, PVEP said.
The contract "opens great opportunities for Vietnam to penetrate the high-potential field of oil and gas in Uzbekistan in particular and Central Asia as a whole", PVEP said. (Reuters)
 

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