Uzbekistan news for August 06, 2010

In this issue:

2 Corporate news
2 Uzagrosugurta directs part of net income to raise charter capital
2 Ipak Yuli Bank to place about 5bn soums
2 Alokabank to issue corporate bonds for 3bn soums
2 Dealers of GM Uzbekistan receive regulation on excise tax payment
3 Industry news
3 Uzbekistan adopts regulation on order of tax payment for use of interior for utilized flare gas
3 Petronas to compensate expanses of Uzbekistan for US$50m
3 Global wheat production forecast to be lower than expected
4 Politics and Economics
4 State Demonopolization Committee holds session to sum up 1H 2010
4 Upcoming events
5 UzSE
6 Tenders list
7 Expert’s opinion
9 AFS Life Style
10 AFS Research productline
11 AFS Research services

Petronas to compensate expanses of Uzbekistan for US$50m

Malaysia’s Petronas Carigali Overseas Sdn.Bhd. will compensate expenses of Uzbekistan at the size of US$50 million.
Prime Minister of Uzbekistan Shavkat Mirziyayev signed a resolution of the Cabinet of Ministers “On measures on ordering mechanisms of payment of the government expanses within the realization of Product Sharing Agreement (PSA) in relation to Urga, Kuanish and Akchalak deposits of Ustyurt region group in Uzbekistan”.
(http://www.uzdaily.com/articles-id-11033.htm)

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