(RFE/RL)
8 December 2005 -- Uzbekistan will in 2006 sign a production-sharing agreement with an international consortium to develop its oil and gas sector.
Agence France Presse quotes Umidjon Israilov, head of the foreign investment department at Uzbekneftegaz, Uzbekistan's state-run energy company, as saying that the deal is worth $280 million.
Israilov said the deal is to be signed in March 2006.
Uzbekneftgaz, Russia's LUKoil, the China National Petroleum Corporation, and Malaysian and South Korean firms signed a consortium agreement earlier this year. The consortium is to set up exploration projects in Uzbekistan's western Ustyrt region.
(AFP)
Israilov said the deal is to be signed in March 2006.
Uzbekneftgaz, Russia's LUKoil, the China National Petroleum Corporation, and Malaysian and South Korean firms signed a consortium agreement earlier this year. The consortium is to set up exploration projects in Uzbekistan's western Ustyrt region.
(AFP)