LUKOIL directs 5.96bn rubles into exploration and mining in Uzbekistan

According to the Russian company, the volume capital expenses for exploration and mining in Uzbekistan grew from 9.956 billion in January-March 2015 (about US$160 million) to 5.956 billion rubles in the same period of 2016 (-40.18%).

Currently, LUKOIL implement three product-sharing agreements in Uzbekistan – Kandym-Khauzak-Shady-Kungrad, Southern-Western Gissar and exploration of the Uzbek part of Aral. So far, LUKOIL produced over 32 billion cubic meters of gas in Uzbekistan.

The company will produce about 17-18 billion cubic meters of gas a year in Uzbekistan by 2020.