Tashkent, Uzbekistan (UzDaily.com) – Investment projects are being implemented within the framework of the Decree of the President of the Republic of Uzbekistan “On approval of the investment program of the Republic of Uzbekistan for 2022-2026 and the introduction of new approaches and mechanisms for managing investment projects”.

It should be noted that this year, within the framework of 10 investment projects totaling US$5.9 billion, implemented by Uzbekneftegaz, it is planned to use US$1,090.5 million from all sources. Of these, 840.6 million dollars are foreign investments and loans.

According to the results of the first quarter of 2022, US$236.3 million of investments were disbursed within the framework of projects. If we compare this indicator with the current period of 2021, then the growth was 142.5 percent.

This year, 50.9% of investments will be directed to the production and preparation of hydrocarbons, 32.1% - to the processing of hydrocarbons, 12.8% - to exploration and drilling of wells, 4.2% - to projects for the implementation of work on a new construction, modernization and reconstruction.

In December 2021, in Guzar district of Kashkadarya region, the project "Expanding the production capacities of the Shurtan gas chemical complex" was launched for a total amount of about 1.8 billion dollars.

The project stipulates the processing of synthetic naphtha and the production of an additional 380,000 tons of high-value new grade polyethylene and polypropylene. This will increase the existing production capacity of the complex by 3 times. The project will be launched in 2024.

To increase the production of hydrocarbons, a program for 2017-2021 is being implemented for a total of US$3.0 billion. As part of the first stage of the program, drilling operations were completed at 296 wells and workover was carried out at 328 wells.

As part of the second stage, 152 wells were drilled out of 185. Also, a block-modular air compressor unit was commissioned at the Garbiy field, compressor stations at the Somontepa, Alan and Zevarda fields, a complex gas treatment unit at the Arslan field”, 6th stage of the installation for gas purification from sulfur compounds at the Uchkir field and a compression compressor station.

As a result of the implementation of a set of measures, the volume of produced natural gas increased by 30.2 billion cubic meters, oil - by 182.1 thousand tons, gas condensate - by 902.2 thousand tons.

Within the framework of this program, this year it is planned to complete the construction of 2 compressor stations at the Denizkul and South Tandyrcha fields with a total cost of 161.9 million US dollars, as a result of the commissioning of facilities, an additional 470 million cubic meters of natural gas will be annually produced and 27 new jobs.