Uzbekistan expects $ 2.07 billion in Foreign investment in the oil and gas industry

Russia and Uzbekistan: oil and gas cooperationIt is expected that in 2015, Uzbekistan will get $3.5 billion in foreign investments, the newspaper “New Age” reported with reference to the President of Uzbekistan Islam Karimov anoncement.
According to the newspaper, under the guarantee of the government it is expected to invest $2.29 billion in 35 projects in the energy sector. Of these, at the expense of direct investment by foreign companies it is planned to invest $ 2.07 billion in 15 projects in the oil and gas industry, “- report says.

According to IA REGNUM, according to the Ministry of Economy of Uzbekistan, the Republic has increased the volume of foreign investments in January-September 2014 to $2.1 billion, which is 19% more than in the same period of 2013.
Over the past 5 years Russian companies invested about $ 6 billion in the Uzbek economy.

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About Ahmed Islamov

I was born and raised in Uzbekistan and lived in that country for about two thirds of my life. I left the country about 14 years ago but sustained tight bonds with my family and friends living there. I know and communicate personally with hundreds of people including blue-, white- or pink-collar workers. I am naturally very attached to and concerned with everything that is going on there.
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