PRESENTATION OF NEW PROJECT

“LUKoil Holding Overseas Ltd” Representation Office in Tashkent has held a presentation of the investment project on the complex assumption of local oil and gas fields. The event focused on the project’s feasibility study and production sharing agreement. National Holding Company “Uzbekgazneft” has also been included to the consortium of investors, as well. The companies will do joint work in “Xauzak”, “Shadi”, and «Kandim group” fields.

The project demanding one billion US dollars of investments implies extraction of 8.8 cubic meters of gas annually including 2-2.5 m3 at the first stage.