Uzbekneftegaz

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Uzbekneftegaz
Type State owned
Industry oil and gas exploration and extraction
Founded 1992
Headquarters Tashkent, Uzbekistan
Key people Shokir Fayzullayev, Chairman of the Management Committee; Gulomjon Ibragimov, Chairman of the Board
Products petroleum products, petrochemicals
Revenue Green Arrow Up.svg US$2 billion (2004)
Employees 124,000 (2008)
Website http://www.ung.uz

Uzbekneftegaz (NHC "Uzbekneftegaz" (National Holding Company), Uzbek: "O`zbekneftgaz" MXK (Milliy Xolding Kompaniyasi), Russian: НХК "Узбекнефтегаз" (Национальная Холдинговая Компания)) is a state-owned holding company of Uzbekistan's oil and gas industry.

Contents

[edit] History

Uzbekneftegaz was established in 1992. In 1998, it was transformed into national holding company.

[edit] Operations

Uzbekineftegaz leads a consortium of Korea National Oil Corporation, China National Petroleum Corporation, Lukoil and Petronas exploring and developing gas condensate fields in the Aral Sea.[1] Uzbekneftegaz and consortium led by the Korea Gas Corporation develop the Surgil gas field, containing about 133 billion cubic meters of natural gas, and build a chemical plant.[2] Together with another Korean company, Korea National Oil Corporation, Uzbekneftegaz explores Namangan-Tergachi and Chust-Pap oil fields in eastern Uzbekistan.[3] In August 2008, Uzbekneftegas signed a cooperation agreement with Petrovietnam.[4] It also cooperates with Lukoil in the Kandym-Khausak-Shady-Kungrad project to develop several natural gas fields in Uzbekistan.[5][6]

Uzbekneftegaz together with China National Petroleum Corporation is building an Uzbek section of the Central Asia–China gas pipeline.[7] They also have a joint venture for developing the Mingbulak oilfield.[8]

Together with Sasol and Petronas, Uzbekneftegaz develops Uzbekistan GTL, a gas-to-liquids (GTL) project.[9][10]

[edit] References

  1. ^ "Group charts Aral Sea course". Upstream Online (NHST Media Group). 2006-08-30. (subscription required). http://www.upstreamonline.com/live/article118247.ece. Retrieved 2009-07-19. 
  2. ^ "Kogas ‘eyeing Uzbek gas field’". Upstream Online (NHST Media Group). 2008-02-22. (subscription required). http://www.upstreamonline.com/live/article149279.ece. Retrieved 2008-04-19. 
  3. ^ "KNOC, Uzbekneftegaz reach oil field exploration deal". Embassy of Uzbekistan. 2008-11-11. http://www.pakistan.mfa.uz/modules.php?op=modload&name=News&file=article&sid=2317. Retrieved 2009-07-19. 
  4. ^ "Vietnam eyes Uzbekistan gas". Upstream Online (NHST Media Group). 2008-08-22. (subscription required). http://www.upstreamonline.com/live/article161644.ece. Retrieved 2008-04-19. 
  5. ^ Nikiforov, Sergey (2008). "In the mainstream". Oil of Russia (Lukoil) (1). http://www.oilru.com/or/34/653/. Retrieved 2008-08-22. 
  6. ^ "LUKoil company to sell oil, gas from Uzbekistan". New Europe. 2007-10-14. http://www.neurope.eu/articles/78854.php. Retrieved 2008-08-22. 
  7. ^ "Uzbek joins CNPC in pipeline deal". Upstream Online (NHST Media Group). 2008-04-14. (subscription required). http://www.upstreamonline.com/live/article152400.ece. Retrieved 2010-10-23. 
  8. ^ "CNPC sets sights on Uzbek riches". Upstream Online (NHST Media Group). 2008-10-20. (subscription required). http://www.upstreamonline.com/live/article165090.ece. Retrieved 2009-07-19. 
  9. ^ "Sasol signs Uzbekistan GTL pact". Upstream Online (NHST Media Group). 2009-07-15. (subscription required). http://www.upstreamonline.com/live/article183385.ece. Retrieved 2009-07-18. 
  10. ^ Izundu, Uchenna (2009-07-17). "Sasol to establish GTL plant in Uzbekistan". Oil & Gas Journal (PennWell Corporation) 107. (subscription required). http://www.ogj.com/index/article-display/6753620125/s-articles/s-oil-gas-journal/s-processing/s-gas-processing/s-gtl/s-articles/s-sasol-to_establish.html. Retrieved 2009-07-18. 

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