Uzbekneftegaz

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Uzbekneftegaz
State owned
Industry oil and gas exploration and extraction
Founded 3 May 1992 (1992-05-03)
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$3 billion (2014)
Number of employees
121,000 (2014)
Website http://www.ung.uz

The national holding company Uzbekneftegaz (Uzbek: "Oʻzbekneftegaz" MXK, Russian: НХК "Узбекнефтегаз") is a state-owned holding company of Uzbekistan's oil and gas industry.

History[edit]

Uzbekneftegaz was established in May 3, 1992. In 1998, it was transformed into national holding company.

Operations[edit]

Bukhara oil refinery

Uzbekineftegaz leads a consortium of Korea National Oil Corporation, China National Petroleum Corporation and Lukoil exploring and developing gas condensate fields in the Aral Sea.[1] In February 2008, Uzbekneftegaz and consortium led by the Korea Gas Corporation established the joint venture Uz-Kor Gas Chemical to develop the Surgil gas field, containing about 133 billion cubic metres (4.7 trillion cubic feet) of natural gas, and build the Ustyurt gas-chemical complex.[2] It will produce 4 billion cubic metres (140 billion cubic feet) of gas per year and about 500,000 tons per year of plastics as well as 100,000 tons of petrol which is derived as a bi-product in the process.[3]

Together with another Korean company, Korea National Oil Corporation, Uzbekneftegaz explores Namangan-Tergachi and Chust-Pap oil fields in eastern Uzbekistan.[4] In August 2008, Uzbekneftegas signed a cooperation agreement with Petrovietnam.[5] It also cooperates with Lukoil in the Kandym-Khausak-Shady-Kungrad project to develop several natural gas fields in Uzbekistan.[6][7]

Uzbekneftegaz together with China National Petroleum Corporation owns and operates the Uzbek section of the Central Asia–China gas pipeline.[8] They also have a joint venture for developing the Mingbulak oilfield.[9]

Together with Sasol and Petronas, Uzbekneftegaz develops Uzbekistan GTL, a gas-to-liquids (GTL) project.[10][11]

In addition, Uzbekneftegaz has a production sharing agreement with Gazprom on gas exploration, joint ventures with Prista Holdings on motor oil and lubricants production, and with Ariston Thermo Group on heating boilers production.

References[edit]

  1. ^ "Group charts Aral Sea course". Upstream Online. NHST Media Group. 2006-08-30. Retrieved 2009-07-19. 
  2. ^ "Kogas 'eyeing Uzbek gas field'". Upstream Online. NHST Media Group. 2008-02-22. Retrieved 2008-04-19. 
  3. ^ "S. Korean Venture Inks $2.5 Bn Uzbek Gas Deal". The Gazette of Central Asia. Satrapia. 2012-05-19. Retrieved 2012-06-08. 
  4. ^ "KNOC, Uzbekneftegaz reach oil field exploration deal". Embassy of Uzbekistan. 2008-11-11. Retrieved 2009-07-19. 
  5. ^ "Vietnam eyes Uzbekistan gas". Upstream Online. NHST Media Group. 2008-08-22. Retrieved 2008-04-19. 
  6. ^ Nikiforov, Sergey (2008). "In the mainstream". Oil of Russia. Lukoil (1). Retrieved 2008-08-22. 
  7. ^ "LUKoil company to sell oil, gas from Uzbekistan" (750). New Europe. 2007-10-14. Retrieved 2008-08-22. 
  8. ^ "Uzbek joins CNPC in pipeline deal". Upstream Online. NHST Media Group. 2008-04-14. Retrieved 2010-10-23. 
  9. ^ "CNPC sets sights on Uzbek riches". Upstream Online. NHST Media Group. 2008-10-20. Retrieved 2009-07-19. 
  10. ^ "Sasol signs Uzbekistan GTL pact". Upstream Online. NHST Media Group. 2009-07-15. Retrieved 2009-07-18. 
  11. ^ Izundu, Uchenna (2009-07-17). "Sasol to establish GTL plant in Uzbekistan". Oil & Gas Journal. PennWell Corporation. 107. Retrieved 2009-07-18. 

External links[edit]