DAILY NEWS HERALD #29 Press Service of the MFA of the Republic of Uzbekistan February 9, 2018

posted 15 Feb 2018, 10:50 by Webmaster Ambasciata

Investments. 1

Surhan Gas Chemical Operating Company began construction of an evaluation well at the field “25 Years of Independence”. 1

BUSINESS CLIMATE.. 1

New Centers to Help Entrepreneurs. 1

Sport.. 2

The Unfading Gymnast Continues to Win. 2

  

investments

Surhan Gas Chemical Operating Company began construction of an evaluation well at the field “25 Years of Independence

Currently, the reserves of the field and the entire investment block “Uzbekiston Mustaqilligi” are estimated at more than 100 billion cubic meters of natural gas. The evaluation well will confirm reserves of hydrocarbons.

As a drilling contractor, the international drilling company Eriell with extensive experience in projects in Central Asia, the Russian Federation and the Middle East was involved.

“For the construction of the well, a unique plant with increased load capacity has been manufactured to work in complex geological conditions of hydrogen sulfide aggression, anomalous reservoir pressure and temperature. Service services within the project are provided by the leading international service contractors: Baker Hughes, Halliburton and NOV,” the Surhan Gas Chemical Operating Company said.

In addition to drilling the well, an environmental audit of the contractual area of ​​the entire block is being conducted at the deposit; work has begun with international consultants on marketing research, conceptual design and audit of reserves.

The production sharing agreement (PSA) with respect to the investment block “Uzbekiston Mustaqilligi” with additional exploration and development of the Mustaqillikning 25 Yilligi field was signed during the visit of the President of Uzbekistan Shavkat Mirziyoyev to Russia last April.

The project of development of a deposit assumes two stages. After additional exploration and production organization it will become a resource base for the gas processing complex and gas chemical production (polyethylene, polypropylene, sulfur).

In the future, on the basis of the complex, it is planned to carry out deep processing of gas and the production of olefins (ethylene glycol, rubber, polyethylene terephthalate). The volumes of gas processing can be brought up to 2 billion cubic meters per year at the first stage and up to 4 billion cubic meters a year on the second.

The total investment under the agreement can reach $ 5.8 billion, which will allow the investment project to become the largest in the modern history of Uzbekistan. The project will be financed based on the principles of international project financing, involving major international financial institutions and export credit agencies, the publication notes.

(Source: «Uzbekistan Today» newspaper)

 

BUSINESS CLIMATE

New Centers to Help Entrepreneurs

Center for assistance to entrepreneurship has opened in Syrdarya region.

In order to effusively support free enterprise, improve the work on providing them with public services, President Shavkat Mirziyoyev has put forward an initiative to create centers for the promotion of entrepreneurship in each region.

At the opening ceremony of the center in Syrdarya province, it was noted that special attention has been paid to the development of small business and private entrepreneurship, creation of conditions conducive for their effective work. The announcement of 2018 as the Year of Support for Active Enterprise, Innovative Ideas and Technologies serves as a clear indication of this.

The center is located on the first floor of a three-story building. It boasts all the necessary conditions - the work of consulting, realtor and other services was established, 30 employees were employed.

In order to deliver additional amenities for entrepreneurs, the building houses regional branches of ten commercial banks. In the future, the range of state services to entrepreneurs will expand, and their quality will increase. This will help enlarge production, boost and improve product quality, create new jobs.

In addition, the 2nd and 3rd floors of the building have been reconstructed in accordance with the updated project of standard housing for the population, finishing works are now nearing completion.

“This center allowed me to have the necessary papers issued in a short time and the main thing is not to go to the capital for this,” said Sh. Holmurodov, chairman of the diversified Ozodbek-Shavkat farm in the Sayhunabad district. “Now the entrepreneur will not waste time in the queue for admission to this or that official. They will have all the necessary documentation issued in the center and the next day they will continue their work with a sense of confidence in the future. And this is an important factor for the entrepreneur.”

(Source: «Uzbekistan Today» newspaper)

sport

The Unfading Gymnast Continues to Win

Athlete from Uzbekistan, Oksana Chusovitina, who is fittingly considered the legend of world sports, has secured four medals, including three gold ones, at the international gymnastics tournament in Houston, Texas.

Our gymnast was the best in the all-around, supporting jump and free exercises. In the exercises on the balance beam the athlete from Uzbekistan won the silver medal.

The 42-year-old Chusovitina is now actively preparing for the Asian Games due August this year. However, for sure she eyes also the summer Olympics 2020 in Tokyo.

(Source: «Uzbekistan Today» newspaper)

  

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