Дата публикации: Jan 05, 2016 6:19:1 PM

National Holding Company “Uzbekneftegaz” has announced a tender for the selection of foreign Oil and Gas Company, which will conduct geological exploration for a number of investment blocks.

According to official data, “Uzbekneftegaz” is preparing to implement the investment project “Implementation of exploration on investment blocks Sechankul, Akdzhar and Chimbay, as well as the mining of Urga, and Akchalak Chandyrskoy group.”

The project will be implemented through the establishment of foreign-invested enterprises on a parity basis.

Oil and Gas Companies interested in joint realization of the project must submit a formal application to participate in the competition with the application of information about their company.

Confidentiality agreement will be signed with the parties that have submitted applications by the deadline, in the prescribed manner. After signing of the confidentiality agreement, participants of the competition will be required to provide relevant materials in the established order for the preparation of proposals.

According to the investment programme, the project will envisage creation of capacities on mining 1.5 billion cubic meters of gas and 76,000 tonnes of gas condensate. The volume of investments can make up US$700 million.

(Source: NA «Uzbekistan Today»)