Tag Archive

Lukoil Borrows to finance Uzbek Project

Lukoil Borrows to finance Uzbek Project

April 19, 2018 No Comments

LUKOIL has raised a USD 660 million loan with a ten years maturity to finance a part of the incurred construction costs for gas processing plant at the Kandym field in the Republic of Uzbekistan. LUKOIL Overseas Uzbekistan Ltd. acts as a borrower. The loan was provided by ING Bank, UniCredit Bank and Deutsche Bank. […]

LUKOIL ANNOUNCES FINANCIAL RESULTS UNDER IFRS FOR 2017

LUKOIL ANNOUNCES FINANCIAL RESULTS UNDER IFRS FOR 2017

March 22, 2018 No Comments

PJSC LUKOIL released its audited consolidated financial statements for the full year of 2017 prepared in accordance with the International Financial Reporting Standards (IFRS). Sales for 2017 increased by 13.6% year-on-year to RUB 5,936.7 bln. In the fourth quarter of 2017 our sales were RUB 1,662.5 bln, up 12.1% q-o-q. The positive sales dynamics was […]

Conclusion of an IMF Staff Visit to Uzbekistan

Conclusion of an IMF Staff Visit to Uzbekistan

November 17, 2017 No Comments

An International Monetary Fund (IMF) mission led by Mr. Albert Jaeger visited Tashkent during November 7–16, 2017, to discuss the authorities’ plans to continue reforms of the economy and to update the macroeconomic framework. At the conclusion of the visit, the mission issued the following statement: “The mission welcomed the authorities’ continued efforts to adopt […]

LUKOIL Launches Production Facilities in Uzbekistan

LUKOIL Launches Production Facilities in Uzbekistan

August 22, 2017 No Comments

LUKOIL has reached a progress milestone at its South-West Gissar project in Uzbekistan as it successfully launched the main production and process facilities there. These include a gas treatment plant with the annual rated capacity of 4.4 billion cubic meters, a gas pretreatment unit and four gas-gathering stations. As a result, gas production at the […]

Amec Foster Wheeler wins Hyundai Engineering Gas-to-Liquid plant contract

Amec Foster Wheeler wins Hyundai Engineering Gas-to-Liquid plant contract

August 16, 2017 No Comments

Amec Foster Wheeler has been awarded a lump sum contract by Hyundai Engineering Co. Ltd for the delivery of hydrogen plant technology and design and materials supply for a Terrace WallTM steam reformer heater for Uzbekneftegaz National Holding Company’s OLTIN YO’L GTL (gas-to-liquid) plant which is under construction in the Kashkadarya Region of Uzbekistan. Amec […]

Gazprom and Uzbek authorities explore energy partnership

Gazprom and Uzbek authorities explore energy partnership

March 31, 2017 No Comments

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a visit to the Republic of Uzbekistan today. Tashkent hosted working meetings of Alexey Miller with Uzbekistan’s President Shavkat Mirziyoev and Prime Minister Abdulla Aripov. The meeting participants expressed appreciation for the bilateral partnership in the energy sector. It was noted […]

LUKOIL UPDATES ON PROVED RESERVES IN 2016

LUKOIL UPDATES ON PROVED RESERVES IN 2016

February 16, 2017 No Comments

Based on the geological exploration results and the revision of previous estimates, LUKOIL added 0.7 billion barrels of oil equivalent to its proved reserves in 2016. The reserve replacement ratio reached 81% for proved hydrocarbon reserves, including 85% for crude oil. This performance was achieved despite the average annual oil price sliding to its minimum […]

CNPC Trans-Asia Gas Pipeline Company Limited signs agreement with Tajiktransgaz on establishing a gas pipeline company

March 12, 2014 No Comments

On March 4 in Duschanbe, the capital city of Tajikistan, CNPC’s subsidiary Trans-Asia Gas Pipeline Company Limited signed an agreement with Tajiktransgaz on jointly establishing a natural gas pipeline company to manage the construction of Line D of the Central Asia-China Gas Pipeline. Construction of Line D began to be prepared soon after the signing […]

Tags: , , , , , Renewables

Tethys Completes Strategic Acquisition in Georgia and Exits Uzbekistan

January 17, 2014 No Comments

Tethys Petroleum Limited (“Tethys”) (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian governmental consent for the acquisition of a 56% interest in Blocks XIA, XIM and XIN (Project “Iberia”) in eastern Georgia. Tethys also announced […]

Tags: , , , , Renewables

Rolls-Royce wins US$175m contract to power Kazakhstan-China natural gas pipeline

September 12, 2013 No Comments

Rolls-Royce announced a $175 million contract to supply Asia Gas Pipeline LLP (AGP) with equipment and related services to power the flow of natural gas through Kazakhstan’s Line C Gas Pipeline, part of the vast 1,833km long Central Asia-China Gas Pipeline network. Rolls-Royce will supply AGP, a joint venture between Kazakhstan’s KazMunaiGaz and China’s National […]

Tags: , , , , Press Releases