Return-Path: <sentto-279987-3606-1004421066-fc=all.net@returns.onelist.com> Delivered-To: fc@all.net Received: from 204.181.12.215 [204.181.12.215] by localhost with POP3 (fetchmail-5.7.4) for fc@localhost (single-drop); Mon, 29 Oct 2001 21:55:08 -0800 (PST) Received: (qmail 11448 invoked by uid 510); 30 Oct 2001 05:53:23 -0000 Received: from n11.groups.yahoo.com (216.115.96.61) by 204.181.12.215 with SMTP; 30 Oct 2001 05:53:23 -0000 X-eGroups-Return: sentto-279987-3606-1004421066-fc=all.net@returns.onelist.com Received: from [10.1.4.52] by n11.groups.yahoo.com with NNFMP; 30 Oct 2001 05:54:06 -0000 X-Sender: fc@red.all.net X-Apparently-To: iwar@onelist.com Received: (EGP: mail-8_0_0_1); 30 Oct 2001 05:51:06 -0000 Received: (qmail 51203 invoked from network); 30 Oct 2001 05:51:05 -0000 Received: from unknown (10.1.10.26) by m8.onelist.org with QMQP; 30 Oct 2001 05:51:05 -0000 Received: from unknown (HELO red.all.net) (65.0.156.78) by mta1 with SMTP; 30 Oct 2001 05:51:05 -0000 Received: (from fc@localhost) by red.all.net (8.11.2/8.11.2) id f9U5p7R03777 for iwar@onelist.com; Mon, 29 Oct 2001 21:51:07 -0800 Message-Id: <200110300551.f9U5p7R03777@red.all.net> To: iwar@onelist.com (Information Warfare Mailing List) Organization: I'm not allowed to say X-Mailer: don't even ask X-Mailer: ELM [version 2.5 PL3] From: Fred Cohen <fc@all.net> X-Yahoo-Profile: fcallnet Mailing-List: list iwar@yahoogroups.com; contact iwar-owner@yahoogroups.com Delivered-To: mailing list iwar@yahoogroups.com Precedence: bulk List-Unsubscribe: <mailto:iwar-unsubscribe@yahoogroups.com> Date: Mon, 29 Oct 2001 21:51:07 -0800 (PST) Reply-To: iwar@yahoogroups.com Subject: [iwar] [fc:Foreign.Investment.into.Uzbek.Oil.and.Gas.Industry.Detailed] Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit [FC - clearly this has the potential to create the impresion that Bush is doing this to help his oil buddies.] Foreign Investment into Uzbek Oil and Gas Industry Detailed Uzbekistan, October 29, 2001 [ 17:56 ] , Uzbek newspaper `Novosti <http://uzland.narod.ru/2001/october/29/04.htm Nedeli` TASHKENT. Uzbekistan has passed a new law enabling foreign investors to take part in developing the country's oil and gas industry. Britain and Russia seem to be quite keen investors, interested in long-term oil and gas projects, according to the Uzbek newspaper Novosti Nedeli. The paper details reserve potential and production figures. The total volume of foreign investment in the construction of Uzbek oil and gas industrial facilities has reached 1.5bn dollars. According to geologists, 60 per cent of Uzbekistan is potentially rich in oil and gas. About 170 oil and gas fields have now been discovered in five oil-and-gas bearing regions of Uzbekistan, 92 of them are under development. These regions are as follows: Ustyurtskiy [Karakalpakstan Autonomous Republic, west of the country] (petroleum prospects over an area of 105,100 square kilometres), Bukharo-Khivinskiy [Bukhara and Khiva Regions, central and western part of Uzbekistan] (44,400 square kilometres), South-Western-Gissarskiy (4,100 square kilometres), Surkhandaryinskiy [south of Uzbekistan] (14,000 square kilometres) and Ferganskiy [south-east of the country] (17,000 square kilometres). Foreign investments began to flow into the national economy more actively since the spring of 2000 following President Islam Karimov's decree "On measures to attract foreign investment into prospecting and extracting oil and gas." According to the decree, newly-found oil and gas fields may be given to foreign developers, who were also involved in geological and prospecting work there, as a concession for a period of up to 25 years, with a renewable right for development. Also, foreign companies, which are attracted to carry out prospecting work for oil and gas, are presented with the regime of the most favoured treatment. The UzPEC ltd. company was among the first to receive a license. This company is a subsidiary of the British Trinity Energy company, which was specially set up to develop and prospect oil and gas fields in Uzbekistan. The company was given two licenses. The first one was issued to develop the Adamtashskiy gas and oil field and the oil field in South Kyzylbayrak which is in the Southern-Western Gissar. The permission is valid for 25 years with the right of renewal for another 15 years. The second license was given for five years to carry out prospecting work in Central Ustyurt with the right of renewal for another three years. In order to successfully implement the projects, a shared product agreement was signed for the joint investment project on prospecting and developing oil and gas fields and building an infrastructure in the licensed territories of Central Ustyurt and South and Western Gissar of Uzbekistan. This investment project is expected to be carried out gradually by direct investment of 420m dollars, of them over 200m dollars within the first 5 years. The UzPEC Ltd will carry out searching, prospecting and drilling in the existing prospecting fields together with geophysical field work to prepare and begin drilling at new deposits in the licensed territories of Central Ustyurt. The Adamtashskiy gas and condensate field and South Kyzylbayrak oil and gas field will be commissioned in South-Western Gissar, and pre-prospecting functional wells will be drilled. It is planned to develop a common regional infrastructure in these territories in order to extract oil and gas from small and low-effective fields. In addition, the joint stock company LUKOIL, the international group of companies ITERA and the national holding company Uzbekneftegas [Uzbek oil and gas company] signed a contract on the main principles and regulations of the agreement on development and shared products from the oil fields of Bukharo-Khivinskiy and Gissarskiy oil and gas regions, and also on conducting geological and prospecting work in Uzbekistan. In accordance with the signed contract the participants' shares will be distributed as follows: LUKOIL - 45 per cent, ITERA - 45 per cents and Uzbekneftegas - 10 per cent. The oil fields will be developed for 25 years and, if necessary, for another 10 years. According to specialists, the maximum volume of gas extraction will amount to 8-10bn cubic metres per year. The reserves of the oil fields involved in the project are equal to 250bn cubic metres of gas and 10m tonnes of liquid hydrocarbonates. The volume of capital investment for bringing the oil fields to their designed capacity stands at 750m dollars. The total resource potential in the country: oil - more than 5.3 bn tonnes, condensate - 480m tonnes and gas - 5,095,000bn cubic metres. ------------------------ Yahoo! Groups Sponsor ---------------------~--> Get your FREE VeriSign guide to security solutions for your web site: encrypting transactions, securing intranets, and more! http://us.click.yahoo.com/UnN2wB/m5_CAA/yigFAA/kgFolB/TM ---------------------------------------------------------------------~-> ------------------ http://all.net/ Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
This archive was generated by hypermail 2.1.2 : 2001-12-31 20:59:58 PST