Uzbekistan plans to master $ 3,5B in foreign investments in 2015
Tashkent, Uzbekistan, Dec.24
By Demir Azizov- Trend:
Uzbekistan plans to master foreign investments in the amount of $3.534 billion for 156 investment projects in 2013, according to the state investment program approved by the Uzbek President Islam Karimov.
Some $965 million of the total planned amount of investments will be reserved for 76 projects and come from foreign loans guaranteed by the government, while the remaining $2.57 billion will come through direct foreign investment and will go to 80 planned projects.
The largest volume of foreign investments, 2.29 billion that is allocated for 35 projects, has been designated for exploitation in the energy sector, including the use of $2.07 billion of direct investment from foreign companies for 15 projects.
In particular, in 2015, Russian oil company Lukoil will invest $587.2 million within two PSAs with total a cost of over $8 billion in Uzbekistan.
A consortium of Korean companies led by Kogas will continue the construction of the Ustyurt gas-chemical complex with a total cost of $ 4.1 billion in the north-west of the country. Next year, $907 million of foreign investment is planned to be invested in the project.
China's CNPC will invest $800 million in the construction of the fourth line of the Uzbek section of the Central Asia - China gas pipeline with total cost of $ 2.1 billion.
Previously, it was reported that the investment program for 2014 envisages development of foreign investment in the amount of $3.883 billion.
In January-September 2014, the volume of exploited foreign investments increased by 19 percent, reaching $2.1 billion, compared to the same period last year, according to official statistics.