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Uzbekneftegaz to invest $178 million to Alan gas field

Oil&Gas Materials 22 September 2011 16:03 (UTC +04:00)

Azerbaijan, Baku, Sept. 22 / Trend /

Uzbek national holding company Uzbekneftegaz will attract $178.3 million in 2012-2015 to gas-field re-construction in Alan field in Kashkadarya region, UzDaily.com reports.

Prime agency reported quoting source in the Government of Uzbekistan, the company developed feasibility study of the project, which envisages construction of booster station.

The project will allow to support production of gas at the field at the level of 1.5 billion cubic meters a year.

The project will be financed by foreign investments and loans, credits of the Uzbek banks and own resources of Uzbekneftegaz.

The source said that Uzbekneftegaz holds talks with several foreign banks on attracting loans the project.

The source said that the company can announce a tender on selection of general contractor for project implementation till the end of 2011.

It is planned that the project will be implemented in three years.

Edited by V. Zhavoronkova

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