Baku, Azerbaijan, Feb. 15
By Nigar Guliyeva – Trend:
Russia's Lukoil is planning to continue the negotiations with the government of Uzbekistan in April to change the agreement on the Hissar deposits, Russian media reported citing Lukoil's president Vagit Alakparov.
Alakparov, talking to reporters in Sochi on Feb.15, voiced hope that in April the Uzbek leadership will take part in the commissioning of the Kandym gas processing plant, where this issue will be considered once again.
Earlier, Alakparov said the company was negotiating with the Uzbek government to review the parameters of the agreement on the Hissar project in connection with a decrease in gas prices.
Lukoil and the government of Uzbekistan have already revised the parameters of the agreement on the Kandym project, changing the scale of royalties.
Lukoil has been implementing the Kandym project since 2004 together with Uzbekneftegaz within a production sharing agreement on the Kandym-Khausak-Shady-Kungrad project. The Kandym group includes six gas condensate fields - Kandym, Kuvachi-Alat, Akkum, Parsankul, Khodzhi and Western Khodzhi.
Lukoil is operating in Uzbekistan on two projects on the PSA terms - Kandym-Khauzak-Shady and Hissar.
Potential oil resources of Uzbekistan are more than 5.3 billion tons, gas condensate - 480 million tons and natural gas - about 5 billion cubic meters. Oil and natural gas in the republic are extracted at Ustyurt, Bukhara-Khivi, South-West Hissar, Surkhandarya and Fergana.