International Conference on Eurasian Economies
18-20 June 2018 – Tashkent, UZBEKISTAN
Paper detail
Paper ID : 2064
Status : Paper published
Language : English
Topic : Natural Resources and Environment
Presenter: Assoc. Prof. Dr. Dinora Ishmanova
Session : 1B Sectoral analysis
Investment Projects in Oil and Gas Industry in Uzbekistan
Investment Projects in Oil and Gas Industry in Uzbekistan
- Assoc. Prof. Dr. Dinora Ishmanova (Tashkent State University of Economics, Uzbekistan)
Abstract
In recent years, the oil and gas industry of Uzbekistan has been developing very fast, and oil and gas production has grown significantly. Uzbekistan achieved oil independence. Natural gas fields in the Republic are being exported to foreign countries as well as satisfying the needs of all types of industrial enterprises and population. Growth of oil and gas extraction is achieved by opening up of new oil and gas constructions and fields, increasing the efficiency of mining operations, and applying new methods of increasing the level of resource utilization. Determining the ultimate goal of socio-economic transformations in our country is the starting point of the current reform strategy. At the same time, the focus is on ensuring the dynamic development of the fuel and energy complex, increasing oil and gas extraction and processing, and gaining energy independence of the republic. LUKOIL is one of the world's largest vertically -Integrated companies engaged in the extraction and processing of oil and gas, manufacturing of petroleum products and petrochemicals. The main areas of its activity, the Company holds a leading position in the Russian and global markets.
JEL codes:
Ishmanova, Dinora (2018). "Investment Projects in Oil and Gas Industry in Uzbekistan" in Proceedings of International Conference of Eurasian Economies 2018, pp.126-128, Tashkent, UZBEKISTAN.
DOI: https://doi.org/10.36880/C10.02064
