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Tashkent hosted the region’s biggest conference in oil and gas sector last week. It resulted in signing five bilateral documents on the establishment of a joint enterprise, study of opportunities of expanding hydrocarbon extraction, upgrade of production capacities, and other prospects.

For instance, NHC Uzbekneftegaz, Enter Engineering PTE and Mechel Company signed an agreement on cooperation. It is seen as a follow up of drawing foreign investments, modernization and diversification of construction industry, reduction of power intensity of economy, introduction of progressive energy efficient and resource saving technologies in production.

The UzLITIneftegaz Company, affiliated with NHC Uzbekneftegaz, also signed an agreement with Hyundai Engineering and Enter Engineering PTE on the establishment of an engineering center in the form of a joint venture.

Speaking at the signing ceremony, chairman of NHC Uzbekneftegaz Board of Directors Alisher Sultanov emphasized that establishment of the new structure pursued a goal of having a specialized agency that would undertake the responsibility of a subcontractor on the development of project documentation for certain investment projects.

In accordance with the Resolution of the President of Uzbekistan ‘On streamlining the procedure of organization of project works in oil and gas industry’, UzLITIneftegaz will focus on active promotion of processes on radical modernization and development of the entire technological chain in the republic, ranging from the organization of mining to enhanced processing of hydrocarbon feedstock.

The top domestic and foreign specialized design and engineering organizations, as well as the leading specialists and experts, will be involved in preparation of documents for investment projects.

Establishment of the innovative engineering center will trigger the introduction of the headmost methods and technologies of organization of design works, based on up-to-date licensed software products and foreign expertise, into design processes.

That would allow the industry entering the international level, procuring up-to-date technologies, standards, know-how, and contribute to the development and improvement of engineering and construction of technological and industrial facilities.

Negotiations with strategic partners are another important mission of the event. The Uzbek side met with Itron (Germany), ExxonMobil (US), Istana Karanglaut (Indonesia), KNOC (Korea), and many other companies. During negotiations, the parties dwell on the mechanisms of practical interaction on the further modernization and diversification of domestic manufactures, creation of capacities on the production of localized products, introduction of cutting edge and advanced technologies on processing and recovery of liquid hydrocarbons,

During the talks, the participants discussed the mechanisms of practical cooperation on further modernization and diversification of domestic production, organization of capacities for production of localized products, introduction of modern and advanced technologies for processing and utilization of liquid hydrocarbons, application of alternative methods for blue fuel processing, and wide introduction of automated natural gas accounting systems.

High effectiveness of the forum was emphasized at its closing ceremony. The map of participants has been significantly expanded this year: the exhibition brought together 178 companies from 28 countries. 400 delegates participated in the international conference ‘Oil and Gas of Uzbekistan’. Authoritative scientists, leaders of the world’s leading companies mentioned the high relevance of the event, which is timed to 25th anniversary of the oil and gas industry of our country this year. There is a view that the forum has turned into a top-level business platform for demonstrating the latest achievements and products of international oil and gas companies, and into a top venue for suppliers and manufacturers, researchers and specialists.

Today, the oil and gas industry of Uzbekistan successfully implements projects on enhanced processing of hydrocarbon raw materials and development of new types of products with an eye to global trends. In this context, the exchange of experience and knowledge, establishment of new contacts, signing of cooperation documents within the framework of the traditional International Exhibition and Conference ‘Oil and Gas of Uzbekistan’ contribute to further cooperation of science and production, investment inflows, industrial and export capacity growth of the sector.

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