Uzbekistan plans to attract $2.1 bln in Russian investment

Interfax October 20 Uzbekistan plans to implement jointly with Russian companies 37 investment projects for a total of $2.099 billion, economic advisor at the Russian embassy in Uzbekistan Yury Lebedev told Interfax. The two countries have agreed on a list of projects for joint implementation, Lebedev said. The majority of investments - more than $2 billion - is expected to go to the oil and gas complex. Lebedev said Gazprom plans to invest $1 billion to develop gas condensate fields in Ustyurt region and $15 million to extend the life of the Shakhpakhty field under production sharing agreement terms. Lukoil plans to implement the Kandym-Khauzak-Shady project under production sharing agreement terms, which envisages natural gas extraction in Bukhara-Khiva region in the southwest of the country. The total cost of the project is predicted to be more than $995 million.