Uzbekistan

Uzbek oil company Saneg squeezes the last drop of oil from the tube

Ben Aris in Tashkent March 25, 2024

In 2019 the Cabinet of Ministers set up the company Saneg and transferred the ownership of 103 depleted oil fields to see if the company can squeeze a little more oil out of them, as Uzbekistan has an oil deficit and wants to reduce imports.

Ahead of Moscow attack UN report warned of growing Islamic State recruitment in Central Asia

bne IntelliNews March 25, 2024

Terrorist group’s Afghanistan-based ISIS-K branch has built to size and sophistication that give “ability to project a threat into the region and beyond”, Security Council was told.

Where water stress will be highest by 2050

Martin Armstrong for Statista March 24, 2024

Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.

Uzbekistan sets $5bn IT export goal by 2030

Ben Aris in Berlin March 24, 2024

Uzbekistan hopes to become the Central Asian IT hub and boost IT service exports to $5bn by 2030, according to a report by the World Bank Uzbekistan released on March 19.

China remains Uzbekistan top trade partners with $2.1bn in 2023

Ben Aris in Berlin March 24, 2024

China remained Uzbekistan top trade partner in the first two months of this year with a mutual trade turnover of $2.1bn, according to preliminary data from the Statistics Agency, Daryo reported on March 21.

UNESCO says Uzbekistan broke promises over Bukhara development

Eurasianet March 22, 2024

UNESCO says that Uzbekistan’s government has broken its promise to refrain from doing demolition and building work near historic zones in the city of Bukhara pending joint agreement on a master plan.

Saneg gives Uzbekistan's mature oilfields a second life

Newsbase March 20, 2024

Saneg, the private company tasked with giving Uzbekistan’s mature oilfields a second life, aims to ramp up oil production by 30% this year to 730,000 tonnes (14,700 bpd), its CEO Tulkin Yusupov said in a presentation in Tashkent last week.

China’s EV giant BYD wants curbs on “disorderly” imports in line with move into Uzbekistan

bne IntelliNews March 19, 2024

Critics of potential move say it could be bad news for the consumer.

Putin wins big in Central Asia, but Kazakhstan spoils party

Almaz Kumenov for Eurasianet March 18, 2024

There was a large turnout for a public assembly in Almaty held to register opposition to Putin's rule.

Uzbekistan, China eye joint uranium exploration

Eurasianet March 14, 2024

Tashkent is looking to an array of international partners to hit its ambitious output targets.

Uzbekistan’s IT outsourcing sector takes off

Ben Aris in Tashkent March 13, 2024

Uzbekistan is hoping to establish itself as a major IT outsourcing centre, able to compete with the likes of India, Belarus, Ukraine and Romania, and has already seen its export revenue grow exponentially in the last four years.

FDI flow from China to Eurasia is ebbing

Eurasianet March 11, 2024

Lots of talks, but no new deals are being announced.

Closing gender gap in workforce could double global growth rate says World Bank

Clare Nuttall in Glasgow March 8, 2024

Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.

Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved

bne IntelliNews March 7, 2024

Statement explains restructuring that transferred Russian firm’s controlling stake in company to Hong Kong entity.

Major Uzbek gas storage expansion project linked to Russian “stoligarch” and Putin friend Timchenko

Ben Aris in Berlin March 6, 2024

News investigation also sheds light on involvement of Uzbekistan energy tycoon Bakhtiyor Fozilov. Russia plans to up gas deliveries to Central Asian nation fivefold.

Uzbekistan: Deadly cough syrup trials ends with lengthy convictions

Eurasianet February 27, 2024

An Indian national was handed the heaviest sentence: 20 years in prison.

INTERVIEW: Opening up Uzbekistan debt capital market to foreign investors

Ben Aris in Berlin February 27, 2024

Uzbekistan is moving towards opening its local debt market up to international investors to create a new source of funding that could be worth billions of dollars a year.

“Unbelievable but true” data show UK firms equipping Russia’s war machine

bne IntelliNews February 23, 2024

Kremlin is end-customer for surging flows of British exports to Kyrgyzstan, Uzbekistan, Armenia and Georgia, new analysis indicates.

Uzbekistan plans $500mn investment to boost Russian gas imports

Eurasianet February 22, 2024

Domestic production is declining as existing fields become exhausted.

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