UZBEKISTAN - Part 2 - The Petroleum Fields & Operators.One of the members in the Commonwealth of Independent States Commonwealth of Independent States (CIS), community of independent nations established by a treaty signed at Minsk, Belarus, on Dec. 8, 1991, by the heads of state of Russia, Belarus, and Ukraine. Between Dec. 8 and Dec. (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ) not to have suffered a big fall in petroleum production since the collapse of the Soviet Union in late 1991, Uzbekistan's output of oil and condensates this year is expected to average 111,000 b/d, down from 120,000 b/d in 2005 and 141,000 b/d in 2004, compared to 55,000 b/d in 1985. Uzbek crude oil and condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. production peaked at 191,000 b/d in 1998 and 1999. Uzbekistan's output of natural gas has been rising steadily since the 1980s. In 2006 it is to reach or exceed 60 BCM BCM Baylor College of Medicine BCM Become BCM Business Communications Manager (Nortel) BCM Broadcom Corporation BCM Business Continuity Management BCM Business Contact Manager (Microsoft) , from 32.3 BCM in 1985, 57.5 BCM in 2003 and almost 59.7 BCM in 2005. The country's state-owned and leading petroleum group UzbekNefteGaz (UNG UNG Unguent (ointment, medical) UNG UNG's not GNU ) this year is increasing substantially crude oil imports from Kazakhstan. UNG expects the import volume to be 450,000 tons (over 9,000 b/d), up 50% on 2005. Kazakh crude oil has been imported from the Kumkol field since 2005. One of its main consumers is the Ferghana refinery (see DT). UNG reported in July that its output of crude oil and condensate in 2005 amounted to 5.449m tons, down 17.2% on 2004. Natural gas production also declined to 59.686 BCM. Uzbekistan's petroleum potentials, especially the reserves in the Ferghana Valley, have attracted less attention from foreign investors than in the case of Kazakhstan or Azerbaijan. This is because of the remoteness of the landlocked country A landlocked country is commonly defined as one enclosed or nearly enclosed by land.[1][2][3][4] As of 2007, there are 43 landlocked countries in the world. from existing export outlets to major oil and gas markets and the cautious nature of the Uzbek government which tends to be wary of foreign motives. The government's vague legal and regulatory system discourages potential investors. Under a government development plan adopted in the early 1990s, Uzbekistan's oil and condensate production was to increase to 450,000 b/d by 2001. This target is not likely to be attained in the near future. If no major oil discoveries are made in the coming years, production could fall to 50,000 b/d by 2010 as most of the operating fields have begun to deplete de·plete v. 1. To use up something, such as a nutrient. 2. To empty something out, as the body of electrolytes. . |
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