Lukoil Outlines Ambitous Uzbekistan Plans

摘要

Russia's top private oil major, Lukoil, is pushing ahead with plans to develop Uzbekistan's natural gas reserves and says it considers the Central Asian country, the biggest gas producer in the former Soviet Union after Russia, as a key region for overseas expansion. The Russian firm plans to invest $5 billion within the next six years to boost gas output in Uzbekistan sixfold to 18 billion cubic meters per year, Andrei Kuzyaev, the president of Lukoil Overseas, said at the Oil Gas Uzbekistan 2011 conference on Wednesday. Lukoil Overseas handles all the company's upstream projects abroad.