Petrovietnam Exploration Development (PVEP) has signed up to carry out exploration work in Uzbekistan at a cost of $61.6 million over the next five years. Uzbek President Islam Karimov approved an agreement for PVEP and Uzbek national company Uzbekneftegas to conduct exploration work between 2012-17 at the Molabaur Block in Uzbekistan's Ustyurt region.
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