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Russia’s Gazprom to increase gas purchases from Uzbekistan

TASHKENT (TCA) — Russian gas giant Gazprom in 2016 will increase natural gas purchases from Uzbekistan, Russia’s TASS news agency reported citing Gazprom Chairman Alexei Miller.   Continue reading

Uzbekistan to set up new JV for geological exploration

TASHKENT (TCA) — Uzbekistan’s state oil and gas company Uzbekneftegaz will set up a joint venture on a parity basis with a foreign investor for geological exploration of investment blocks Sechankul, Akdjar, and Chimbai, as well as for development of Urga, Akchalak, and Chandyr deposits, the company’s press service said.      Continue reading

President promises economic breakthrough for Uzbekistan

TASHKENT (TCA) — In 2016 the economy of Uzbekistan will receive an equivalent of US $17.3 billion of capital investment, 23.5 percent of which will be foreign investments, Uzbek President Islam Karimov said in his New Year address to the nation. Continue reading

Central Asia outlook for 2016: a geopolitical stalemate

BISHKEK (TCA) — Politically and economically, Central Asia will largely depend on Russia’s and China’s recovery and any prediction for 2016 can make sense only with consideration of the political and economic capabilities of these two countries. Continue reading