Uzbekistan to use $3.5 bln in foreign investment in 2015
TASHKENT. Dec 24 (Interfax) - Uzbekistan plans to use $3.534 billion worth of foreign investment for 156 projects next year, according to the country's investment program for 2015, which has been confirmed by a presidential decree.
In particular, Uzbekistan plans to draw down $965 million in foreign loans under government guarantee on 76 projects, and spend $2.57 billion in foreign direct investment on 80 projects.
The lion's share of foreign investment - $2.29 billion on 35 projects - will be directed towards the fuel and energy sector, including $2.07 billion of foreign direct investments in 15 projects.
According to Uzbekistan's investment program, Russian oil company Lukoil will invest $587.2 million in the implementation of two production sharing agreements (PSA) worth a combined $8 billion next year.
A consortium of Korean companies headed by Korea Gas Corporation (KOGAS) will continue to construct the Ustyurt gas chemicals complex in north-western Uzbekistan worth $4.1 billion. Next year, there are plans to spend $907 million of foreign investment on this project.
China National Petroleum Corporation (CNPC) will start to lay the fourth line of the Uzbek section of the Central Asia - China gas pipeline, worth a total of $800 million.
As reported, for this year Uzbekistan planned to spend $3.88 billion worth of foreign investment.
According to government data, Uzbekistan spent $2.1 billion worth of foreign investment in January-September 2014, up 19% year-on-year.
