China’s CNPC will invest the most of volume of investments in the industry in 2010. The company will direct US$883.6 million to construction of the second line of Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline. Total cost of pipeline is US$2.98 billion.

Russian LUKOIL will direct US$473.4 million to realize two product sharing agreements (PSA) with total cost of US$4.3 billion. The company will invest US$325.9 million to develop gas deposits of Kandym Group in Bukhara region and geologic exploration of Ustryut. It will invest US$147.5 million to develop deposit at Southern Gissar.

Petronas (Malaysia) will invest US$200 million in Uzbek projects in 2010. The company will start to produce hydrocarbons within two PSAs, total cost of which is US$1.16 billion. The Malaysian firm will direct US$100 million to develop Ustyurt deposit within the US$500-million PSA. It is also planning to sign another PSA on production of gas at deposits in Surkhandarya region. The company plans to invest US$100 million to this project next year. Total cost of the project is US$660 million.

Foreign investors will direct US$230.8 million to exploration works on seven projects. Russian Gazprom will invest US$120 million to complete exploration works at Ustyurt region. Total investment volume is US$400 million.

CNODC of China will spend US$58 million to exploration of five oil and gas blocks with total cost of US$208.5 million.

Consortium including Uzbekneftegaz, LUKOIL Overseas, Petronas, KNOC and CNPC will complete exploration of the Uzbek part of Aral Sea on PSA terms (project cost is US$40 million). In 2010, the consortium will direct US$17 million.

Uzbekistan plans to attract US$235.1 million to power industry to realize four projects with total cost of US$582 million.

Uzbekenergo plans to complete construction of 500 Kw high-voltage line from Syrdarya thermal power stations to Sogdiana substation with the cost of US$53.7 million. Islamic Development Bank will finance the project.

In 2010, it is planned to build facilities of external electricity supply of Tashkent with the total cost of US$26.4 million. The construction is carried out due to loan of China Eximbank.

Uzbekugol plans to modernize Angren coal mine with the cost of US$120.4 million within China Eximbank’s credit line.

Slovak Sinecta and Canadian Lavalin will continue modernization of Tashkent thermal power station with the cost of US$ 220 million due to credit line of JBIC. It is planned to use US$156 million within he project.