How will the Uzbekistan oil and gas market evolve?
The Uzbekistan Oil and Gas Market is expected to witness an influx of foreign participation, with several notable firms projected to partake in exploration and development agreements. These corporations, including some significant global players, are set to contribute to the enhancement of domestic natural gas production.
Why is Uzbekistan investing in oil & gas?
Additionally, the government of Uzbekistan is planning substantial investments in the oil and gas industry to develop existing fields and explore new domestic areas. This move is expected to boost production and increase export quantity, leading to enhanced revenue for the country.
How easy is it to do business in Uzbekistan?
The rank of Uzbekistan improved to 69 in 2019 from 76 in 2018. Ease of Doing Business in Uzbekistan averaged 118.17 from 2008 until 2019, reaching an all time high of 166.00 in 2011 and a record low of 69.00 in 2019. source: World Bank