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Friday, 27 September 2013

Uzbekistan Oil and Gas Report Q4 2013:Energy & Power Market Research Reports

Energy & Power Market Research Reports
 
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Uzbekistan Oil and Gas Report Q4 2013
Sep 25th 2013, 00:00, by swapnil

BMI View: Conventional gas deposits would support Uzbekistan’s hydrocarbons industry, though we project a continued decline in oil production. Consumption growth in both oil and gas will be curtailed by the diversion of gas to external markets to meet its export obligations, a failure to meet its domestic refined products demand and restrictions on fuel imports. The main trends and developments in Uzbekistan’s oil & gas sector are: ? We have forecast a very gradual decline in oil reserves, with 485.3mn barrels (bbl) to remain by 2022, down from the EIA’s forecast of 582.1mn bbl for 2013. However, exploration activity …

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