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Saudi Aramco may participate in two projects in Uzbekistan

July 24/ 08:01

Moscow. Saudi Aramco has taken interest in joining two Lukoil projects in Uzbekistan, Kandym and Hissar, but companies have not held negotiations on this issue so far, LUKOIL CEO Vagit Alekperov told reporters on Tuesday.

"They show interest but no negotiations have been held as yet. They have not made any proposals for the time being," the top manager said.
Saudi Aramco expressed desire to join Kandym and Hissar projects in Uzbekistan eighteen months ago, Alekperov noted. "No activities so far," he added, informs TASS.
LUKOIL has been working in Uzbekistan for 15 years. Its total investments in all projects there make about $8 bln. The company is involved in the most ambitious projects in the country, working under production sharing contracts for Kandym-Khauzak-Shady and Hissar projects.
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