OREANDA-NEWS. May 17, 2012. Oil and Gas Uzbekistan (OGU) is the most significant and authoritative international forum in oil and gas sector of Uzbekistan. Russia’s Lukoil has been participating in the Uzbek exhibition and conference since 2004.

ITE Uzbekistan will organize the 16th International exhibition “Oil and Gas Uzbekistan – OGU-2012” this year and the event will provide unique opportunities to leaders of Uzbek and global oil and gas industry to present latest developments and solutions to specialists of the sector and establish direct business contacts.

Development of oil and gas industry in Uzbekistan and rich potential attracts great attention to the sector by the foreign businesses. Business circles from all over the world know that oil and gas sector for Uzbekistan is one of basic industries of economy, development of which sector Uzbek government pays great attention.

Uzbekistan is on the third place in the CIS after Russia and Turkmenistan on gas production and the fifth place on production of fuel-energy resources. Uzbekistan is among the tenth largest gas mining countries in the world. Uzbekistan has good perspectives for development of this direction. Perspectives of development of international cooperation in fuel and energy complex of Uzbekistan will be main topic of the exhibition.

International conference annually attracts large number of international experts. The exhibition has certificate of UFI, which approves quality and that it meets international standards. The event provides large volume of information to thousands of participants and visitors.

Lukoil is “golden” sponsor of the exhibition.

Today Lukoil is one of dynamically developing international companies in oil and gas sector, which works in Russia, Eastern Europe, Middle East, Asia, Africa Southern and Northern America.

In Uzbekistan, Lukoil implements oil and gas project “Kandym-Khauzak-Shady-Kungrad” in line with product sharing agreement, signed in 2004 by Lukoil, Uzbekneftegaz and the Government of Uzbekistan.