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Gazprom Neft Asia To Open Its Office in Uzbekistan

09-11-2006 01:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Embassy of Uzbekistan in Germany

/ PR Agency: Presservice of the Enbassy of Uzbekistan in Berlin


According to Interfax, Russia's Gazprom Neft Asia plans to open a representative office in the Republic of Uzbekistan. The establishment of the company's representative offices in Tajikistan and Kazakhstan is also in the pipeline, whereupon it intends to penetrate into the markets of China and Afghanistan.

Such information has been revealed at the inauguration ceremony of its representative office in Kyrgyzstan.

In the words of an official from the Ministry of Industry, Trade and Tourism of this republic, Gazprom Neft Asia will deal with projects realized by Gazprom Neft in Central Asia. All of them are associated with the extraction and processing of oil, and supply and sale of fuel across the region, including China and Afghanistan.

Gazprom Neft (the former name of this company - Sibneft) has established a 100 per cent branch enterprise - OOO Gazprom Neft Asia. At the end of June 2006, Alexander Ryazanov, president of Gazprom Neft, informed that the company had bought a network of more than 100 gas-filling stations in Kyrgyzstan for US 199 million. For now, Gazprom Neft accounts for 30 per cent of the Republic's fuel market and some 70 per cent of the capital region's market for fuel and lubricants.

"Business Partner.Uz"

The Embassy of Uzbekistan
Perleberger Street 62
10559 Berlin
Phone: 030 39 40 98 -0/13
Fax: 030 39 40 98 62

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