LUKOIL
LUKOIL is one of the largest investors in Uzbekistan’s energy sector, with cumulative investments exceeding $10 billion, including the $3.5 billion Kandym Gas Processing Complex capable of processing 8.1 billion cubic metres of natural gas annually.
LUKOIL is one of the largest foreign investors in Uzbekistan’s fuel and energy sector. The company initiated its primary operations in the country following the 2004 signing of a production-sharing agreement for the Kandym-Khauzak-Shady-Kungrad project in partnership with Uzbekneftegaz. By 2024, LUKOIL’s cumulative investment in Uzbekistan exceeded $10 billion. A cornerstone of its asset portfolio is the Kandym Gas Processing Complex in the Bukhara Region, commissioned in 2018 with an investment value of $3.5 billion and an annual design capacity to process 8.1 billion cubic metres of natural gas. Alongside the central processing facility, LUKOIL’s broader activities encompass gas extraction projects, production wells, pipelines, gathering networks, and field infrastructure across the Bukhara and Kashkadarya regions. These long-term capital investments have significantly expanded the nation’s natural gas processing capabilities, generated skilled industrial employment, and contributed to regional infrastructure development.