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SUPPLY
Uzbekistan has 5 remote oil and gas bearing regions. Oil
production peaked in 1998 and is now in long term decline although
foreign investment and new technology is helping maintain output for a
period.
Uzbekistan is a gas-prone country with gas mostly produced from the Amu
Darya basin in the southwest, near the border with Afghanistan and
Turkmenistan, and the Fergana Valley in the southeast.
New investment in exploration and development and in infrastructure,
especially in long distance pipeline routes, should allow the country to
increase gas output through much of the next decade after 2010 although
economic problems in the country remain.
DEMAND
Uzbekistani oil consumption is flat or declining. Exports
have ceased.
The country has relatively high gas consumption driven by its large
indigenous supplies and some growth is forecast here. Exports of gas to
Tajikistan and Kyrgyzstan have grown but there is expected to be little
room for gas exports in the medium term.
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