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Home / Business / Uzbekneftegaz: Localization Volume in 2019 Exceeds...

Uzbekneftegaz: Localization Volume in 2019 Exceeds One Trillion Soums

The volume of localized products in oil and gas industry of Uzbekistan by 2019 reaches one trillion 43 billion soums. The program meant for 2015-2019 includes 32 projects providing the launch of manufacture of competitive and import-substituting products.

“Implementation of 32 projects provides increasing the volume of production of localized products from 88 billions soums in 2015 to one trillion 43 billion soums in 2019. Import-substitution effect makes over $200 million, and over 1500 new jobs created. We also consider the export of localized products increases from $20 million in 2015 to $498 million in 2019,” says the head of the Board of Uzbekneftegaz National Holding Company, Shokir Fayzullaev. 

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