After water, tea is the most popular beverage globally. Maximum of tea consumption is locally, in the country or region of production. The tea sector is marked by a handful of companies monitoring the complete tea supply chain. 85% of to…
BMI View: Conventional gas deposits would support Uzbekistan's hydrocarbons industry, though we
project a continued decline in oil production. Consumption growth in both oil and gas will be curtailed by
the diversion of gas to external markets to meet its export obligations, a failure to meet its domestic refined
products demand and restrictions on fuel imports.
The main trends and developments in Uzbekistan's oil & gas sector are:
? We are predicting a very gradual decline in oil reserves, with 485.3mn barrels (bbl) to remain by 2022,
down from EIA's estimate of 582.1mn bbl for 2013. However, exploration activity and a reasonable
discovery rate lead us to believe that it could see a rise in its gas reserves, from an estimated 1.8trn cubic
metres (tcm) in 2013 to 1.9tcm by 2022.