Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
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.