Oil and Gas Exploration
Ergash Shaismatov, the Deputy Prime Minister of Uzbekistan, announced on August 30, 2006, that the Uzbek government and an international consortium consisting of state-run Uzbekneftegaz, LUKoil Overseas, Petronas, Korea National Oil Corporation, and China National Petroleum Corporation signed a production-sharing agreement to explore and develop oil and gas fields in the Aral Sea, saying, "The Aral Sea is largely unknown, but it holds a lot of promise in terms of finding oil and gas. There is risk, of course, but we believe in the success of this unique project." The consortium was created in September 2005.
As of June 1, 2010, 500,000 cubic meters of gas had been extracted from the region at a depth of 3 km.
Read more about this topic: Aral Sea
Famous quotes containing the words oil, gas and/or exploration:
“I bade, because the wick and oil are spent
And frozen are the channels of the blood....”
—William Butler Yeats (1865–1939)
“Papa died in the gas chamber,
slipping blue as an undressed minnow,
gulping in the shower to wash the Jew off him.”
—Anne Sexton (1928–1974)
“For women who do not love us, as for the “disappeared”, knowing that we no longer have any hope does not prevent us form continuing to wait. We live on our guard, on watch; women whose son has gone asea on a dangerous exploration imagine at any minute, although it has long been certain that he has perished, that he will enter, miraculously saved, and healthy.”
—Marcel Proust (1871–1922)