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Gazprom plans to invest over $100 mln in Kyrgyzstan geological surveys – CEO

September 07, 2011, 19:32 UTC+3
Miller is confident that it is rather realistic to explore oil and gas fields in Kyrgyzstan, which can cover the country’s domestic demand in hydrocarbons
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BISHKEK, September 7 (Itar-Tass) —— Russia’s gas giant Gazprom plans to invest more than 100 million U.S. dollars in the geological exploration of oil and gas in Kyrgyzstan, Gazprom CEO Alexei Miller said on Wednesday, summing up results of his talks with Kyrgyzstani Prime Minister Almazbek Atambayev.

Miller is confident that it is rather realistic to explore oil and gas fields in Kyrgyzstan, which can cover the country’s domestic demand in hydrocarbons.

“We clearly understand how to continue the geological survey activities in Kyrgyzstan,” Miller said.

Initial investments in geological exploration in Kyrgyzstan will make up at least three billion roubles (more than 100 million U.S. dollars), he said, adding that this is a rather big sum.

In order to organise intensive and efficient work, “we jointly with the prime minister [of Kyrgyzstan] signed a protocol, which determines deadline for the fulfilment of this activity,” the head of the Russian gas monopoly said.

In his words, all the necessary preparations for the joining Kyrgyzgaz will be over in the near future. “The relevant activity is under way. We hope to yield results in the near future,” Miller said.

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