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Gazprom to invest RUB 3 bln in Kyrgyzstan geological surveys – CEO

According to Miller, the sides discussed the sum, which will be invested in the Kyrgyzstani economy only at the first stage of geological surveys

BISHKEK, September 7 (Itar-Tass) —— Russia’s gas monopoly Gazprom plans to invest about three billion roubles (USD 1 = RUB 29.49) in the geological surveys on the territory of Kyrgyzstan, Gazprom CEO Alexei Miller said on Wednesday, commenting on results of his talks with Kyrgyzstani Prime Minister Almazbek Atambayev.

According to Miller, the sides discussed the sum, which will be invested in the Kyrgyzstani economy only at the first stage of geological surveys.

The Russian company plans to increase production of hydrocarbons in Kyrgyzstan to such amounts, which will be sufficient to cover the republic’s domestic demands in the resources, he said.

Touching upon other spheres of joint activities, the Gazprom CEO mentioned development of interaction in the banking sphere. “If we are speaking about expansion of our presence in Kyrgyzstan, we should mention cooperation in the banking sector,” Miller said.

He is confident that the entering of the company in the banking sector of Kyrgyzstan will support Gazprom’s presence in the republic.

“We also agreed to set up a mission of the group of our companies in Bishkek,” Miller said, promising to sign appropriate documents when he returns Moscow.

“During the talks with the prime minister [of Kyrgyzstan], we exchanged views on the ways for the implementation of the agreements reached,” the Gazprom CEO said.

The two sides also discussed possible participation of Russians in the privatisation of the Kyrgyzgas and KyrgyzMunaiZat (Kyrgyzneft) companies, he added.

Besides, the Kyrgyzstani head of government offered Gazprom to start cooperation in the electricity-generation sphere, Miller said.

“Gazprom is not only oil or gas. We play an important role on the Russian market of electricity generation and distribution. With this in mind, we discussed Kyrgyzstan’s possibilities in this sector,” he explained.

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