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Kyrgyzneftegaz Attracted $100 mln of Investments

Saturday 3 October 2015

Bishkek (24.kg news agency) — Kyrgyzneftegaz JSC attracted $100 mln of investments which are already directed on the development of new deposits, Vice Prime Minister of Kyrgyzstan Valery Dil said during his working trip to the industrial enterprises of Jalal-Abad region, the press service of the Cabinet of Kyrgyzstan reported.

Thes investments are supposed to increase oil production by 50%. Vice Prime Minister wished heads of the region and local government “to be closer to the people, every day deal with issues of regional development and small towns, to work actively with investors ready to create new industries in the region.” According to him, “this will give a multiplier effect, including increase in tax liabilities, which will solve many problems, including the social sphere.”

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