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KYRGYZSTAN


CAPITAL: BISHKEK
MONETARY UNIT: SOM
REFINING CAPACITY: 10,000 B/CD
OIL PRODUCTION: 1,000 B/D
OIL RESERVES: 40 MILLION BBL
GAS RESERVES: 200 BCF

Kyrgyzstan has significant undeveloped hydroelectric potential and limited oil and gas reserves. Imports provide most of its energy.

State Kyrgyzneftegaz operates some 400 wells in seven fields capable of producing oil or gas and has 2,000 employees.

Undiscovered resources in the republic's part of the Fergana basin are estimated by the US Geological Survey at 840 million bbl of oil and 660 bcf of gas and by the World Bank at 2.8 billion bbl of oil and 10.8 tcf of gas.

Kyrgyz Petroleum Co., owned 50-50 by Kyrgyzneftegaz and Kyrgoil Corp., Calgary, holds the exclusive right to complete, recomplete, and rework producing and nonproducing wells and drill new wells in 12 defined license areas in the Fergana basin in western Kyrgyzstan. The license areas cover a combined 1.6 million acres.

Kyrgoil said incremental oil production from the workover and refracturing of 20 oil wells in Mayli-Su IV field declined from an initial 150 b/d to 39 b/d in 1999. Oil field activity in 1999 was limited to maintenance of the 20 wells previously fractured. This field was discovered in 1948.

Kyrgyzstan was the site of the drilling in 1999 of a single exploratory well, by a local group, outcome uncertain.

The republic imports gas through the Bukhara-Tashkent-Bishkek-Almaty pipeline. The southern part of Kyrgyzstan receives gas from Turkmenistan and Uzbekistan.

KPC's 10,000 b/d refinery at Dzhalal-Abad in the southern part of the republic was built by Petrofac International Ltd. and started up in 1996. It produces A-76 leaded gasoline, A-80 unleaded gasoline, diesel, and fuel oil.

At year-end 1999, Petrofac, renamed Petrofac Resources International Ltd., owned 46% of Kyrgoil, and the refinery was considered collateral for Kyrgoil debt to Petrofac.

The refinery was designed to process typical Kyrgyz 30° sweet crude. Because domestic production is low, KPC imports condensate and naphtha from neighboring countries. Throughput averaged 3,366 b/d in 1999.

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