The key facts

  • The development of hydrocarbon deposits on the Ustyurt plateau with the participation of SOCAR and BP was discussed, as well as new oil and gas projects and supplies of petroleum products.
  • Agreements were reached to accelerate projects with Masdar, AMEA Power, ACWA Power, Cengiz Holding, Aksa Enerji, Voltamp Energy and Chinese companies.
  • A separate topic of the meeting with Trump's special envoy Sergio Gor was the preparation of the visit of Secretary of State Marco Rubio and the C5+1 meeting.

First meeting of the Investors' Council in the fuel and energy sector

On October 16, the first meeting of the Investors' Council in the fuel and energy sector was held in Tashkent. According to the presidential press service, Shavkat Mirziyoyev held a series of meetings within its framework with executives of foreign companies from Azerbaijan, the UK, China, the UAE, Turkey, Saudi Arabia and Oman.

SOCAR, BP and Ustyurt

At the meeting with the head of Azerbaijan's SOCAR Rovshan Najaf and British Petroleum senior vice president Giovanni Cristofoli, practical measures for the development of hydrocarbon deposits on the Ustyurt plateau in Karakalpakstan were discussed. The press service noted the high appreciation of BP's joining the project. The parties also emphasized the importance of advancing new projects in the oil and gas sector, establishing long-term supplies of oil and petroleum products, and developing their sales network.

Companies from the UAE and Saudi Arabia

With Masdar CEO Muhammad Jamil Al-Ramahi and AMEA Power Chairman Hussein Al-Nowais, an agreement was reached to accelerate and expand projects in green energy, modern infrastructure construction, sectoral and industrial cooperation, tourism and services. According to Spot.uz, the meeting noted a 40% growth in trade turnover with the UAE since the beginning of the year. Uzbekistan also received a delegation led by ACWA Power Chairman Muhammad Abunayyan, co-chair of the Uzbek-Saudi business council; the parties confirmed their readiness to take cooperation to a new level.

Turkish and Omani companies

With Cengiz Holding Chairman Mehmet Cengiz, the expansion of cooperation in energy, geology and infrastructure was discussed, as well as projects for the construction of thermal power plants and the modernization of distribution power grids. With Aksa Enerji Board Chairman Cemil Kazancı, the company's participation in the development and technological modernization of Uzbekistan's energy sector was considered; the parties agreed to accelerate work on specific projects. With the chairman of the board of Oman's Voltamp Energy, Sayyid Ayman al-Busaidi, the construction of solar power plants and the production of high-voltage transformers were discussed; an agreement was reached to implement projects based on a 'roadmap'.

Chinese companies

Mirziyoyev received the heads of China's CAMCE, China Energy and Sinoma Energy. The topic of the meetings was advancing joint projects in renewable energy, energy storage, waste processing and water supply. Initiatives by Chinese investors to create a logistics hub in the Andijan region, develop agrivoltaics and implement projects in the oil and gas sector received support.

Meeting with the US special envoy

The President also met with the special envoy of US President Donald Trump for South and Central Asia, Sergio Gor. The main topic was the preparation of the upcoming visit to Uzbekistan by Secretary of State Marco Rubio, within which a meeting of foreign ministers in the C5+1 format and the second meeting of the Uzbek-American Business and Investment Council are planned. According to the parties' assessment, in less than a year the council has become 'an effective mechanism for developing trade and economic ties, attracting investment and advancing joint business initiatives'.