News about oil and gas: events, facts and developments on tafs uz.
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EU Commissioner for International Cooperation Jozef Síkela said the EU will maintain its position against oil and gas extraction in the Arctic, despite the different approach of the US and Norway. He also warned that cuts to international funding in the EU's new long-term budget could have 'dystopian' consequences and 'cost human lives'.
Sevara AzamovaPresident Shavkat Mirziyoyev, at a dialogue with fuel and energy sector investors on October 16, announced plans to offer foreign companies 128 new oil and gas blocks with a preliminary resource estimate of 5.8 trillion cubic meters of gas and 560 million tons of liquid hydrocarbons. Currently, SOCAR and BP are conducting geological exploration at six blocks in the Ustyurt region.
Dilnoza RahimovaOn October 14, US President Donald Trump announced on Truth Social plans for large-scale exploration for oil, gas, and minerals in Greenland, calling its reserves very large. He also emphasized the island's importance for the security of the US and Europe. Details of company and US involvement were not disclosed.
Otabek Yusupov
