News about SOCAR: events, facts and developments on tafs uz.
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The joint project of Uzbekneftegaz, SOCAR and BP to develop the oil and gas resources of Ustyurt is still at the geological exploration stage: the field has not been discovered, and drilling of the first well is planned for next year. The company clarified the details and named Ustyurt a key direction for production growth.
Otabek YusupovOn October 16, the first meeting of the Investors' Council in the fuel and energy sector was held in Tashkent. President of Uzbekistan Shavkat Mirziyoyev met with executives of companies from Azerbaijan, the UK, the UAE, China, Turkey, Saudi Arabia and Oman. The discussions covered the development of deposits on the Ustyurt plateau, green energy, thermal power plants, a logistics hub in the Andijan region, and preparations for the visit of US Secretary of State Marco Rubio.
Nilufar KarimovaPresident 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 Rahimova
