15:10 - 2.10.2025

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October 2, Fineko/abc.az. Uzbekneftegaz JSC is inviting third-party partners to participate in the Production Sharing Agreement signed in the summer of 2025 with the State Oil Company of the Azerbaijan Republic (SOCAR) for geological exploration and subsequent production in Ustyurt region.

ABC.AZ reports that Uzbekneftegaz Chairman of the Board Bakhodirjon Sidikov said this at the 16th Kazenergy Eurasian Forum "A New Energy Order: Focus on Middle Powers.

"As you know, we recently announced the start of cooperation with SOCAR. We also invite third-party partners to participate in this collaboration, and this will become part of our agreement," he noted.

He noted that Uzbekistan has been experiencing a long-term decline in natural gas production. However, with modern technology, qualified specialists, and reliable partners, there is an opportunity to improve the situation this year.

"First and foremost, we're talking about new geological exploration and investment, using cutting-edge technologies and experienced partners. We've already seen some positive developments since this year: new fields have been discovered on the Ustyurt Plateau," he said.