Embattled Japanese PM Ishiba to step down
Japanese Prime Minister Shigeru Ishiba has decided to resign to avoid a split within the ruling Liberal Democratic Party, public broadcaster NHK said ...
Uzbekistan’s Energy Ministry, the State Oil Company of the Azerbaijan Republic (SOCAR), and Uzbekneftegaz signed a Production Sharing Agreement (PSA) on Thursday for the exploration and subsequent production of hydrocarbons in investment blocks located in the Ustyurt oil and gas region.
Today (24th July) SOCAR President, Rovshan Najaf held a meeting with Uzbekistan's Minister of Energy, Jurabek Mirzamahmudov, and Uzbekneftegaz CEO, Bakhodirjon Sidiqov, which was resulted in signing the agreement on the exploration, development and production of the "Üstyurt" investment blocks in Uzbekistan, including Boyterak, Terenggudug, Birgori, Kharoy, Goragalpog and Gulboy.
Parties stated that the agreement marked a significant step in strengthening the energy partnership between Uzbekistan and Azerbaijan, laying a solid foundation for long-term cooperation in the exploration and development of hydrocarbon resources.
"The partnership with SOCAR reflects Uzbekistan's efforts to diversify sources of investment. The Ustyurt region has great potential and the signing of the PSA opens up new horizons for its development," - Uzbek Energy Minister Jurabek Mirzamakhmudov stated.
The initial phase of the agreement focuses on geological exploration to identify promising hydrocarbon areas, with SOCAR serving as the operator during this period.
According to the agreement, exploration activities—including 3D seismic surveys over an area of at least 1,000 square kilometers, the drilling of at least one exploration well—are expected to be completed within the first five years.
If commercially viable hydrocarbon reserves are discovered, the project will move into the development and production phase," the Uzbek Energy Ministry said in its statement.
SOCAR president Rovshan Najaf said that the agreement is "an evidence of our long-term strategy to develop the energy sector in Central Asia and the Caspian region."
"We are confident that this cooperation will make a significant contribution to ensuring energy security and developing Uzbekistan’s infrastructure," - Najaf added.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Türkiye plans to strengthen its energy ties with Iraq through oil, natural gas, and electricity projects, the country’s Deputy Minister of Energy and Natural Resources, Ahmet Berat Conkar, said at the Baghdad International Energy Forum.
Despite the fact that many months have passed since the tragedy, Russia stubbornly refuses to admit guilt for the downed AZAL plane. Those responsible for this catastrophe have not yet been punished: they continue to serve, and some have even received promotions.
Former U.S. President Joe Biden raised concern after being spotted in Delaware over Labor Day weekend with a large scar on his head while greeting well-wishers.
At the Prague Defence Summit, Defence Industries Secretary Haluk Görgün met with NATO Secretary General Mark Rutte, highlighting the sector’s rapid growth.
Azerbaijan has rejected Russia’s recent statement on insurance payments related to the downing of an AZAL plane, calling it misleading and an attempt to distort facts.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment