A new trilateral energy partnership involving Uzbekneftegaz, Azerbaijan’s state oil company SOCAR and BP has been announced during Uzbekistan Energy Week 2026 in Tashkent.
The agreement focuses on geological exploration and future hydrocarbon production in Uzbekistan’s Ustyurt region and marks BP’s entry into one of the country’s major energy projects.
The production-sharing agreement was signed by representatives of Uzbekistan’s Ministry of Energy, Uzbekneftegaz, SOCAR and BP on the sidelines of the Oil and Gas Uzbekistan conference.
According to the parties, the project covers geological exploration across six investment blocks in the Ustyurt region: Boyterak, Terengquduq, Birqori, Haroy, Qoraqalpoq and Qulboy.
The initiative aims to expand Uzbekistan’s hydrocarbon resource base through the attraction of international investment, advanced exploration technologies and global expertise.
Officials said BP’s participation reflects growing international confidence in Uzbekistan’s energy sector and the country’s ongoing economic reforms.
SOCAR President Rovshan Najaf stated that the combined experience of the participating companies would contribute to the successful implementation of the project and the further development of the region’s energy potential.
Meanwhile, BP representatives described Uzbekistan as a market with significant resource opportunities and highlighted the strategic importance of expanding cooperation in the country’s energy sector.
Alongside energy cooperation, SOCAR is also strengthening educational partnerships in Uzbekistan through the Baku Higher Oil School.
The institution has launched a dual-diploma master’s programme in Oil and Gas Technology together with Bukhara State Technical University and Tashkent Chemical-Technological Institute. Currently, 16 students from the Uzbek partner universities are studying on the programme and are expected to graduate in June 2026.
Experts say projects of this scale highlight Uzbekistan’s growing role as an energy and investment hub in Central Asia while strengthening cooperation between regional and international partners.
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