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.
Read more:
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, acc...
Iran has buried servicemen and civilians, including people attending a wedding, killed in recent U.S. air raids on southern and western parts of th...
President Donald Trump is leaving more than a paper trail from his time in office. The U.S. is now minting commemorative $1 coins for America&rsquo...
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
A unique architectural monument dating back to the 9th to 12th centuries has been discovered in the village of Gargara, in the Korez village commune Dangara district in Tajikistan.
For centuries, Lahore has been shaped by the people, cultures and empires that passed through it. Now, the Pakistani city is preparing to put that rich history before a wider regional audience.
Iran has buried servicemen and civilians, including people attending a wedding, killed in recent U.S. air raids on southern and western parts of the country. Tehran has called on the UN Security Council to condemn the attacks as a “war crime” under international law.
Missiles and drones targeting Kuwait are turning the northern Gulf into a new frontline in the U.S.-Iran conflict, with Kuwaiti forces reporting repeated interceptions of Iranian attacks, including strikes aimed at sites linked to the U.S. military.
Two people have been rescued alive from a tunnel in Nepal, nine days after catastrophic floods devastated the country, as rescuers continue searching for survivors.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment