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:
Azerbaijan's chairmanship of the Conference on Interaction and Confidence Building Measures in Asia (CICA) has been extended until 2028, as lea...
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions wi...
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s...
Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
Azerbaijan's chairmanship of the Conference on Interaction and Confidence Building Measures in Asia (CICA) has been extended until 2028, as leaders gather in Baku for the organisation's seventh summit to discuss regional security and cooperation.
Azerbaijan exported 18.4 billion cubic metres of natural gas in the first nine months of 2026, with Europe taking the largest share, according to operational data shared by Baku’s Energy Ministry on Thursday.
The oldest shipwreck discovered to date is believed to have been found off the southern coast of Türkiye. Archeologist Professor Hakan Oniz said that the vessel, located off the uninhabited Kekova Island, is thought to be the oldest known because of amphoras found among the wreckage.
Torrential rain triggered widespread flooding across İstanbul, Türkiye, on Wednesday, killing a 14-year-old boy, inundating homes and businesses, and leaving residents stranded as emergency crews carried out rescue operations across several districts.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment