BAKU, Azerbaijan, October 6. Uzbekistan plans
to increase the volume of 3D seismic exploration fivefold in 2026
compared with 2025 as it seeks to expand its natural gas reserves,
following the presentation reviewed by Shavkat Mirziyoyev on Oct.
5.
This was reflected in the statement by the press service of the
Uzbek president.
Mirziyoyev reviewed a presentation on major projects in the oil
and gas sector, including the implementation of two resolutions
adopted this year to improve the operations of Uzbekneftegaz and
address issues related to procurement and production.
Since the beginning of the year, Uzbekistan has discovered five
new gas fields, while 80 wells have been drilled across the
country, including deep wells reaching 6,000 meters or more,
according to the presentation.
Another 40 wells are scheduled to be drilled during the fourth
quarter. The government is also expanding exploration of
prospective areas, with particular attention to deep-lying
formations in the Ustyurt region, as well as the development of new
fields and improving the productivity of existing wells.
The presentation emphasized the need to modernize drilling
operations and introduce advanced technologies. Several projects
are currently being implemented in Ustyurt with foreign partners to
drill new wells, reanalyze geophysical data and improve gas
production efficiency.
Mirziyoyev instructed officials to increase the effectiveness of
geological exploration and drilling operations, ensure major
projects are based on detailed calculations and secured financing,
and improve the overall efficiency of industry enterprises,
according to the Uzbek president’s office.
Moreover, the meeting reviewed the financial performance of
Uzbekneftegaz and its major enterprises. Their combined net profit
increased in the first nine months of the year compared with the
same period in 2025, while optimization of the companies’ loan
portfolios helped reduce debt and lower servicing costs.
Separate attention was given to projects aimed at increasing the
capacity of Uzbekistan’s gas transmission system. The plans include
constructing new main gas pipelines and modernizing compressor
stations. The projects, including the installation of modern
electric motors at some stations, are expected to improve supply
stability and save up to 125 million cubic meters of natural gas
annually.
Additionally, the presentation covered efforts to address the
accident at the 25 Years of Independence gas field, where a
specialized Chinese company has been involved in the response.
Specialized equipment is being delivered to the site, while
preparations are underway for drilling operations. Officials were
instructed to prioritize strict safety requirements throughout the
response.
Mirziyoyev also reviewed measures to increase production and
improve the financial position of the Fergana Oil Refinery.
Following repairs to key processing units, diesel fuel production
increased by 30%, bitumen output by 60%, and jet fuel production
fivefold.
The refinery’s capacity utilization is planned to increase from
40% to 65% by the end of the year, with further increases planned
afterward. Measures are also being taken to secure stable feedstock
supplies, improve the use of existing capacity and reduce
outstanding debt.