TASHKENT, Uzbekistan, January 12. Uzbekneftegaz
has been instructed to increase daily natural gas production from
66 million cubic meters to 70 million cubic meters and to ensure an
output of at least 25.4 billion cubic meters in 2026, Trend reports via the Uzbek
president's office.
The task was announced during President Shavkat Mirziyoyev’s
review of the objectives and long-term development plans of
Uzbekneftegaz Joint-Stock Company.
It was emphasized that increasing gas reserves will require the
development of new prospective investment blocks, as well as the
acceleration of operations and improved efficiency at fields
already allocated to investors.
The meeting also noted that current naphtha production capacity
utilization stands at around 70%, while exports of naphtha are
carried out at prices approximately 50% lower than the potential
value of processed products. In this regard, it was stressed that
processing naphtha into polymer products could increase added value
by up to six times, prompting instructions to ensure full
utilization of existing capacities.
In addition, measures aimed at improving the company’s financial
performance were discussed.
Special attention was paid to combating theft and corruption in
the oil and gas sector. To mitigate corruption risks within the
company, a new position of deputy chairman has been introduced,
alongside the establishment of a compliance and internal
anti-corruption control service. The task has been set to build an
effective system for the prompt detection and prevention of legal
violations across the industry.
The president instructed the relevant officials to further
deepen sectoral reforms, increase gas reserves and production
volumes, and strengthen financial discipline.
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