TASHKENT, Uzbekistan, February 26. JSC
Uzbekneftegaz and representatives of Azerbaijan’s State Oil Company
SOCAR discussed expanding cooperation aimed at improving the
efficiency of the Bukhara Oil Refinery, Trend reports via the Uzbek company.
The issue was reviewed during a meeting between Chairman of the
Management Board of Uzbekneftegaz, Abdugani Sanginov, and
executives of SOCAR’s subsidiaries - SOCAR Trading and SOCAR
Downstream Management.
The parties discussed proposals to introduce modern operational
solutions, digitalize production processes, and enhance the
refinery’s energy efficiency. Particular attention was given to the
potential organization of a technical audit and the development of
practical recommendations for the plant’s modernization.
It was noted that the strategic partnership between Uzbekistan
and Azerbaijan, supported at the level of Presidents Shavkat
Mirziyoyev and Ilham Aliyev, has been steadily strengthening,
creating additional opportunities for expanding cooperation in the
oil and gas sector.
Following the talks, the sides agreed to continue practical
engagement. An agreement was also reached to organize a visit of an
Azerbaijani working group to the Bukhara refinery to conduct a
technical assessment and prepare concrete proposals on further
steps.
In August 2024, Uzbekneftegaz and SOCAR signed a cooperation
agreement in the hydrocarbon sector, launching geological
exploration activities on the Ustyurt Plateau, including seismic
surveys and preparations for hydrocarbon production.
Additionally, on July 24, 2025, the parties concluded a
Production Sharing Agreement (PSA), which provides for fully
meeting Uzbekistan’s domestic oil demand for the next 25 years. The
extracted gas will also be supplied to the domestic market,
supporting the country’s industry with accessible and quality
petroleum products.
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