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Search oil and gas resume in uzbekistan

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Uzbekistan’s oil and gas sector: towards enhanced efficiency and transparency

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Uzbekistan launching offshore work in Azerbaijan and Turkmenistan

New industrial reserves of gas condensate were discovered on the Ustyurt plateau in Karakalpakstan, Uzbekneftegaz reported. The presence of industrial volumes of gas and condensate was discovered at a depth of 3, meters in accordance with forecasts of domestic geologists. Assessment of the reserves of new gas fields has not yet been completed. According to its results, a decision will be taken on further industrial production, as well as on the continuation of geological exploration work.
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Uzbekistan is continuing to reform its fuel and energy industry to develop its energy resources. On July 9, , the President of Uzbekistan signed the Resolution that provides for measures to improve the oil and gas sector PP The Resolution states that the current outdated and non-transparent management system, which combines regulatory functions and commercial activities, hampers development of the oil and gas industry. PP states that Uzbekistan, in cooperation with international consulting firms and financial institutions, has elaborated a concept for the development of the oil and gas sector of the Republic of Uzbekistan up to the Concept.
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