SOCAR president, Uzbekneftegaz board chairman review cooperation prospects
On June 1, SOCAR President Rovshan Najaf met with Uzbekneftegaz Chairman Abdugani Sanginov during Baku Energy Week to discuss expanding energy sector cooperation between Azerbaijan and Uzbekistan. The meeting highlighted satisfaction with current relations, the significance of regional energy platforms, and the role of bp in the Ustyurt investment blocks PSA project.
On June 1, SOCAR President Rovshan Najaf and Uzbekneftegaz Chairman Abdugani Sanginov met in Baku during the Baku Energy Week to review energy cooperation prospects. Both sides expressed satisfaction with the development of relations between Azerbaijan and Uzbekistan, aligning with policies set by Presidents Ilham Aliyev and Shavkat Mirziyoyev. The meeting emphasized the importance of Baku Energy Week as a key regional platform for discussing energy issues. The discussions also referenced the 28th International 'Oil & Gas of Uzbekistan' Exhibition and Conference held last month, underscoring its role in fostering dialogue. Najaf and Sanginov reviewed the Production Sharing Agreement (PSA) for the Ustyurt investment blocks, where bp has joined the project for exploration, development, and production. They assessed the planned work and future collaboration opportunities. Key topics included the expansion of cooperation between SOCAR and Uzbekneftegaz, with a focus on joint projects and mutual interests. The meeting reaffirmed the commitment to strengthening energy ties between the two nations, leveraging existing platforms for further progress. Both parties acknowledged the strategic value of regional energy forums in advancing their shared objectives.
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