TASHKENT, Uzbekistan, August 22. Azerbaijan’s
state oil company SOCAR plans to enter Uzbekistan’s retail fuel
market, followed by investments in the construction of a network of
filling stations, Azerbaijan’s Minister of Economy Mikayil Jabbarov
said at the fourth Uzbekistan-Azerbaijan Regional Forum in
Tashkent, Trend's
special correspondent reports.
According to Jabbarov, SOCAR’s activities in Uzbekistan will
include entering the retail market and subsequently investing in
the development of a network of filling stations.
Jabbarov also highlighted the involvement of another major
Azerbaijani state-owned company, AzerGold, in projects in
Uzbekistan. “My colleague has already mentioned AzerGold, another
major state-owned company that, in partnership with Uzbek
companies, will carry out both geological exploration and mining
operations,” the minister said.
He emphasized that these projects are being implemented directly
in Uzbekistan’s regions. “All this activity is taking place in the
regions of Uzbekistan,” Jabbarov noted.
The fourth Uzbekistan-Azerbaijan Regional Forum focuses on
expanding interregional economic cooperation and implementing joint
investment and trade projects. The forum is being held in Tashkent
and aims to further develop direct ties between the regions of the
two countries and expand cooperation in investment, industry and
trade.
