BAKU, Azerbaijan, October 6. President of
Uzbekistan, Shavkat Mirziyoyev, and Lukoil founder Vagit Alekperov
discussed the Russian energy company’s ongoing projects in
Uzbekistan and plans to expand its operations during a meeting in
Tashkent on Oct. 6.


This was reflected in the statement by the press service of the
Uzbek president.


"Alekperov briefed Mirziyoyev on the current status of Lukoil’s
projects in Uzbekistan’s energy sector, including geological
exploration, development of prospective hydrocarbon fields, and
expansion of the company’s retail network for petroleum products,"
the Uzbek president’s office said.


Additionally, the sides reviewed Lukoil’s plans to expand its
activities in Uzbekistan and discussed the company’s ongoing work
in the country’s oil and gas sector.


"Particular attention was paid to the current state of projects
and prospects for expanding the company’s activities in
Uzbekistan," the Uzbek president’s office said.







Lukoil has been involved in Uzbekistan’s energy sector through
projects related to natural gas production and processing, as well
as the development of hydrocarbon resources.


The meeting highlights continued cooperation between Uzbekistan
and Lukoil in developing the country’s energy resources and
attracting investment and technology to the sector.


Lukoil has been operating in Uzbekistan since 2004 and is one of
the country’s major foreign investors in the oil and gas sector.
The company operates the Kandym-Khauzak-Shady and South-West Gissar
projects under production-sharing agreements, with Uzbekneftegaz as
its strategic partner. Lukoil says its cumulative gas production
from these projects has reached 100 billion cubic meters, while its
investments in Uzbekistan have totaled about $8 billion.


The Kandym-Khauzak-Shady project includes the Kandym group of
gas fields and an 8.1 billion cubic meter-per-year gas processing
complex, commissioned in 2018. The South-West Gissar project covers
seven fields in the Kashkadarya region and operates under a
production-sharing agreement signed in 2007.