Uzbekistan has prepared 128 blocks for oil and gas production in various regions of the country, which are being offered to foreign investors. President Shavkat Mirziyoyev announced this during an open dialogue with investors on Friday.
Estimates suggest that these blocks contain 5.8 trillion cubic meters of gas and 560 million tons of liquid hydrocarbons. The President noted that cooperation in the oil and gas sector is expanding into geological exploration, increasing the efficiency of existing fields, and deep raw material processing.
Currently, geological exploration is underway in six investment blocks in the Ustyurt region with the participation of Azerbaijan's state oil company SOCAR and the British company BP. Additionally, another 128 blocks have been prepared in other parts of Uzbekistan for potential foreign partners.
Mirziyoyev emphasized that when realizing these opportunities, the key criteria must be competition, transparency, and economic efficiency.