By Kamila Aliyeva
The state energy companies of Azerbaijan and Uzbekistan have agreed to jointly develop oil and gas fields.
SOCAR President Rovnag Abdullayev and Chairman of the Board of Directors of Uzbekneftegaz Alisher Sultanov signed a memorandum of understanding on the sidelines of the 21st Uzbekistan International Oil & Gas (OGU) Exhibition and Conference in Tashkent.
Azerbaijan’s state oil company SOCAR and Uzbekistan’s Uzbekneftegaz National Holding Company are linked by the relations of lasting partnership, Abdullayev said at the “Key Development Prospects for Future Growth of Oil and Gas Industry in Uzbekistan” conference held within the framework of the OGU Exhibition and Conference.
Abdullayev reminded that SOCAR and Uzbekneftegaz cooperate within the framework of a joint venture created on an equal footing for processing of oil sludge and clean-up of oil contaminated soil.
SOCAR also provides assistance to the Uzbek partners in the introduction of the latest developments and technologies in the field of energy saving and alternative energy sources, he added.
In May 2016, SOCAR and Uzbekneftegaz signed a memorandum providing for cooperation in the exploration and development of oil and gas fields and other potential areas for the development of the energy sector.
The 21st International Oil & Gas (OGU) Exhibition and Conference 2017 international exhibition and conference will end on May 19. The event is timed to the 25th anniversary of the Uzbekneftegaz National Holding Company in 2017. About 200 companies from 30 countries take part in the exhibition.
Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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