SOCAR to increase oil production in Kashkadarya
19/05/2019 13:26
SOCAR to increase oil production in Kashkadarya
19/05/2019 13:26
Tashkent, Uzbekistan (UzDaily.com) -- Azerbaijani company SOCAR will increase oil production in Kashkadarya region.
The corresponding Agreement was signed between Uzbekneftegaz and SOCAR’s subsidiary NIPI NEFTEGAZ LLC in Tashkent.
The document defines the main conditions for cooperation to increase hydrocarbon production at the Garbiy Tashli and Sharkiy Tashli, Shimoliy Shurtan and Garmiston fields of the Republic of Uzbekistan using advanced methods and technologies from SOCAR.
It should be noted that this is the first such project of Uzbekneftegaz with Azerbaijani SOCAR. Agreements on its joint implementation were reached at the International Exhibition and Conference "Oil and Gas of Uzbekistan OGU -2018". A Memorandum of Understanding was signed, which became the basis for establishing a close partnership with the global oil and gas company.
The development of cooperation between the two companies will increase the production of hydrocarbons in Uzbekistan and will affect the increase in socio-economic development of the Kashkadarya region.
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