SOCAR and BP may start joint activity in Uzbekistan

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# 10:26
6 February 2020

Heads of SOCAR and BP will visit Uzbekistan this month in order to discuss main terms of Production Sharing Agreement (PSA) on the sidelines of development of local hydrocarbon fields, APA-Economics reports citing Energy Ministry of Uzbekistan.

Uzbekistan, which is interested in attracting foreign investment for development of natural gas reserves, conducts negotiations with 2 companies (SOCAR and BP – red.) on the 3 blocks in west part of Ustyurt region.

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THE OPERATION IS BEING PERFORMED