Uzbekistan's Uzbekneftegaz Outlines Strategic Priorities For 2025
Date
12/20/2024 1:08:44 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, December 20.
Uzbekneftegaz (Uzbekistan's oil and gas company) outlined priority
tasks for 2025, Trend reports.
According to the Uzbek president's office, key directions
include implementing joint projects with foreign companies,
drilling new operational wells, and repairing existing ones using
modern technologies.
To stabilize gas production volumes and enhance industry
efficiency, the company plans to intensify geological exploration.
Detailed surveys will begin at 15 promising sites, and seismic
exploration will cover an expanded area of 6,500 square
kilometers.
In 2025, a program for geological development and the
exploration of new fields, developed with international experts,
will also be launched. Uzbekneftegaz will continue its
transformation to reduce production costs, improve its
international credit rating, and attract foreign investments to
finance new projects.
Meanwhile, Uzbekistan's natural gas production fell to 37 bcm on
an annualized basis from January through October of this year. This
figure is 5.1 percent less compared to the same period of 2023
(38.9 bcm in January-October 2023).
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