Lukoil Envisions Broadening Its Horizons In Uzbekistan
Date
1/30/2025 9:07:05 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, January 30. Uzbekistan
and Lukoil engaged in a dialogue about broadening the company's
presence within the nation, Trend reports.
The matter was reviewed at a meeting between President of
Uzbekistan Shavkat Mirziyoyev and Founder of Lukoil Vagit
Alekperov.
In the meeting, both parties zeroed in on Lukoil's current and
upcoming ventures in Uzbekistan's energy landscape, covering
geological exploration, the advancement of promising hydrocarbon
fields, infrastructure upgrades, and the growth of the retail fuel
network.
The two sides also shared their thoughts on the company's future
strategies in Uzbekistan, highlighting the importance of workforce
training, job creation, and the execution of socially impactful
initiatives.
The PJSC Lukoil Oil Company operates as a Russian multinational
energy entity based in Moscow, focusing on the extraction,
production, transportation, and marketing of petroleum, natural
gas, petroleum derivatives, and electricity. In 1991, a strategic
consolidation occurred involving the merger of three state-operated
enterprises from western Siberia. Lukoil operates a portfolio of
seven oil-refining entities across Eastern Europe, boasting a
cumulative processing capacity of 82.1 million tons annually. In
Russia, it possesses significant refining facilities in Volgograd,
Perm, Nizhny Novgorod, and Ukhta, along with smaller refineries in
Uray and Kogalym. The company additionally possesses refineries
located in Bulgaria and Romania, along with a 45 percent equity
interest in an oil refining facility in the Netherlands.
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