SOCAR and Uzbekneftegaz discuss joint projects and measures for decarbonization The heads of the State Oil Company of Azerbaijan (SOCAR) and Uzbekneftegaz JSC held negotiations on the implementation of joint projects, the press service of Uzbekneftegaz said.Negotiations with the participation of SOCAR President Rovshan Najaf and Uzbekneftegaz Chairman of the Board Bakhodirjon Sidikov took place on May 14 in Tashkent. The meeting took place on the sidelines of the Oil and Gas of Uzbekistan - OGU 2024 international exhibition."During the meeting, key issues of cooperation on the implementation and management of joint projects, as well as the supply of joint products through the established joint venture Turan Energy were discussed. The head of SOCAR invited the delegation from Uzbekneftegaz JSC to participate in Baku Energy Week 2024 and proposed to strengthen cooperation through an exchange of experience," the statement said.The parties also emphasized the importance of work in the areas of decarbonization and ESG. "In this regard, it was proposed to create a joint group to comprehensively cover these areas and develop joint proposals," the statement said.As reported, the State Oil Company of Azerbaijan and Uzbekneftegaz agreed in July 2022 to expand cooperation in the oil and gas sector by signing a corresponding road map. Later, in June 2023, both companies signed a protocol of intent on trade in oil, petroleum products, petrochemical and gas chemical products and logistics. In addition, an agreement was signed in August on the participation of Uzbekneftegaz in oil and gas projects in Azerbaijan along with a cooperation agreement on the participation of the State Oil Company of Azerbaijan in oil and gas projects in Uzbekistan.BP Exploration, SOCAR and Uzbekneftegaz signed an agreement earlier, in May 2019 on joint research to assess the potential of three investment blocks in the Ustyurt region of Uzbekistan, namely in the Uzbek part of the Aral Sea, the Samsko-Kosbulak and Baiterek blocks. (ICE ALMATY)

Fonte notizia: Interfax