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    Kazakhstan

    Russia to expand oil and petroleum product supplies to Uzbekistan

    Russia to expand oil and petroleum product supplies to Uzbekistan

    Russia is poised to increase its exports of oil and petroleum products to Uzbekistan, as disclosed by Russian Minister of Industry and Trade, Denis Manturov. The collaboration extends beyond mere trade, involving a comprehensive approach to modernizing and retrofitting testing laboratories in Uzbekistan. This initiative aims to ensure adherence to the stringent technical regulations of the Eurasian Economic Union (EAEU), reflecting a commitment to quality and compliance in bilateral transactions, TASS reports. 

    Photo: Russia to expand oil and petroleum product supplies to Uzbekistan 
    Source: Agnezia Nova

    Manturov underscored the paramount importance of this cooperation, particularly within the energy sector, signaling an intent to fortify energy-related engagements. The multifaceted collaboration is not confined to product supply but extends to the core of Uzbekistan's industrial infrastructure through laboratory enhancements.

    "We attach great importance to cooperation in the energy sector. We are exploring the possibility of increasing supplies of oil and petroleum products to Uzbekistan," Manturov stated, emphasizing the strategic significance of this move for both nations.

    Beyond the immediate economic dimensions, Manturov reiterated Russia's support for Uzbekistan's aspirations to develop its mineral resource base autonomously. This endorsement extends to fostering collaboration in geology and subsoil use, showcasing a shared commitment to sustainable resource management and mutual prosperity.

    Crucially, the partnership has already yielded successful joint projects in the form of geological exploration for oil and gas in the Aral Sea. Manturov revealed a groundbreaking achievement—the first seismic exploration work for hydrocarbon raw materials on Uzbekistan's territory. The results are pivotal, offering insights that could potentially lead to the discovery of substantial gas fields in the region.

    "For the first time in post-Soviet history, seismic exploration work for hydrocarbon raw materials was carried out on the territory of Uzbekistan. Their results make it possible to predict the discovery of large, predominantly gas fields in the region," Manturov disclosed, shedding light on the transformative outcomes of their collaborative endeavors.

    Uzbekistan's Energy Minister, Zhurabek Mirzamakhmudov, echoed the sentiment, expressing the nation's readiness to expand oil and petroleum product imports from Russia. This reciprocal enthusiasm underscores the mutual benefits and shared objectives that underpin the growing economic entente.

    This collaborative trajectory is further solidified by a trilateral agreement between Uzbekistan, Russia, and Kazakhstan. The agreement, concluded in early November, outlines plans for the transit of 1 mn tons of Russian oil through Kazakhstan to Uzbekistan in 2024. 

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    16.12.2023, 15:09   Comments (0)   2685
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