President of Uzbekistan Shavkat Mirziyoyev held talks with Rovshan Najaf, head of Azerbaijani energy company SOCAR, and Giovanni Cristofoli, Senior Vice President of British Petroleum (BP), during their visit to Uzbekistan for a meeting of the Council of Foreign Investors in the Fuel and Energy Sector. During the meeting, Mirziyoyev expressed satisfaction with the cooperation established between Uzbekistan and the two energy companies.
The discussions focused on further practical steps to develop hydrocarbon fields on the Ustyurt Plateau. The President also expressed appreciation for British Petroleum's participation in the project.
The parties emphasized the importance of advancing new projects in the oil and gas sector, establishing long-term supply arrangements and developing a network for the sale of oil and petroleum products.
Earlier Daryo reported that Azerbaijan's state-owned energy company SOCAR intends to expand into Uzbekistan's retail fuel market by investing in the establishment of a network of filling stations, according to Azerbaijan's Minister of Economy and SOCAR Supervisory Board Chairman Mikayil Jabbarov.
British Petroleum (BP) was among the British companies highlighted during an October 9 meeting between Uzbekistan's President Shavkat Mirziyoyev and UK Minister of State for Trade Lord Anas Sarwar, who visited Uzbekistan for the second meeting of the Uzbekistan–UK Economic Committee. The discussions covered expanding bilateral trade, investment and financial cooperation, with BP's involvement in Uzbekistan's oil and gas industry noted as part of the growing economic ties between the two countries.