Russia Oil Gas Magazine

Eriell Group in Cooperation with JSC Uzbekneftegaz Brings New Gas Wells Online in Uzbekistan and Completes Workover of 328 Wells

ERIELL Group is pleased to announce that, in line with the “Program of measures to increase hydrocarbon production for 2017-2021” and in cooperation with Uzbekneftegaz JSC, it has completed workover of 328 wells and has put into commercial operation seven new gas wells in the Kashkadarya and Bukhara regions, as …

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Russia Oil Gas Magazine

TMK Announces FY 2020 IFRS Results

PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its audited consolidated IFRS financial results for the year ended December 31, 2020. FY 2020 Highlights Financial – FY Revenue down 28% year-on-year at RUB 222.6 billion, largely reflecting the disposal …

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Russia Oil Gas Magazine

TMK to Expand Cooperation with Uzbekistan’s Oil and Gas Companies

TMK has reached an agreement on expanding cooperation with the largest oil and gas company in Uzbekistan – JSC Uzbekneftegaz. The parties are discussing joint projects aimed at the development of the oil and gas industry in the Republic of Uzbekistan, as well as research and technical cooperation. The agreement was …

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Eurasia Journal News

Shavkat Mirziyoyev Signs Decree Reforming Oil & Gas Sector

On July 9, President Shavkat Mirziyoyev signed a decree “On measures for stable provision of the economy and households with energy resources, financial rehabilitation and improvement of the management system of the oil and gas industry.” The document underscored the inefficiency of exploration, investment projects and pricing, as well as …

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Eurasia Journal News

JSC Uzbekneftegaz to be Split Up into Three Separate Companies

Bloomberg publication has published an article on the process of reforming the oil and gas industry in Uzbekistan. The material is based on an interview with the chairman of the company Bakhodirjon Sidikov. As the author of the publication Zulfugar Agayev notes, the goal of reorganizing the JSC Uzbekneftegaz is …

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Eurasia Journal News

Azerbaijani SOCAR to Increase Oil Production in Kashkadarya

JSC Uzbekneftegaz and SOCAR’s subsidiary LLC “NIPI NEFTEGAZ” have signed an agreement to increase oil production in Kashkadarya within the framework of the XXIII International exhibition and conference “Oil and Gas of Uzbekistan OGU – 2019”, the press service of the JSC Uzbekneftegaz reported. The document defines the main conditions …

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