2024-05-26 02:37:44
The Uzbekneftegaz firm could enter the Shah Deniz fuel condensate challenge on the Azerbaijani Caspian shelf.
As Day.Az reviews on Tuesday close to Development, the Minister of Funding, Trade and Commerce of Uzbekistan Laziz Kurbatov advised reporters about this on the sidelines of the II Azerbaijan-Uzbekistan Interregional Discussion board in Guba.
“We invite the SOCAR firm and are speaking with it about its participation in oil and fuel manufacturing tasks in Uzbekistan. Equally, the difficulty of Uzbekneftegaz’s entry into fuel manufacturing tasks in Azerbaijan is now being mentioned and is on the last stage. Sure, it’s out there in I imply the Azerbaijani challenge “Shah Deniz”. Share participation is a topic of negotiations,” he defined.
Kurbatov expressed hope that the signing of paperwork on the entry of Uzbekneftegaz into Shah Deniz will happen within the coming months.
“Our participation on this challenge requires severe monetary and authorized experience with the participation of a overseas marketing consultant. We’re severe about these prospects,” he emphasised.
It must be famous that the Shah Deniz challenge has been carried out since 1996. In 2013, the settlement on the event of the Shah Deniz discipline was prolonged till 2046.
Presently, the challenge individuals are bp (manufacturing operator – 29.99%), Lukoil (19.99%), TPAO (19%), NIKO (10%), SGC Upstream (representing the pursuits of Azerbaijan, 21.02%) .
Shah Deniz reserves are estimated at 1.2 trillion cubic meters of fuel, thus far about 20% of this useful resource has been extracted.
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