Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan and China National Petroleum Corporation (CNPC) have discussed prospects for joint energy projects, including the development of underground gas storage facilities and the exploration of new deposits.
The meeting with Zhou Xinhuai, a member of CNPC’s board of directors and its president, was held at Uzbekistan’s Cabinet of Ministers, Deputy Prime Minister Jamshid Khodjaev said.
According to Khodjaev, Uzbekistan was among the first countries Zhou visited after his appointment.
The talks focused on opportunities to expand cooperation in the oil and gas sector. Key areas included developing underground gas storage facilities, improving the reliability of the gas transportation system and developing new oil and gas fields. Particular attention was paid to advancing an underground gas storage project.
Khodjaev welcomed CNPC’s interest in expanding its investment presence in Uzbekistan and said the country was ready to consider new initiatives on mutually beneficial terms.
CNPC is China’s largest oil and gas company and ranks among the leading companies in the Fortune Global 500. The corporation is also one of Uzbekistan’s key partners in developing the oil and gas industry.
