Uzbekneftegaz and Sinopec Discuss New Joint Projects
Tashkent, Uzbekistan (UzDaily.uz) — JSC Uzbekneftegaz and China's Sinopec Corporation have discussed expanding cooperation in geological exploration, deep well drilling, and the implementation of modern oil refining technologies, according to JSC Uzbekneftegaz.
Abdugani Sanginov, Chairman of the Board of Uzbekneftegaz, met with a Sinopec delegation led by Fan Xiangnan, the company's chief representative for Russia and Central Asia.
A key topic of discussion was the development of promising hydrocarbon reserves identified in the Ustyurt region following recent geological exploration. Field development plans call for drilling wells to depths of 5,500 to 6,000 meters under conditions of high reservoir pressure and high temperatures.
Uzbekneftegaz invited Sinopec to submit modern technological solutions and commercial proposals to carry out these operations.
The parties also discussed joint geological exploration and the development of new prospective blocks. According to Uzbekneftegaz, the volume of geological exploration work in the current year has nearly tripled compared to last year. Meeting participants explored opportunities to organize joint exploration activities in promising areas and subsequent field development.
Special attention was given to introducing modern technologies in oil refining. In addition, both sides expressed interest in partnering with research institutes within the Sinopec structure and agreed to examine opportunities for collaboration in this domain.
Following the meeting, both parties reaffirmed their interest in broadening cooperation and agreed to continue practical work across the identified areas.
