By Al Jazeera Tv

Copyright trend

BAKU, Azerbaijan, October 2. A project
implemented in partnership with SOCAR aims to expand Uzbekistan’s
energy sector by producing not only gas but also oil, said
Bahodirjon Sidikov, chairman of Uzbekneftegaz, Trend reports.

Speaking at the opening of the KAZENERGY Eurasian Forum in
Astana, Sidikov emphasized that despite Uzbekistan’s historical
deficiency in substantial hydrocarbon reserves, the petroleum
sector has consistently been a pivotal component of the national
economic framework. Hydrocarbon and refined petroleum derivatives
imports continue to constitute a significant segment of the
nation’s import portfolio.

“Now, in the Ustyurt region, we are beginning to see real
potential for extracting liquid hydrocarbons. Oil has always been
the foundation of the energy transition: first oil, then gas, and
later other sources. This is why we continue to seriously consider
oil projects,” Sidikov said.

He also emphasized technological progress, noting that the
average well depth in Ustyurt reaches around 5,000 meters.

“Two years ago, drilling a well of this depth would have taken
nearly a year, around 300 days. Today, thanks to modern technology,
new equipment, and knowledge sharing with our partners, the same
task is completed in just two months. This fundamental change means
new fields can be brought online much faster than before. This
speed is one of our key advantages under current conditions,” he

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