Discussion of efficiency and prospects of the oil and gas industry

On January 25, a meeting on efficiency of geological exploration and production activities carried out in “Uzbekneftgaz” joint stock company, the state of ensuring domestic demand for fuels and lubricants, and tasks of the industry for the future was held under the chairmanship of the President of the Republic of Uzbekistan Shavkat Mirziyoyev.

Reforms were carried out in the oil and gas industry in accordance with the Action Strategy on five priority areas of development of the Republic of Uzbekistan in 2017-2021. In particular, activities of “Uzbekneftgaz” JSC were improved by the resolution of the President of the Republic of Uzbekistan “On measures of improving the management system of the oil and gas industry” of June 30, 2017.

The Program for increasing extraction of hydrocarbon raw materials up to 2021 has been approved, mechanisms for its implementation have been determined.

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