The State Oil Company of Azerbaijan (SOCAR) has launched exploration work at an oil field in Uzbekistan, according to Azerbaijani President Ilham Aliyev.
Speaking after a trilateral meeting with Uzbekistan’s President Shavkat Mirziyoyev and Turkmenistan’s National Leader Gurbanguly Berdimuhamedov, Aliyev expressed optimism about the project’s potential.
«We hope that within the next year or two, SOCAR will deliver good news. Everyone is eagerly awaiting the announcement of a major oil discovery in Uzbekistan,» he said.
The initiative follows an agreement signed in July between Uzbekistan’s government and SOCAR to jointly develop oil resources...