Lukoil to Sell Foreign Assets After New US Sanctions
Lukoil produces around 2% of global oil output
Oil
Condor Energies to Drill Uzbekistan’s First Long Horizontal Gas Well
Plans for 2026 include up to five horizontal wells
Oil Prices Rise 2.5% After US Imposes Sanctions on Russia’s Rosneft and Lukoil
The UK imposed similar sanctions last week
Uzbekistan and Russia Explore Joint Development of Hard-to-Recover Oil and Gas Reserves
Russia supplied 233,500 tonnes of crude oil to Uzbekistan last year
Fire Erupts at Chevron’s El Segundo Refinery in California
The cause of the blaze remains unclear
OPEC+ Moves to Restore Oil Output with Major September Increase
The agreement also includes an additional quota adjustment for the UAE
Indian State Refiners Halt Russian Oil Purchases
India has become the leading buyer of seaborne Russian oil since 2022
Uzbekneftegaz and SOCAR to Develop Ustyurt Hydrocarbon Reserves
The agreement lays the groundwork for long-term collaboration
Uzbekistan and Azerbaijan Sign Deal for Joint Oil Exploration in Ustyurt
The two sides will also conduct joint geological surveys in other promising areas
Oil Prices Steady Amid EU Sanctions and U.S. Tariff Uncertainty
Uzbekistan to End AI-80 Petrol Production From September
The company’s system aim to use up their remaining AI-80 stocks by the end of 2025
Russia Ratifies Updated Oil Trade Agreement with Kazakhstan
Russia has ratified a revised oil trade agreement with Kazakhstan, extending the deal to 2028.
EDB: Uzbekistan’s Economy to Grow 6.5% in 2025
Inflation to slow to 8.1% by year-end
Oil Prices Fall Sharply as Israel Confirms Ceasefire with Iran
Oil prices plunged after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears of further conflict and restoring calm to global energy and financial markets.
Oil Rises to $78.5 After U.S. Strikes on Iran
WTI climbs to $75.35 per barrel
Kazakhstan Ramps Up Oil Transit via Azerbaijan, Targets 1.7 Mln Tons
Kazakhstan Hits Record Oil Production Amid Russian Export Challenges
Recent Trends in Uzbekistan Fuel Prices
Before this, fuel prices had been decreasing for several weeks
Shell’s Profits Decline In 4Q24
Company plans share buyback