SOCAR may participate in increasing gas production of Uzbekistan

Uzbekistan is planning to sign three deals with large foreign companies to boost domestic natural gas production, Report informs.

Companies like BP Plc, Total SA, Azerbaijan's SOCAR, Russia's Rosneft and Novatek are expected to participate in exploration and development agreements with the country, said the report on Uzbekistan Oil and Gas Market Size, Status, Growth and Forecast 2020-2025.

Thus, with the country's 42.7 trillion cubic feet of proven natural gas reserves as in 2018 and foreign player's participation, the country's natural gas production is likely to increase and would boost the entire upstream sector during the coming years.