12:25 - 13.05.2026

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May 13, Fineko/abc.az. BP today confirmed its entry into a production sharing agreement (PSA) for six blocks in the North Ustyurt region of the Republic of Uzbekistan.

ABC.AZ reports, refering to BP, that the relevant agreements were signed in Tashkent on the sidelines of the Oil & Gas of Uzbekistan Conference - 2026. They include the Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy blocks.

The documents were signed by Jurabek Mirzamahmudov, Minister of Energy of the Republic of Uzbekistan; Abdugani Sanginov, Chairman of the Management Board of Uzbekneftegaz JSC; Rovshan Najaf, President of SOCAR; and Gio Cristofoli, BP's regional president for Azerbaijan, Georgia and Türkiye.

BP has acquired a total 40% participating interest in the PSA – 20% from each of the existing partners SOCAR and Uzbekneftegaz. Following BP's entry, the participating interests in the PSA are: bp 40%, Uzbekneftegaz 30% and SOCAR 30% (operator).