President of Azerbaijan Ilham Aliyev plans to make an official visit to Uzbekistan, said the Ambassador Extraordinary and Plenipotentiary of Uzbekistan to Baku Bahrom Ashrafkhanov.
“At present, work is underway to prepare a package of documents, and a work plan for two or three years is being worked out in order to work substantively,” Ashrafkhanov said yesterday at a business forum organized by the Caspian Energy Club.
According to him, Uzbekistan considers the Trans-Caspian and Trans-Caucasian corridors as one of the most promising and strategic.
The diplomat also invited Azerbaijani companies to take part in the 24th international oil and gas exhibition, which will be held in Uzbekistan on May 18-20, 2021.
Note that currently there is no tangible energy cooperation between Azerbaijan and Uzbekistan. Their signs appeared only in 2017, when, since December 2016, the current President of Uzbekistan took the helm of the state.
On June 2, 2017, SOCAR and Uzbekneftegaz signed a memorandum in order to determine the possible areas of activity of the Uzbek Company in Azerbaijan.
On May 17, 2018, BP Exploration, SOCAR and Uzbekneftegaz signed a Memorandum of Understanding and, in May 2019, an Agreement on joint research to assess exploration potential at three investment blocks in the Ustyurt region.
On November 20, 2019, Uzbekneftegaz announced that it plans with SOCAR to create a trading joint venture for the supply of hydrocarbons from Uzbekistan to Europe.
- 195 enterprises with Azerbaijani capital are currently operating in Uzbekistan, of which 69 are joint ventures. In 2020, Uzbek-Azerbaijani trade turnover grew by 13% and reached $ 80 million.