Uzbekistan intends to gain oil independence in 2-3 years

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The President of Uzbekistan, Shavkat Mirziyoyev, reported on the implementation of major industrial projects in the Surkhandarya region during a meeting, where he arrived for a familiarization trip.

"I came to Surkhandarya for the third time this year with very serious intentions and clear plans to ensure that our people live well and to lighten their burden," said the President of Uzbekistan.

He familiarized himself with four new major industrial projects worth $3.3 billion in Surkhandarya.

In particular, with the launch of a $3 billion gas-chemical complex in Bayisun in 2024, the following is expected: purification of 5 billion cubic meters of gas per year, production of natural gas and sulfur worth 6 trillion Uzbek soms; additional export revenue for Surkhandarya averaging $120 million per year; expansion of geological exploration, discovery of gas reserves by an additional 100 billion cubic meters, achieving complete oil independence for the country within 2-3 years.

At the instruction of President Mirziyoyev, cooperation will be established around the complex, as reported by

A power station with a capacity of 85 MW has also been built on the territory. It generates electricity not only for the needs of the complex but also for the entire population of Bayisun, according to the press service of the President of Uzbekistan.

The company Saneg has started the development of shale deposits in the Bayisun district of the Surkhandarya region. According to the results of geological exploration, the reserves of the deposit are estimated at 55 million tons of shale ore of category C1, the company notes.

Azizbek Nazarov, Deputy General Director of Saneg for the development of strategic projects, reported that research on the geological structure, depth of occurrence, and area of ​​distribution of shale is ongoing. According to him, the reserves of the deposit in the future may reach up to 400 million tons.

In 2024, an increase in oil supplies from Russia to Uzbekistan through the territory of Kazakhstan to 1 million tons is planned. This is more than three times the volume of oil planned to be imported in 2023 (300 thousand tons).

In the beginning of 2023, the volumes of gasoline imports into Uzbekistan increased several times. For the first four months, 335.2 million liters were supplied, almost twice as much as for the entire previous year. The total cost of imports was $136.67 million or $0.4 per liter. Almost the entire volume came from Russia.

November 20, 2023