Baku, Azerbaijan, May 4
By Fakhri Vakilov – Trend:
The leadership of the Ministry of Investment and Foreign Trade, the Ministry of Finance and the Ministry of Energy of Uzbekistan hold intergovernmental negotiations with management of the Ministry of Energy and Industry of the United Arab Emirates and leading oil and gas corporations of UAE to discuss the implementation of a number of projects, Trend reports with reference to the Ministry of investments and foreign trade of Uzbekistan.
The parties discussed prospects of participation of Emirates' companies Mubadala and Masdar in the projects related to geological exploration, increase of production at existing hydrocarbon fields, development of new fields, and alternative energy.
Following the talks, the parties came to an agreement on the procedure and time schedule for joint actions to implement these initiatives.
As expected, in May the Uzbek delegation will make a working visit to the UAE to discuss specific projects. B the end of the year, it is planned to complete all the preparatory and legal procedures to begin their implementation.
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