BAKU, Azerbaijan, August 14. Uzbekistan’s Uzbekneftegaz and Qatar’s AL ALFIA HOLDING discussed opportunities to expand cooperation and launch joint projects in the oil and gas sector, including plans to localize lubricant production and develop oilfield equipment manufacturing.
This was reflected in the statement by Uzbekneftegaz, following a meeting between Uzbekneftegaz Chairman Abdugani Sanginov and Zaynab Al-Yusuf, a representative of the Chairman of the Board of Directors of AL ALFIA HOLDING.
According to Uzbekneftegaz, in the course of the meeting, the sides noted the steady development of trade and economic relations between Uzbekistan and Qatar and exchanged views on expanding cooperation in the energy sector.
The meeting focused on the possibility of localizing the production of lubricants and related materials at Uzbekistan GTL, as well as establishing domestic production of wellhead equipment.
The proposed localization projects could help expand domestic manufacturing capacity, reduce reliance on imported industrial products, and create opportunities for technology and expertise transfer.
The sides also considered opportunities for AL ALFIA HOLDING to participate in promising projects currently being developed by Uzbekneftegaz.
“The parties confirmed their readiness to further develop mutually beneficial cooperation and continue practical work in the agreed areas,” Uzbekneftegaz said.
The talks come as Uzbekistan continues efforts to attract foreign investment and expand industrial cooperation in the oil and gas sector, with a growing focus on localizing production and increasing the domestic value added of energy-related projects.
For Qatar-based investors, Uzbekistan’s expanding energy infrastructure and industrial development agenda offer opportunities to participate in new manufacturing and energy projects.
The sides agreed to maintain dialogue and continue practical work on the proposed initiatives, including cooperation related to lubricant production, wellhead equipment, and other promising projects.
