BAKU, Azerbaijan, August 14. Uzbekistan and Gulf Oil discussed the implementation of a joint investment project and agreed on steps to expand strategic partnership and related infrastructure.
This was reflected in the statement by the Ministry of Investment, Industry and Trade of Uzbekistan following a meeting between Deputy Minister Shokhrukh Ghulamov and Shavleg Mishveladze, Gulf Oil’s business development representative, on August 13.
According to the ministry, in the course of the meeting, the sides reviewed the progress of the joint investment project and coordinated a plan for its further development.
The ministry notes that the discussions also focused on key areas for expanding cooperation between Uzbekistan and Gulf Oil, including the development of relevant infrastructure and opportunities for deeper strategic engagement.
Gulf Oil is a US-based oil company with more than a century of experience in oil refining, petroleum products manufacturing and distribution.
“The parties agreed on a plan for further development of the joint investment project and identified key areas for expanding strategic partnership and infrastructure,” the Uzbek ministry said.
The meeting reflects Uzbekistan’s efforts to attract international companies with expertise in the energy and petroleum sectors and develop investment projects with a focus on expanding industrial and infrastructure capacity.
The sides agreed to continue work on the project and advance the identified initiatives toward practical implementation.
