Two resolutions adopted this year aim to improve Uzbekneftegaz’s operations and sort out its procurement and production problems, and the presentation reviewed their execution, gas output indicators and the measures planned to the end of the year, the readout says, without a figure for the output. The readout is a plan of activity, and its one line that touches money is a saving of gas. Exploration is widening to raise reserves, with 80 wells drilled this year, some of them to 6,000 metres and deeper, and 40 more to be drilled in the fourth quarter.
The plans presented cover the deep strata of Ustyurt, where projects with unnamed foreign partners drill new wells, re-analyse geophysical data and raise recovery, and the combined net profit of Uzbekneftegaz and its large enterprises rose over 9 months against the same period of last year, with no figure. Loan-portfolio optimisation cut debt, and renegotiated high-rate loans cut their servicing cost.
The readout is a plan of activity, and its one line that touches money is a saving of gas.
New trunk pipelines and modernised compressor stations, with modern electric motors at some of them, are to raise the gas transport system’s throughput and save up to 125 million cubic metres of gas a year, and proposals on the projects’ financing sources were considered, the readout says. The accident at the 25 Years of Independence field is being dealt with by a specialised Chinese company, unnamed, with equipment arriving on site and well pads being prepared, and the readout gives no date, cause or scale for it.
The Fergana refinery raised diesel output by 30%, bitumen by 60% and jet fuel fivefold after repairs to its main units, with no base period given, and its load is to rise from 40% to 65% by the end of the year, the readout says. Mirziyoyev instructed the sector to improve exploration and drilling results, to carry out large projects on careful calculations and defined sources of financing, and to make its enterprises more efficient.
The figures the readout leaves out are in the statistics committee’s series. The country’s gas output was 24.2 billion cubic metres in January to August, 16.3% below the same months of 2025, by the committee’s release of 1 October, and imports of gas and propane cost $1.21 billion in those 8 months, 15.2% more than a year earlier, with the monthly bill peaking at $247 million in June and Russia and Turkmenistan as the suppliers, by the same series as the news site Spot carried it. Gas export earnings fell 34.8% to $322 million over the same months.
Five discoveries and 80 wells are the sector’s answer to eight months in which it produced a sixth less gas and paid more for imports. The pipelines, the compressor stations and the deep wells of Ustyurt have no price on the president’s page, and the one line that touches money is a saving of up to 125 million cubic metres a year, about 0.5% of the 8-month output.