Azerbaijani Economy 16 may — 15:23

SOCAR and BP will search for oil and gas in Aral

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The State Oil Company of Azerbaijan (SOCAR), the British BP Exploration (Caspian Sea) and Uzbekneftegaz have signed an agreement to conduct exploration work on investment blocks on the Aral Sea, informs Report Agency.

The agreement provides for geological exploration in the Uzbek part of the Aral Sea, Samo-Kosbulak and Baiterek investment blocks of the Ustyurt region.

It is planned that the exploration will be carried out in stages in accordance with the schedule approved by the parties.

In May 2018, BP, SOCAR and Uzbekneftegaz signed two memorandums aimed at joint geological exploration at the investment blocks of Uzbekistan, as well as the development of fields.

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