Azerbaijan's SOCAR plans to open a network of gas stations in Uzbekistan
The State Oil Company of Azerbaijan (SOCAR) plans to open a network of modern fuel stations in Uzbekistan. An agreement has been signed in Tashkent with Uzbekneftegaz to this effect.
Azerbaijan's SOCAR plans to open a network of gas stations in Uzbekistan.
Uzbekneftegaz Joint Stock Company and the State Oil Company of Azerbaijan (SOCAR) have signed a cooperation agreement on the development of a network of gas stations for modern cars in Uzbekistan. The document was signed on August 22 in Tashkent within the framework of the IV Interregional Forum of the two countries. The event took place on the eve of the visit of Azerbaijani President Ilham Aliyev to Tashkent.
According to the Uzbekneftegaz press service, the parties intend to jointly study and assess the possibilities of developing a network of gas stations, identify possible locations for opening stations, as well as consider acceptable business models and mechanisms for implementing the project.
In August 2023, Uzbekneftegaz and SOCAR signed an agreement on the implementation of joint projects in the oil and gas sector of Uzbekistan and Azerbaijan. In July 2025, they signed an agreement on product distribution. This document provides for the conduct of geological exploration work in the investment blocks of the Ustyurt oil and gas region and the subsequent extraction of hydrocarbons. The project was launched in December last year.
SOCAR (State Oil Company of the Azerbaijan Republic) is engaged in the exploration, production, processing and transportation of oil and gas. The company was established in 1992 on the basis of the enterprises "Azerineft" and "Azerneftkhimiya". Its sole shareholder is the state. In the domestic market, the company provides up to 80 percent of oil production and 100 percent of gas transportation on the territory of Azerbaijan. Its largest assets are the Heydar Aliyev Oil Refinery (SOCAR Downstream), the polyethylene and polypropylene production complex in Sumgayit (SOCAR Polymer). Through subsidiaries and joint ventures, it participates in major international infrastructure projects in the country.