Azerbaijan’s state oil company SOCAR plans to enter Uzbekistan’s retail fuel market, followed by investments in the construction of a network of filling stations, Azerbaijan’s Minister of Economy Mikayil Jabbarov said at the fourth Uzbekistan-Azerbaijan Regional Forum in Tashkent, Trend's special correspondent reports. According to Jabbarov, SOCAR’s activities in Uzbekistan will include entering the retail market and subsequently investing in the development of a network of filling stations. Jabbarov also highlighted the involvement of another major Azerbaijani state-owned company, AzerGold, in projects in Uzbekistan.
He emphasized that these projects are being implemented directly in Uzbekistan’s regions. The fourth Uzbekistan-Azerbaijan Regional Forum focuses on expanding interregional economic cooperation and implementing joint investment and trade projects. The forum is being held in Tashkent and aims to further develop direct ties between the regions of the two countries and expand cooperation in investment, industry and trade.
Source: https://www.trend.az/casia/uzbekistan/4217187.html © 2026 Trend News Agency.
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