Energy Minister Mirzamakhmudov discusses with Russian Deputy PM Novak increasing oil supplies to Uzbekistan

The parties discussed issues of cooperation in the gas, oil, electric power industries, including renewable energy and hydropower projects, as well as in the field of nuclear construction, the Russian government press service writes.
 
“We highly appreciate the fraternal nature of Russian-Uzbek relations. Despite the ongoing geopolitical tension, bilateral ties of strategic partnership and alliance are actively developing. Comprehensive work continues to expand and deepen cooperation,” said Alexander Novak, opening the talks.

During the meeting, the sides considered, in particular, the possibility of increasing the supply of oil and oil products to Uzbekistan, as well as the prospects for the participation of Rosatom in the construction of new nuclear facilities in the republic.

Following the meeting, Alexander Novak invited Jurabek Mirzamakhmudov to take part in three important international industry events.

According to the government of the Russian Federation, in 2022, trade between Russia and Uzbekistan increased by 26% compared to 2021. At the same time, exports increased by 17.7%, imports – by 51.3% year-on-year. In 2023, the upward trend continues. In January, trade increased by 24.6% compared to the same period in 2022.

Russia remains one of the key investors in the economy of Uzbekistan. Russian companies, including those in the fuel and energy sector, are increasing investments in the country's economy and have begun developing 19 new joint projects in 2022.