• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10429 -0.38%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 7 - 12 of 274

Alisher Sultanov Leaves Office After a Decade of Declining Gas Production in Uzbekistan

Alisher Sultanov was relieved of his post as presidential representative on energy security on December 16, ending some ten years of dubious performance as one of Uzbekistan’s top energy officials. Under Sultanov’s watch as head of the state oil and gas company and then as a top official in Uzbekistan’s Energy Ministry, the country’s oil and gas production decreased, and Uzbekistan went from being a gas exporter to an importer. A Career in the Gas and Oil Sector Sultanov started working in Uzbekistan’s energy sector in the mid-1990s and gradually made his way through the ranks at the state oil and gas company Uzbekneftegaz. In 2015, Sultanov became Uzbekneftegaz’s chairman, serving in that position until 2018. In 2017, Sultanov was appointed Deputy Prime Minister in charge of the fuel, energy, and industrial sector, and in February 2019, he was named Energy Minister. He stepped down as Energy Minister in April 2022, officially for health reasons, but by 2023 was back as presidential advisor on oil and gas, chemical, and energy matters, though that title was changed in July 2025 to the president’s representative on energy security. Stagnation and Decline Uzbekistan does not have large oil reserves. BP’s Statistical Review of World Energy has continually put Uzbekistan’s oil reserves at somewhere around 600-620 million barrels. Uzbekistan does have significant natural gas reserves of at least some 1.1 trillion cubic meters, however, according to the BP Statistical Review of World Energy. The country has been working with international partners to explore for new deposits, particularly in areas of the recently dried out Aral Sea. In 2011, Uzbekistan’s average oil production was some 80,000 barrels per day (bpd), and gas production for that year was some 56.6 billion cubic meters (bcm). Uzbekistan was still sourcing from many fields that had been producing since Uzbekistan was a Soviet republic, and it was not surprising that yields from these depleted fields started decreasing after 2011. Sultanov became head of Uzbekneftegaz in August 2015, and that year, oil production had already dropped to some 60,000 bpd and gas to some 53.6 bcm. Both fluctuated only a little over the next three years, ending 2018 at an average of 64,000 bpd and 58.3 bcm. The 2018 figure for gas was the peak production year of the 2011-2020 period, though it fell well short of the 66 bcm Uzbekneftegaz was predicting for 2018. After Sultanov was named Energy Minister in 2019, the figure for gas production fell significantly. In 2019, gas production was 57.5 bcm, but in 2020, only 47.1 bcm, though oil output held steady at 67,000 bpd and 61,000 bpd, respectively. Gas production increased slightly in 2021 to 50.9 bcm, but then dropped to 48.9 bcm in 2022. The decrease continued after Sultanov stepped down as Energy Minister in April 2022, plummeting to 44.2 bcm in 2023 and 42.2 bcm in 2024. With a rapidly growing population and expanding industrial sector, Uzbekistan’s domestic gas consumption was sharply increasing, rising from 43.6 bcm in 2020 to 54.6...

Uzbekistan, Paraguay Deepen Ties During First-Ever Presidential Visit

Uzbekistan and Paraguay have agreed to enhance political and economic cooperation following high-level talks in Tashkent, according to the presidential press service. The meeting between Uzbek President Shavkat Mirziyoyev and Paraguayan President Santiago Peña took place at the Kuksaroy residence, with participation from both countries’ official delegations. Mirziyoyev welcomed his counterpart and highlighted the historical significance of the visit, noting it as the first time a president from a Latin American country has traveled to Uzbekistan. The visit is expected to usher in a new era of bilateral relations. The two leaders discussed expanding cooperation across several sectors. Talks focused on increasing mutual trade, strengthening business contacts, and initiating joint projects in agriculture, food production, the chemical industry, digital technologies, tourism, and sports. Cultural, educational, and humanitarian collaboration were also emphasized as priority areas. The sides also exchanged views on international and regional developments. Following the talks, Mirziyoyev and Peña signed a joint statement reaffirming their commitment to strengthening political dialogue and expanding practical cooperation. Uzbek media reported that two additional documents were signed in the presence of the presidents: a protocol concluding bilateral market-access negotiations related to Uzbekistan’s accession to the World Trade Organization, and a memorandum between the foreign ministries to establish a mechanism for political consultations. The meeting concluded with a symbolic gesture. The two presidents planted a tree on the Alley of Honored Guests at the Kuksaroy residence, symbolizing their intention to open a new chapter in Uzbekistan-Paraguay relations.

Uzbekistan, Kyrgyzstan Strengthen Energy Ties as Kambarata-1 Project Advances

Uzbekistan and Kyrgyzstan are deepening their energy partnership as progress continues on the Kambarata-1 Hydropower Plant (HPP), one of Central Asia’s most ambitious infrastructure projects. Uzbek President Shavkat Mirziyoyev met with Kyrgyz Energy Minister Taalaibek Ibrayev in Tashkent to discuss regional energy cooperation, according to Kyrgyz news agency 24.kg, citing the Kyrgyz Ministry of Energy. The talks focused on strengthening strategic ties between the two countries, with particular emphasis on hydropower development. Both sides acknowledged the growing momentum in bilateral relations and reaffirmed their commitment to joint regional energy initiatives. Mirziyoyev underscored the importance of collaborative water and energy projects, identifying Kambarata-1 as a top priority for all three participating countries, Uzbekistan, Kyrgyzstan, and Kazakhstan. “For the effective use and joint management of the region’s hydropower potential, next year we will begin financing the construction of the Kambarata-1 Hydropower Plant together with Kyrgyzstan and Kazakhstan,” Mirziyoyev said, as quoted by the Kyrgyz Ministry of Energy. He also expressed gratitude to Ibrayev and representatives from major energy companies in the United Arab Emirates, Turkey, and Azerbaijan for supporting Uzbekistan’s efforts to attract investment and adopt advanced energy technologies. The Kambarata-1 project is a trilateral initiative involving Kyrgyzstan, Uzbekistan, and Kazakhstan. With a projected cost of $4.2 billion, the venture has already secured $5.6 billion in committed financing from international financial institutions, according to Uzbek Energy Minister Jorabek Mirzamahmudov. Mirzamahmudov noted that the most recent trilateral ministerial meeting took place in Brussels in late September, coordinated by the World Bank. The event brought together representatives from 10 major financial institutions, including the European Bank for Reconstruction and Development, the European Investment Bank, the OPEC Fund, the Asian Infrastructure Investment Bank, and the Asian Development Bank. Despite strong financial and political backing, the project faces unresolved technical concerns. At a recent parliamentary session in Bishkek, Kanatbek Abdrakhmatov, president of Kyrgyzstan’s National Academy of Sciences, warned that seismic microzonation, a critical safety assessment, has not yet been conducted at the planned construction site. Kambarata-1 is expected to have an installed capacity of 1,860 MW, a reservoir volume of 4.5 billion cubic meters, and a dam height of 256 meters. The facility will house four turbines capable of producing over 5.5 billion kWh of electricity annually. Under the current ownership structure, Kyrgyzstan will hold a 34% stake in the project, while Uzbekistan and Kazakhstan will each hold 33%.

Kazakhstan, Kyrgyzstan, and Uzbekistan Sign Trilateral Deal on Water and Energy Cooperation

Kazakhstan, Kyrgyzstan, and Uzbekistan have signed a trilateral protocol on water and energy cooperation, covering the upcoming winter heating period and the 2026 agricultural season. The agreement was formalized at a meeting of the countries’ energy and water ministers held in Almaty on November 22. With water levels at Kyrgyzstan’s Toktogul Hydropower Plant (HPP) reservoir critically low, Kazakhstan and Uzbekistan have agreed to supply electricity to Kyrgyzstan during the winter months. This will allow Kyrgyzstan to reduce electricity generation during peak heating demand and conserve water in the Toktogul Reservoir. The stored water will later be released downstream to Kazakhstan and Uzbekistan during the 2026 growing season to ensure consistent irrigation for farmland in their southern regions. The Toktogul HPP, located on the Naryn River, a key tributary of the Syr Darya, is Kyrgyzstan’s largest power station, supplying about 40% of the country’s electricity. It plays a dual role: meeting domestic energy needs and regulating water flows critical to downstream agricultural systems. In winter, Kyrgyzstan typically ramps up power output to meet heating demand, often at the expense of reservoir levels, which can compromise irrigation capacity the following spring. Under the new protocol, Uzbekistan has also pledged to support regional electricity balancing and ensure transit capacity. Earlier, the three countries agreed to facilitate cross-border electricity flows, including Russian electricity transiting to Kyrgyzstan via Kazakhstan, and Turkmen electricity reaching Kyrgyzstan through Uzbekistan’s transmission grid. Participants in the Almaty meeting emphasized that the trilateral agreement reflects a spirit of good neighborliness and is aimed at enhancing regional energy security and stability. The agreement is particularly critical for Kyrgyzstan, which faces persistent electricity shortages, especially during the winter when electric heating is widely used. On November 18, Kyrgyzstan completed the full modernization of the Toktogul HPP, with the commissioning of its fourth generating unit. The upgrade raised the facility’s total capacity from 1,200 MW to 1,440 MW. In parallel, Kyrgyzstan is advancing construction of the Kambarata-1 HPP, a major regional project being developed jointly with Kazakhstan and Uzbekistan. Once completed, Kambarata-1 will have a generation capacity of 1,860 MW and produce 5.6 billion kWh annually.

Kazakhstan–Uzbekistan Partnership Signals a New Era in Central Asia

For many years, Kazakhstan and Uzbekistan were seen as regional rivals, with many analysts believing this long-standing competition impeded the realization of sustainable regional strategies. However, leadership changes and expanded cooperation frameworks in Central Asia have significantly shifted these dynamics. Today, countries in Central Asia are shaping policies at the intersection of Western, Chinese, and Russian interests, whilst looking even further afield. As Kazakhstan and Uzbekistan assert themselves more on the global stage, they are increasingly finding common ground. In part because of their geographic size and numbers, Kazakhstan and Uzbekistan are seen as the leading states in Central Asia. Kazakhstan has the largest territory by far, while Uzbekistan boasts the largest population, which stands in excess of 37 million. Both nations possess significant resources and development potential. While their current leadership has dismissed notions of rivalry, its roots stretched back for decades. Historical Competition Tensions between the two republics date to the Soviet era, when the rivalry was evident even to ordinary citizens. The influence of Dinmukhamed Kunaev, First Secretary of the Central Committee of the Communist Party of Kazakhstan, often clashed with that of his Uzbek counterpart, Sharaf Rashidov. Beyond personal rivalries between republican leaders, Soviet-era administrative borders were often drawn without regard for demographic realities or resource flows. Competition for Moscow’s attention and investment funding pushed union republics to emphasize different sectors - Kazakhstan’s development of virgin lands turned it into a major grain hub, while Uzbekistan long benefited from its cotton industry - creating distinct economic identities that later persisted into independence. These divergent economic structures shaped early regional competition and informed differing policy priorities in the 1990s and 2000s. Both republics had substantial industrial capacity, though analysts argue that Kazakhstan maintained an edge in economic growth. The Baikonur Cosmodrome, still operational today, was also a long-standing strategic asset within Kazakhstan’s borders. Following the collapse of the Soviet Union, this rivalry only intensified. Nursultan Nazarbayev and Islam Karimov, then presidents of Kazakhstan and Uzbekistan, were widely viewed as competing for regional leadership. While their economies were initially on par, Uzbekistan gradually turned inward, while Kazakhstan opened to foreign investment, particularly in the extractive sector. In the 2000s, despite successful border delimitation, disputes flared over boundaries, water, and natural resources. Some analysts contend that it was this lingering friction that hindered efforts to preserve the Aral Sea, once the world’s fourth-largest lake, which has now largely disappeared, at least in its southern section, causing dust storms so vast they are visible from space. In 2002, the border villages of Bagys and Khiyobon, inhabited by ethnic Kazakhs but situated in Uzbekistan, demanded to be recognized as part of Kazakhstan. These territories had been transferred to Uzbekistan in 1956. They were officially reincorporated into Kazakhstan only in 2021. Presidents Reject Rivalry Narrative Kazakh political scientist Gaziz Abishev maintains that there is no leadership struggle today between Kazakhstan and Uzbekistan. “An important point that was made is that there is no unhealthy rivalry between Kazakhstan and Uzbekistan, or between Kazakhs...

Central Asia Confirms Joint Water Plan for Shardara Reservoir Ahead of 2025-2026 Season

Central Asian nations have reached a consensus on projected water inflow volumes to the Shardara Reservoir for the upcoming non-vegetation period, according to Kazakhstan’s Ministry of Water Resources and Irrigation. The agreement was finalized during a regional meeting attended by senior officials: Durdy Gendjiev, Chair of Turkmenistan’s State Committee for Water Management; Nurzhan Nurzhigitov, Kazakhstan’s Minister of Water Resources and Irrigation; Shavkat Hamraev, Uzbekistan’s Minister of Water Management; and Jamshed Shodi Shoimzoda, First Deputy Minister of Energy and Water Resources of Tajikistan. Emil Shodikhanov, an adviser at the Kyrgyz Embassy in Turkmenistan, participated as an observer. Participants reviewed outcomes from the 2025 irrigation season and approved the operational forecast for the Naryn-Syr Darya reservoir cascade for the 2025-2026 non-vegetation period. A consensus was reached on expected inflow volumes to Shardara Reservoir, which is a critical node in the region’s transboundary water system. The meeting also included discussions on progress in implementing the commitments made during recent summits of the founding states of the International Fund for Saving the Aral Sea. The 92nd session of the Interstate Commission for Water Coordination (ICWC) is scheduled to take place next year in Tajikistan. “Last irrigation season took place under difficult climate conditions. However, coordinated cooperation among the ICWC member states made it possible to ensure stability throughout the vegetation period,” said Nurzhigitov. “Through such meetings, we reach common agreements and lay the foundation for future cooperation. Together with our colleagues in Central Asia, we aim for a fair distribution of transboundary water resources that considers the interests of all parties.” This agreement follows the 16 November regional summit chaired by Uzbek President Shavkat Mirziyoyev, during which Central Asian leaders discussed enhancing regional cooperation and accelerating joint infrastructure projects. The summit focused on escalating ecological and water challenges, and leaders stressed the need to adopt a “green development” framework for the region. They also proposed declaring 2026-2036 as the “Decade of Practical Action for the Rational Use of Water in Central Asia.”