United Energy Group Ltd. has announced a significant new agreement with Uzbekneftegaz JSC, marking its expansion into Central Asia. The Heads of Agreement, signed on May 15, 2025, involves collaboration on the Gazli production enhancement project in Uzbekistan. The project aims to boost hydrocarbon production in the Gazli area, enhancing economic returns for both parties. This strategic move aligns with United Energy Group's long-term goal of leveraging technological expertise in hydrocarbon development and diversifying its energy portfolio. The agreement is a critical step for the company, which is one of the largest integrated energy companies listed in Hong Kong, with operations in South Asia, MENA, and Europe.
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