Uzbekneftegaz and the Russian Zarubezhneft signed the Common Terms Agreement for the implementation of the project in Uzbekistan aimed at increasing oil production at the Khartoum, East Khartoum and South Olamishik fields belonging to Andijanneft (a Uzbekneftegaz subsidiary), and have set up Andijanpetro joint venture to implement the project.
Andijanneft owns 25 oil and gas fields, with all of them reportedly at the last development phase, and oil has been extracted from them for the last 50-100 years.
