# BP has bought 40% in the production sharing agreement regulating oil and gas exploration and production rights for six blocks in Uzbekistan.

*business · news · 2026-05-13 · OilPrice*

## Key points

- BP has acquired a 40% stake in Uzbekistan's six-block oil and gas production sharing agreement.
- BP bought 20% each from SOCAR and Uzbekneftegaz, reshuffling PSA interests to BP 40%, SOCAR 30%, Uzbekneftegaz 30%.
- SOCAR and Uzbekneftegaz started a $2-billion project in these blocks in North Ustyurt last year.
- The six blocks covered are Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq, and Qulboy.

**Companies:** BP, SOCAR, Uzbekneftegaz
**Countries:** Uzbekistan, Azerbaijan, UK

[Read the full story on OilPrice](https://oilprice.com/Latest-Energy-News/World-News/BP-Buys-40-Stake-in-Uzbek-Oil-and-Gas-Blocks.html)

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