United Energy Inks Gas Field Deal in Uzbekistan; Shares Up 7%

MT Newswires Live

2025/06/16

United Energy Group (HKG:0467) said its subsidiary has entered into a production enhancement contract with Uzbekneftegaz JSC for oil and gas development in Uzbekistan, according to a June 13 Hong Kong bourse filing.

The agreement covers 21 existing gas fields and 10 exploration blocks in the Gazli region, with a minimum investment commitment of $100 million over four years.

The project's estimated production over the term is 57.8 billion cubic meters, the filing said.

Shares of the oil and gas producer surged 7% in recent trade.

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