Oriental University, Tashkent, Uzbekistan

Safarov A. Yu., Associate Professor, Candidate of Economic Sciences, Associate Professor, safariy885@mail.ru

Tashkent State University of Economics, Tashkent, Uzbekistan

Khamdamova G. A., Professor, Doctor of Economic Sciences, Professor

Tashkent Institute of Irrigation and Agricultural Mechanization Engineers—National Research University, Tashkent, Uzbekistan

Khodjimukhamedova Sh. I., Professor, Candidate of Economic Sciences, Professor

Kimyo International University in Tashkent, Tashkent, Uzbekistan

Raxmatullayeva N. O., Associate Professor

The article is aimed at reviewing the oil and gas industry of Uzbekistan, and at analyzing the main indicators of availability, production and consumption of oil and gas. It is concluded that despite the growing demand of the population for these resources, there is a decrease in their extraction. In addition, the industry faces great difficulties in financing, and in application of new technologies and in investment. The possibility of using new technologies is presented as a case-study of digital twins, which are currently being implemented in the Russian oil and gas industry and make it possible to reduce costs and accelerate development of oil and gas fields. This solution is integrated into all task-oriented systems of control, including drilling, power supply and dynamic positioning, which together ensure that the oil platform is kept in the design position. The data are analyzed using customized sensors and the Internet of Things, artificial intelligence and machine learning, and then digital models are constructed. It is concluded that these decisions are justified and expedient, since the economic calculation of the use of these solutions has proved their economic effectiveness. The proposed development pathways can be used by other developing countries of the world in the future. In addition, such studies make it possible to intensify activities aimed at improving efficiency of the oil and gas sector in the Republic of Uzbekistan. The purpose of the article is to determine the prospects for the development of the oil and gas industry in the Republic of Uzbekistan. The article uses the system analysis, static information processing, comparative analysis, forecasting industry indicators, methods for assessing the economic effectiveness of projects, risk assessment, and others as research methods.

1. Polaeva G. B., Zhanabayev A. A. The current state and prospects for the development of the oil and gas complex of the Republic of Uzbekistan. Innovation & Investment. 2022. No. 8. pp. 4–7.
2. Bobokhujaev Sh. I. Problems and modern approaches to modification of corporate management in oil and gas companies in Uzbekistan. Upravleniye predpriyatiyem. 2015. No. 9. pp. 54–60.
3. Atagarrayev T., Ashyrova B. Oil and gas industry of Central Asia—Main factor of economic development. Science Bulletin. 2025. Vol. 3, No. 1(82). pp. 1201–1208.
4. Khamroeva I. N., Safarov G. A. Sustainable development of the oil and gas industry in the Republic of Uzbekistan and introduction of the advanced technologies is the basis of its investment attractiveness. Problems of economics and management of oil and gas complex. 2017. No. 7. pp. 36–41.
5. Potravny I. M., Novoselov A. L., Novoselova I. Yu., Pelmeneva A. A. Factor analysis of oil and gas projects in the Arctic areas with regard to risk. Gornyi Zhurnal. 2023. No. 12. pp. 64–68.
6. Potravny I. M., Yashalova N. N. Ecologo-economic assessment of burial technologies for greenhouse gas emissions in underground geological spaces. Gornyi Zhurnal. 2022. No. 8. pp. 90–94.
7. Apulu O. G., Potravny I. M., Sukhorukova I. V. Methods of justification and selection of technologies for remediation of oil-contaminated land. Ecology and Industry of Russia. 2021. Vol. 25, No. 6. pp. 38–43.
8. Available at: https://stat.uz/ru (accessed: 20.03.2025).
9. Dadakhodzhayev A. T., Mannanov U. V., Ashmukhamedov M. A. Oil and gas industry of Uzbekistan. Oil and Gas Chemistry‑2024: Proceedings of VII International Forum on Chemical Technologies and Oil and Gas Processing. Minsk : BGTU, 2024. pp. 48–53.
10. Available at: https://statbase.ru/data/uzb-gas-consumption/ (accessed: 20.03.2025).
11. Usmanov Z. K., Murtozayeva D. B. Issues of enhancing efficiency of gas transportation system in Uzbekistan. New Technologies for Oil and Gas Region: International Conference Proceedings. Tumen : Tumenskiy Industrialniy Universitet, 2016. Vol. 1. pp. 380–383.
12. Gabidullin I. R., Fedorov S. N. Application of digital twins in the oil and gas industry. Aktualnye issledovaniya. 2025. Vol. 25.
13. REC supported projects in the oil and gas industry of Uzbekistan. Available at: https://www.exportcenter.ru/press_center/rets-podderzhalproekty-neftegazovoyotrasli-uzbekistana-/ (accessed: 20.03.2025).
14. Muratov A. S., Mallaev S. A., Gulamov R. A. et al. Digital solutions to increase gas production in Western Uzbekistan. Universum: tekhnicheskiye nauki. 2024. No. 9 (126). Available at: https://7universum.com/ru/tech/archive/item/18180 (accessed: 10.03.2025).
15. Abdullaev G. S., Bogdanov A. N., Eydelnant N. K. Current state and development prospects of geological exploration activity for oil and gas in the Fergana Region of the Republic of Uzbekistan. Neftegasovaya geologiya. Teoriya i praktika. 2021. Vol. 16, No. 2. Available at: https://ngtp.ru/upload/iblock/11f/15_2021.pdf (accessed: 10.03.2025).
16. Rasulova N. N., Hamrayeva Sh. K. Strategy for the Development of the Oil and Gas Sector during the Transition to a Green Economy in Uzbekistan. Current problems and prospects of the oil and gas industry. 2024. pp. 454–458.
17. Bykova V. N., Kim E., Gadzhialiev M. R. Application of a digital twin in the oil and gas industry. Actual Problems of Oil and Gas. 2020. Iss. 1(28). DOI: 10.29222/ipng.2078-5712.2020-28.art8
18. Bobokhujaev Sh. I. Modern approaches to problem solving in corporate management and to modification of oil and gas companies in Uzbekistan. Upravleniye predpriyatiyem. 2015. No. 9. pp. 15–21.
19. Samiyev S. I. Current state of investment activity of oil and gas companies of Uzbekistan and its specific tendencies. Economics and Finance. 2022. No. 2. pp. 10–18.
20. Chorieva M. M., Nigmatova F. U., Mansurova M. A., Sultonova F. U. Development of a rational package of materials overalls for oil production workers. Modern Innovations, Systems and Technologies. 2022. Vol. 2, No. 2. pp. 310–400.
21. Khamroeva I. N., Nabiev Sh. T., Pak S. A. Comparative analysis of reporting disclosures and preparation for transformation of NAS into IFRS. Academic Journal of Digital Economics and Stability. 2021. pp. 244–254. DOI: 10.51699/ajdes.vi.174
22. Karimov M., Khamroeva I., Ivonina I. Improvement of management of sustainable development of oil and gas industry of Uzbekistan. International Journal of Innovations in Engineering Research and Technology. 2020. Vol. 7, No. 5. pp. 102–112.