Russian state-owned Zarubezhneft has signed a heads of agreement with Uzbekneftegaz, the state oil company of Uzbekistan.
The agreement calls for the companies to create an equally-owned joint venture to employ enhanced recovery technologies to the Khartum, Eastern Khartum and South Alamyshik fields in Uzbekistan's Fergana region.
Zarubezhneft executive director Sergey Kudryashov was quoted as saying the goal is to triple existing annual oil output at the three assets to about 200,000 tonnes (1.5
