THE POTIENTIAL OF OIL AND OIL PRODUCTS OF UZBEKISTAN IN THE WORLD MARKET
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This article explores the current state and future prospects of Uzbekistan's oil and oil product sector in the context of global market integration. Despite possessing moderate hydrocarbon reserves compared to leading oil-producing nations, Uzbekistan has shown increasing potential to expand its role in the regional and international energy landscape. The study analyzes key factors influencing this potential, including the modernization of refining infrastructure, improvements in quality standards, foreign investment trends, and government strategies aimed at energy diversification and export development. Additionally, the article highlights challenges such as limited pipeline access, fluctuating global oil prices, and the need for enhanced environmental and safety regulations. By assessing both internal capabilities and external market conditions, the research concludes that with strategic investment, regulatory reform, and international cooperation, Uzbekistan could strengthen its competitive position and become a more significant player in the global oil market.
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References
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