Uzbekistan’s investment landscape is poised for significant change as one of the world’s largest financial groups moves closer to the country’s energy sector.

According to a statement from Uzbekneftegaz, a subsidiary of the American investment giant BlackRock is considering investments in Uzbekistan’s domestic oil and gas industry, The Caspian Post reports, Uzbek media.

Substantive discussions recently took place in Tashkent, where the Minister of Investment, Industry, and Trade, Laziz Kudratov, met with Eric Varvel, a partner and head of capital raising at Global Infrastructure Partners (GIP). GIP is formally part of the BlackRock group.

The talks focused on developing long-term mechanisms to attract liquidity into the national economy. The two sides outlined potential cooperation in areas including industrial modernization, strengthening energy security, and developing critical infrastructure. Varvel confirmed GIP’s strong interest in projects aimed at the technological upgrade of Uzbekistan’s production capacity, highlighting the company’s readiness to support large-scale, capital-intensive initiatives.

Parallel discussions were also held at the corporate level. Uzbekneftegaz Chairman of the Board Abdugani Sanginov met with GIP representatives to assess the prospects for foreign capital entering the company’s existing infrastructure. The meeting resulted in the signing of an information exchange agreement, effectively launching a detailed audit and analytical review of potential transactions. Uzbekneftegaz’s management emphasized that any proposals would be carefully evaluated, particularly in terms of their impact on the company’s financial stability and long-term performance.

The diplomatic groundwork for these developments was laid the previous week in Davos, where President Shavkat Mirziyoyev met with Adebayo Ogunlesi, co-founder of GIP and a senior managing director at BlackRock. During the meeting, Mirziyoyev expressed support for the American corporation’s plans to participate in the capital of several leading Uzbek enterprises and to bring in international expertise aimed at improving the country’s overall business climate.

Given that these processes involve the interests of the largest U.S. investment group, analysts link the intensified dialogue to the broader economic agenda promoted by the administration of Donald Trump, which prioritizes expanding the presence of American capital in strategically important regions across Eurasia. For its part, Uzbekistan is signaling its readiness to offer a transparent, predictable, and investor-friendly environment for major global institutional players.

Global Infrastructure Partners currently manages assets worth more than $100 billion, including major holdings such as London’s Gatwick Airport and large port terminals worldwide, underscoring the scale and strategic weight of the potential investment discussions now under way.