In line with the reform process of the presidential administration under President Shavkat Mirziyoyev, Uzbekneftegaz is expected to go for an IPO.

In December 2022 the Chairman of Uzbekneftegaz was one of a number of public officials who were ordered to work in emergency measures for two months, due to the gas crisis in the country.

[1] Uzbekineftegaz leads a consortium of Korea National Oil Corporation, China National Petroleum Corporation and Lukoil exploring and developing gas condensate fields in the Aral Sea.

[6] It also cooperates with Lukoil in the Kandym-Khausak-Shady-Kungrad project to develop several natural gas fields in Uzbekistan.

[7][8] Uzbekneftegaz together with China National Petroleum Corporation owns and operates the Uzbek section of the Central Asia–China gas pipeline.