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Industrial oil production in Uzbekistan began in 1885. It was producing from two wells near the village Chimion in the Ferghana valley. In 1900, serious exploration work began in this area and in 1904, from a depth of more than 270 m, a gushing oil was obtained;
On May 3, 1992, the President of the Republic of Uzbekistan Islam Karimov signed a Decree "On formation of Uzbek state concern of oil and gas industry "Uzbekneftegas".