Uzbekistan is moving forward with a series of projects to modernise and expand its oil and gas industry. Taking the lead in this effort is Sanoat Energetika Guruhi (Saneg), the country’s largest private oil and gas company. Saneg’s investments, competent management decisions and focus on strategic long-term objectives are producing tangible results, executives told NGW in early December, during a trip that the company organised to its operational sites. Established as Jizzakh Petroleum in 2017, the company rebranded itself as Saneg in November 2022 and went on to buy the previously state-owned Fergana oil refinery in June 2022. “The new umbrella brand is integral to the company’s modernisation, indicating the transformation towards a new management model: vertical integration,” Saneg’s executive director, Tulkin Yusupov, said. “We want to show a new face to our current and prospective partners – an external brand reflecting the internal values.” Saneg has built up its large operation in very little time. The licences and subsoil rights to develop 103 oil and gas fields across Uzbekistan were transferred to the company in 2019.
source: naturalgasworld
