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Uzbekistan’s privatisation push bears fruit
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
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Uzbekistan
Simon Ferrie
15 August 2022
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SEG looks to expand in Uzbekistan

The Central Asian country has introduced upstream reforms since President Mirziyoyev came to power

Sanoat Energetika Guruhi (SEG), previously known as Jizzakh Petroleum, is the largest oil company in Uzbekistan. The firm produced 276,000t in the first six months of 2022, a 9pc increase year-on-year, and plans further growth. SEG CEO Shokir Faizullaev recently cited the discovery of the Yangi field as part of the company’s “strategy to increase oil production to 1.6mn t/yr by 2030”. SEG executive director Tulkin Yusupov spoke to Petroleum Economist to explain more about his firm’s plans. Is SEG planning further expansion—either through exploration, expanding existing assets or buying new assets? Yusupov: We are vetting all our deposits to increase operational efficiency. SEG has over 130 d

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