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
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
