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
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised