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
9 April 2025
Oil’s resilience and gas’ growth will continue to define the global energy mix into 2050, according to Petroleum Economist analysis, but that does not have to spell doom and gloom for sustainability
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
9 April 2025
North African producer hopeful of bringing in IOCs despite the disagreements over terms as latest bidding round is launched
9 April 2025
The surprise decision to bring on extra supply has coincided with better quota conformity from laggards in the group, Petroleum Economist analysis shows
