Saneg moves to raise its share of the Uzbekistan lubricants market, importing oils from its new Italian subsidiary and raising its own domestic production
Sanoat Energetika Guruhi (Saneg), Uzbekistan's largest privately-held oil and gas company, has announced the first deliveries of synthetic and semi-synthetic oils into the domestic market from the company’s newly acquired production plant in Bari, Italy.
Saneg has also announced plans to almost double its production of commercial oil products in Uzbekistan.
Saneg CEO Tulkin Yusupov said:
”In 2023, Saneg sold 5,500 tons of commercial oils in Uzbekistan. One of our main strategic goals is to develop and sell a wider range of commercial products, including motor, transmission and industrial oils. Consequently, this year Saneg is planning to sell more than 10,000 tons of commercial oils domestically, representing around 8% of the Uzbekistan market. In addition, 11,000 tons will be produced in Italy and sold across the European Union.”
The deliveries of SEG Motol Diesel 10W-40 and API CI-4/SL oils from Italy to Uzbekistan are for diesel engines powering tractors, construction and quarrying vehicles.
The production of these oils commenced after Saneg’s recent acquisition of CGC Lubricants Italy S.p.A. This deal included the signing of a strategic cooperation agreement between CGC Lubricants Italy and SEG Motol LLC, a Saneg subsidiary that is a leading manufacturer of technical oils in Uzbekistan.
SEG Motol’s agreement with CGC Lubricants Italy enables a collaboration encompassing scientific, technological, commercial, and marketing spheres, as well as the production of oils and lubricants under the SEG Motol and Saneg brands at the CGC plant in Bari.
Saneg will use the expertise gained through the acquisition of CGC Lubricants Italy to manufacture a wider range of oils in Uzbekistan. In 2024, it plans adding 25 new oil products to the Fergana Oil Refinery’s production line, including the introduction of SEG Motol engine and transmission oils for passenger cars.