Uzbekneftegaz: Uzbekistan’s rising global player

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After a recent trip to Uzbekistan, I had the opportunity to learn more about the country’s growing sectors and the work being done to ensure alignment with international standards, writes Tori Macdonald.

JSC “Uzbekneftegaz” is an example of a growing organisation looking to become a reputable player in the global board game of the energy sector. As the leading energy firm in Uzbekistan, the national government separated the company into three independent companies in 2019 to avoid its continued development as a monopoly. The company is now divided into three operations, the original JSC “Uzbekneftegaz” now focuses on production, while the latter two focus on transmission (UzTransGaz), and domestic sales (HududGazTaminot). This was a major move to improve CSR standards to comply with the goal of improving company transparency, fighting corruption and to move away from centralised authority towards a more liberal operation at market-based price standards. The majority of JSC “Uzbekneftegaz” operations are now in joint venture with other firms. Although remaining state-owned, Uzbekneftegaz is a holding company leading the likes of Lukoil, Ipsylon and GazProm in the industry of oil and gas exploration and extraction.

The company conducts sales and facilitates much of their J-V advancements online and have made big efforts in acquiring the best technology to increase efficiency whilst growing in competitiveness.

Uzbekneftegaz, which literally means “Uzbek oil and gas” had been leading an ongoing exploration around the Aral Sea and now continues to search for new locations for gas extraction to help increase exports to countries not just in Central Asia but across the globe.

I talked to a company spokesperson, Sivoyush Khashimov, who told me that the company extracts natural gas from the ground and uses the gas extracted to obtain all of their other gas products, for example, polyethylene, polypropylene, etc.

The company is represented in all regions of the country and has played a significant role in Uzbek employment creation, “We have 50,000 employees across 14 branches” Sivoyush Khashimov said. “We have several large processing plants and a network of gasoline stations”

As the company is always looking for new ways of development and application of the latest technologies in oil and gas chemistry, the construction of the largest plant based on gas-to-liquid” technology in collaboration with international companies.

Many households in Uzbekistan are now powered by liquified gas but one of the company’s main goals is to provide energy supply to every home in the country.

Gas supply has been improving in the last two years, and a significant component contributing towards increased output has been due updating the company's management. Abdullaev Мekhriddin, the current Chairman of the Management Board organized the effective work of the company at all levels, thereby making the company strong and competitive. 

The company, in addition to its production goals, is also engaged in social support, in particular, sponsoring several football teams, providing opportunity for talented young people to study at the best universities and social protection provision for its employees.

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