LNG

Sanoat Energetika Guruhi (Saneg), an independent oil and gas company in the former Soviet Republic of Uzbekistan with customers in Germany, Poland and the UK has a new Chief Executive in Tulkin Yusupov, who qualified as a specialist in drilling technologies at the University of Texas in Austin as part of a programme for foreign students.

Yusupov, who now has 15 years of experience in the oil and gas industry, said he wouldfocus primarily on production management and optimization as well as improving the efficiency of complicated oil fields. 

As CEO, he replaces Shokir Fayzullayev, who previously led the company since 2017 and has now been appointed Advisor to the CEO.

Uzbekistan, whose largest city is Tashkent, is the second-largest natural gas producer in Central Asia.

Natural gas output

The Uzbek nation produced 53.6 billion cubic metres of natural gas last year and plans to boost production by 2030 to around 66 Bcm, of which about 56.5 Bcm will be consumed by the domestic market.

Saneg's founder, Bakhtiyor Fazylov, explained that Saneg had become one of Uzbekistan's largest oil and gas companies with great potential in production, science and innovation thanks to “our human capital” who have enabled the business to be a “dynamic player” in the market. 

“I express my deepest gratitude to Shokir Fayzullayev, who has been with us since Saneg's beginning, for his years of diligent and responsible work as CEO. I am sure that the foundation that he laid down will further promote the progressive and sustainable development of Saneg under the leadership of Tulkin Yusupov,” stated Fazylov.

Before his appointment as CEO, Yusupov served as Saneg’s Deputy CEO for Innovative Development and Technology. 

Yusupov is aged 43 and graduated from Tashkent State University of Economics with a degree in International Business. 

He then qualified as a specialist in drilling technologies at the Texas institution as part of a program that included rotations in the US, the UK North Sea, the United Arab Emirates and Algeria.

He has also completed the professional management program of the Japan International Cooperation Agency (JICA) in Osaka, Japan.

Production rise

Seneg reported an 8 percent increase in production in its most recent earnings as output was boosted while meeting all global oil field standards.

The company reported that the main drivers of growth were the commissioning of 10 new wells as well as geological and technical measures carried out at 159 wells from the areas of Andijan to Ustyurt.

However, Saneg currently concentrates on oil production. Projects were implemented to raise output in the Chegara, Sardob, Sarikum, Sharky and Gharbiy Toshli, Yangi Karatepa and Mingbulak fields.

The company was also able to achieve an increase in average daily production, to 1,578 tons of oil per day, up from the year-ago figure of 1,362 tons, an increase of more than 15 percent.

The company said it continued to diversify its marketing order book.

The earnings showed that more than 103,000 tons of diesel fuel, 96,000 tons of gasoline and 25,000 tons of bitumen were delivered to customers during the first nine months.

To date, contracts for the supply of the company's products have been concluded with 900 customers, 887 on the domestic market and 13 outside the Republic of Uzbekistan.

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