Uzbekistan's Uzbekneftegaz Unveils Future Plans and Sustainability Efforts to S&P Global and UzAssets

Uzbekistan's Uzbekneftegaz has recently hosted a delegation from S&P Global Ratings and representatives from UzAssets company to provide a detailed overview of its current operations and strategic growth plans, highlighting key areas such as hydrocarbon exploration and processing, financial stability, corporate transformation, and progress in environmental, social, and governance (ESG) initiatives.

The presentation underscored Uzbekneftegaz’s vital role as a key contributor to Uzbekistan’s economy and a leader in the nation’s energy sector, The Caspian Post informs via Uzbek media.

The company is focused on expanding its resource base, strengthening partnerships with international industry leaders, and adopting cutting-edge technologies to boost efficiency in hydrocarbon extraction and processing.

Highlighting its ongoing modernization efforts, the company reported significant progress at the Bukhara Oil Refinery, while the Uzbekistan GTL plant continues operating at full capacity, demonstrating the positive outcomes of recent investments.

Financially, Uzbekneftegaz continues experiencing steady growth, maintaining a balanced capital structure and robust liquidity. This stability is driven by increased production, strong governmental support, and confidence from global financial institutions.

In collaboration with UzAssets, Uzbekneftegaz is advancing its transformation agenda by digitalizing operations, optimizing production workflows, and implementing modern corporate governance frameworks.

Aligned with its ESG commitments, the company is actively reducing carbon emissions, improving energy efficiency, and reinforcing its position as a responsible and sustainable leader within the global energy industry.