The national holding company Uzbekneftegaz ( uz, "Oʻzbekneftegaz" MXK, russian: НХК "Узбекнефтегаз") is a state-owned holding company of

Uzbekistan Uzbekistan (, ; uz, Ozbekiston, italic=yes / , ; russian: Узбекистан), officially the Republic of Uzbekistan ( uz, Ozbekiston Respublikasi, italic=yes / ; russian: Республика Узбекистан), is a doubly landlocked co ...

's oil and gas industry.

History

Uzbekneftegaz was established on May 3, 1992. In 1998, it was transformed into national holding company. In line with the reform process of the presidential administration under President Shavkat Mirziyoyev, Uzbekneftegaz is expected to go for an IPO. In December 2022 the Chairman of Uzbekneftegaz was one of a number of public officials who were ordered to work in emergency measures for two months, due to the gas crisis in the country.

Operations

Uzbekineftegaz leads a consortium of

Korea National Oil Corporation Korea National Oil Corporation (KNOC) is the national oil and gas company of South Korea and one of the most important industrial companies in the country. The company has operated and continues to operate oil and gas fields in Vietnam, Peru, In ...

, China National Petroleum Corporation and Lukoil exploring and developing gas condensate fields in the Aral Sea. In February 2008, Uzbekneftegaz and consortium led by the

Korea Gas Corporation Korea Gas Corporation (KOGAS) is a South Korean public natural gas company that was established by the Korean government in 1983. KOGAS has grown into the largest LNG-importing company in the world and operates four LNG regasification terminal ...

established the joint venture Uz-Kor Gas Chemical to develop the Surgil

gas field A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...

, containing about of natural gas, and build the Ustyurt gas-chemical complex. It will produce of gas per year and about 500,000 tons per year of plastics as well as 100,000 tons of petrol which is derived as a bi-product in the process. Together with another Korean company,

, Uzbekneftegaz explores Namangan-Tergachi and Chust-Pap oil fields in eastern Uzbekistan. In August 2008, Uzbekneftegas signed a cooperation agreement with Petrovietnam. It also cooperates with Lukoil in the Kandym-Khausak-Shady-Kungrad project to develop several natural gas fields in

. Uzbekneftegaz together with China National Petroleum Corporation owns and operates the Uzbek section of the

Central Asia–China gas pipeline The Central Asia–China gas pipeline (known also as Turkmenistan–China gas pipeline) is a natural gas pipeline system from Central Asia to Xinjiang in the People's Republic of China. By connecting Turkmenistan to China’s domestic grid, this ...

. They also have a joint venture for developing the Mingbulak oilfield. Together with

Sasol Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. The company was formed in 1950 in Sasolburg, South Africa and built on processes that were first developed by German chemists and engineers in the early ...

and Petronas, Uzbekneftegaz develops

Uzbekistan GTL Uzbekistan GTL (Oltin Yo'l GTL) is a gas-to-liquids (GTL) plant in the Qashqadaryo Region, Uzbekistan. History Construction of a GTL plant in Uzbekistan was discussed between Uzbekneftegaz and Abu Dhabi's International Petroleum Investment Company ...

, a

gas-to-liquids Gas to liquids (GTL) is a refinery process to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons, such as gasoline or diesel fuel. Methane-rich gases are converted into liquid synthetic fuels. Two general strategies ex ...

(GTL) project. In June 2022 GTL launched a synthetic production plant. In addition, Uzbekneftegaz has a production sharing agreement with Gazprom on gas exploration, joint ventures with Prista Oil on motor oil and lubricants production, and with

Ariston Thermo Ariston Holding NV is an Italian corporation (whose legal seat was transferred to the Netherlands in 2021) that produces heating systems and related products, marketed mainly under the Ariston, Chaffoteaux, Elco, Racold, Régent, Atag, NTI, H ...

on heating boilers production.

References

{{Reflist, 2

External links

Company website
Oil and gas companies of Uzbekistan National oil and gas companies Energy companies established in 1992 Non-renewable resource companies established in 1992 1992 establishments in Uzbekistan