• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12559.26
    • RUB160.17
    • EUR14413.01
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +38°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan

    Uzbekistan's Saneg acquires Italian industrial oil and lubricants producer CGC Lubricants Italy

    Uzbekistan's Saneg acquires Italian industrial oil and lubricants producer CGC Lubricants Italy

    "Sanoat Energetika Guruhi" (Saneg), Uzbekistan's largest privately-held oil and gas company, has announced the acquisition of CGC Lubricants Italy, a prominent producer of automotive and industrial oils and lubricants based in Italy.

    Saneg logo and oil refineries.
    Source: Podrobno.uz

    Strengthening Market Position and Technological Expertise

    The acquisition of CGC Lubricants Italy represents a strategic step for Saneg, providing access to advanced technologies and expertise in lubricant production. Through this acquisition, Saneg aims to enhance its capability to supply high-quality lubricants to both Uzbek and European markets, further solidifying its foothold in the global lubricants industry.

    Bakhtiyor Fazilov, Chairman of the Management Board of Saneg, emphasized the strategic significance of the acquisition, stating, “The synergy between the two companies will not only expand Saneg’s reach into the European market but also solidify its position as a technological leader in the lubricants industry within Uzbekistan and Central Asia.”

    Leveraging Expertise for Domestic Production

    Industrial oil.
    Source: Zoro

    Saneg CEO Tulkin Yusupov highlighted the potential for integrating CGC Lubricants Italy’s advanced technologies into Saneg’s operations, particularly at the Fergana Oil Refinery (FNPZ) in Uzbekistan. CGC Lubricants Italy’s expertise in developing high-performance lubricants will enhance Saneg’s production capabilities, contributing to the company’s goal of becoming a global leader in the lubricants sector.

    The strategic cooperation agreement between CGC Lubricants Italy and SEG Motol, a Saneg subsidiary, underscores the commitment to collaboration and innovation. This partnership will facilitate knowledge sharing in lubricant formulations and production technologies, furthering the development of high-tech lubricants for both domestic and international markets.

    Strengthening Domestic Manufacturing and Market Presence

    Saneg aims to localize the production of CGC Lubricants Italy’s products in Uzbekistan within three years, bolstering the country’s domestic manufacturing capabilities. Additionally, the acquisition provides Saneg with access to CGC Lubricants Italy’s extensive distribution network across Italy, France, Spain, and Portugal, strengthening its presence in the European lubricants market.

    The collaboration between SEG Motol and CGC Lubricants Italy extends to joint marketing initiatives aimed at promoting Saneg and SEG Motol brands across Uzbekistan, Central Asia, Italy, and the European Union.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    14.02.2024, 20:50   Comments (0)   2236
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    33.2% dive in world oil prices brings 21.3% drop in Uzbekistan's gasoline rates in 2H 2022

    27.12.2023, 01:09

    President Mirziyoyev meets Chairman of Chinese National Oil and Gas Corporation

    24.01.2024, 15:54

    Uzbekistan to increase Russian oil imports by 10% in 2024

    26.01.2024, 22:13

    IT Park generates $1bn in revenue in 2023, discusses vision for 2024 

    14.02.2024, 19:47

    Uzbekistan's web resources face over 11.2 mn cyber attacks in 2023

    14.02.2024, 17:55

    UzSAMA sells share of state grain enterprise for over $1mn 

    14.02.2024, 17:22
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Locusts sweep across 500,000 hectares in Uzbekistan as authorities intensify control measures

    Uzbekistan | 21 June, 12:32

    Uzbekistan's Kashkadarya region poised for $15bn growth as Mirziyoyev pushes reforms and investment

    Uzbekistan | 21 June, 10:36

    Kazakhstan boosts waste recycling from 1% to 25% in a decade, targets 40% by 2030

    Kazakhstan | 20 June, 15:30

    Uzatom, Rosatom sign agreement to explore feasibility of high-capacity nuclear plant in Uzbekistan

    Uzbekistan | 20 June, 14:36

    Uzbekistan signs $68mn in export contracts at Turkic States Trade Forum in Baku

    Uzbekistan | 20 June, 12:34

    Brilliant minds of Uzbekistan: How one woman from Tashkent is shaping the future of legal AI - interview with Malika Khikmatillaeva

    Uzbekistan | 20 June, 11:00

    Uzbekistan fines 13 banks in May amid heightened regulatory scrutiny

    Uzbekistan | 20 June, 10:30

    President Mirziyoyev visits Uzbekistan’s newly built $1.5mn hydropower power plant in Hisorak

    Uzbekistan | 20 June, 09:06

    Kazakhstan’s Magnum exits Uzbekistan after 3.5 years in market

    Uzbekistan | 19 June, 17:31
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.