Uzbekneftegaz Establishes Subsidiary in the UAE to Enter Global Market

Tashkent, Uzbekistan (UzDaily.com) — The state company Uzbekneftegaz announced the creation of a subsidiary in the United Arab Emirates, Orient Energy Limited, which will operate under the brand UNG Overseas.

The main objectives of the new entity include attracting investments from international financial institutions and investors to implement major projects in the energy sector, related industries, and infrastructure.

Additionally, UNG Overseas will promote Uzbek products in global markets, develop new hydrocarbon supply chains, and ensure the country’s long-term energy security. The company will also serve as an international investment and trading hub, facilitating cooperation with global energy corporations and strategic partners.

The establishment of UNG Overseas is part of Uzbekneftegaz’s strategic plan to enter the global market and attract foreign investments, and will also be used to implement modern environmentally friendly and energy-efficient technologies.