Tashkent, Uzbekistan (UzDaily.uz) — Uzbekneftegaz exported US$803.7 million worth of products in January–October 2026, exceeding its target by 46.4%, the company’s press service reported.
Over the ten-month period, the target for marketable product output was met by 103.7%, with production growth of 7.5%. The investment target was fully achieved, while the production localisation target was exceeded by 29.5%.
The company reduced production costs by 2.1 trillion soums, while payments to the state budget totalled 7.9 trillion soums.
Liquid hydrocarbon production reached 1.016 million tonnes.
The company also exceeded its production targets for motor petrol, diesel fuel, liquefied gas, aviation kerosene, sulphur and polyethylene.
A management meeting chaired by Uzbekneftegaz head Abdugani Sanginov reviewed the company’s performance over the first ten months and its priorities for the remainder of the year.
The priorities include maintaining production stability, accelerating investment projects, strengthening executive discipline and preparing for 2027.
Following on-site assessments at enterprises operated by the Mubarek, Shurtan, Gazli and Ustyurt oil and gas production directorates, the company decided to implement 459 measures. Their implementation is expected to increase daily gas production by an additional 3.4 million cubic metres.
The company aims to produce 22.8 billion cubic metres of natural gas in 2026. Sanginov instructed responsible staff to ensure the timely and effective implementation of geological and technical measures and to make efficient use of each well’s potential.
The company’s environmental, social and governance (ESG) score also increased from 50 to 55 points.
The meeting also addressed preparations for winter at workers’ dormitories and mobile accommodation units, the condition of heating systems, and the provision of winter clothing and footwear, hot meals and drinking water to employees.
Following inspections by four working groups, those responsible were instructed to address the shortcomings identified.
For 2027, the company has been tasked with preparing proposals to expand social support for employees and improve working conditions.
It was also instructed to draft regulations for the “Pride of the Oil and Gas Industry” badge of honour and a development programme for the branch of the Gubkin Russian State University of Oil and Gas.
