Uzbekneftegaz Presents Development Strategy to S&P Global Ratings Delegation

Tashkent, Uzbekistan (UzDaily.com) — A meeting was held at joint-stock company Uzbekneftegaz with a delegation from S&P Global Ratings and representatives of JSC UzAssets.

During the event, the company provided a detailed overview of its operations and outlined its strategy for further development.

The presentation covered key areas of activity, including the development of hydrocarbon production and processing, strengthening financial resilience, implementing the transformation program, and achieving ESG objectives.

Uzbekneftegaz reaffirmed its status as a major player in the national economy and a leader in Uzbekistan’s energy sector. The company focuses on expanding its resource base, enhancing cooperation with leading international partners, and adopting advanced technologies to increase the efficiency of hydrocarbon extraction and processing.

Significant modernization of the Bukhara Refinery is ongoing, while the Uzbekistan GTL plant continues to operate at full capacity.

Financial indicators demonstrate steady growth, supported by a balanced capital structure and high liquidity, driven by increased production volumes, state support, and confidence from international financial institutions.

Within the framework of the transformation program, implemented jointly with UzAssets, the company is actively pursuing digitalization and optimization of production processes, along with the introduction of modern corporate governance standards.

Aligned with the ESG agenda, Uzbekneftegaz is consistently reducing carbon emissions, improving energy efficiency, and strengthening its position as a responsible participant in the global energy sector committed to sustainable development.