Saneg announces acquisition of oil and lubricant manufacturer CGC Lubricants Italy

Tashkent, Uzbekistan, February 14, 2024 /PRNewswire/ — Sanoat Energetika Gulhi (Saneg); of uzbekistan CGC Lubricants Italy, the largest privately held oil and gas company, announced the acquisition of CGC Lubricants Italy, an Italian producer of high-quality automotive and industrial oils and lubricants. This acquisition marks a significant step forward in Saneg’s expansion into the European market and strengthens its position as a technology leader in the lubricant industry.

In addition, CGC Lubricants Italy has signed a strategic cooperation agreement with SEG Motol, a subsidiary of Saneg, the leading Italian manufacturer of technical oils. uzbekistan.

Bakhtiyor FazilovExecutive Committee Chairman Saneg Board of DirectorsSaid:

“This acquisition is an important milestone in Saneg’s ongoing expansion strategy. The synergies between the two companies will not only expand Saneg’s reach into the European market, but also strengthen It will also solidify our position as a technology leader.” uzbekistan and Central Asia. This acquisition is consistent with Saneg’s commitment to continuous innovation, operational excellence and sustainable development and propels the company towards becoming a global leader in the lubricants sector. ”

Turkin YusupovCEO of Saneg, Said:

“CGC Lubricants Italy’s expertise in the development and production of high-performance lubricants will help strengthen Saneg’s oil production capacity. Bari The factory has a fully accredited research and development laboratory that continually innovates and develops a wide range of new lubricants. This expertise will be integrated into his Saneg services. fergana refinery (FNPZ) leverages the advanced technology and know-how of CGC Lubricants Italy to improve lubricant production in Italy. uzbekistan. ”

highlight:

• Saneg acquires CGC Lubricants Italy, an Italian manufacturer of automotive and industrial oils and lubricants.
• The acquisition expands Saneg’s reach into the European market and strengthens the company’s position in the lubricant industry.
• This acquisition will strengthen SANEG’s ability to supply high-tech lubricants to the Uzbekistan and European markets.
• The synergies between Saneg and CGC Lubricants Italy have established Saneg as a technology leader in the Italian lubricants market. Central Asia.
• Uzbekistan SEG Motol, a subsidiary of Saneg, has entered into a strategic partnership with CGC Lubricants.

Saneg’s acquisition of CGC Lubricants Italy brings together two well-established companies in the lubricant industry. CGC Lubricants Italia boasts state-of-the-art production facilities including: bari, italyemploys 19 highly skilled professionals; Rome There are 11 employees. The company’s production process is highly automated, ensuring efficiency and consistency in the production of over 200 types of lubricants.Company’s Bari The factory has a fully accredited research and development (R&D) laboratory that continually innovates and refines a wide range of lubricant formulations.

CGC Lubricants Italy will act as a strategic supplier of high-tech commercial lubricants to FNPZ, ensuring a seamless supply of essential lubricants to the Uzbekistan market and other markets. Saneg said he aims to fully localize the production of CGC Lubricants Italy’s products within three years. uzbekistanfurther strengthen domestic manufacturing capacity.

The acquisition will also give Saneg a significant share of the Italian and European lubricants market, giving it immediate access to CGC Lubricants Italy’s extensive distribution network. Italy, France, Spainand Portugalup to 26,000 tons of product are supplied annually.

The agreement between SEG Motol and CGC Lubricants Italy enables a collaboration that covers scientific, technical, commercial and marketing fields. Key elements include sharing expertise in lubricant formulation and manufacturing technology, and obtaining European safety certification for base oils produced at FNPZ to enable their use in commercial oil and lubricant production. included.

This agreement also applies to joint marketing activities aimed at promoting the Saneg and SEG Motol brands. uzbekistan, Central Asia, Italyand the european union.

About Saneg

Sanoat Energetika Gulhi (Saneg) (up to Jizakh Oil) November 2021) was established in 2017 with the aim of expanding the country’s production capacity for deep processing of hydrocarbon feedstocks and production of high-quality petroleum products, and increasing the export potential of petroleum products. of uzbekistan oil and gas industry.

Saneg is uzbekistan‘The largest private oil and gas company in the United States, it owns subsoil rights to 103 deposits for geological exploration and extraction and accounts for approximately 80% of the nation’s oil production. republic of uzbekistan. The company employs his more than 5,000 employees. The company’s production facilities are located in Karshi, Mubarek, Fergana and Andijan.

About CGC Lubricants Italia SpA

CGC Lubricants Italy SpA is a leading Italian company with 30 years of experience in the lubricant industry, specializing in the production and distribution of oils and lubricants. The company’s production facilities are located at: Bariwhose headquarters are located in. Rome. CGC Lubricants Italy produces a comprehensive range of oils and lubricants that meet the stringent requirements of European car manufacturers and manufacturers of modern industrial equipment.

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Source Saneg (Sanoat Energetika Guruhi)