Saneg acquires Italian lubricants producer CGC Lubricants
Photo courtesy of Sanoat Energetika Guruhi (Saneg)

Saneg acquires Italian lubricants producer CGC Lubricants  

Sanoat Energetika Guruhi (Saneg), Uzbekistan’s largest private oil and gas firm, announced on February 14th its acquisition of CGC Lubricants Italy, an Italian producer of high-performance automotive and industrial lubricants.

The deal marks a major step in Saneg’s European expansion and cements its position as a technological leader in lubricants, said Saneg Chairman Bakhtiyor Fazilov. Saneg subsidiary and Uzbek lubricants manufacturer SEG Motol also signed a strategic pact with CGC.

CGC’s expertise and Italian R&D facilities will boost production quality in Saneg’s Fergana refinery, said Saneg CEO Tulkin Yusupov. The partners aim to fully localise output within three years to supply Uzbekistan and abroad.

CGC Lubricants Italy boasts a state-of-the-art production plant in Bari, Italy, employing 19 skilled professionals, and a commercial office in Rome with 11 employees. The company’s production processes are highly automated, ensuring efficiency and consistency in the manufacturing of more than 200 types of lubricants. The company’s Bari plant includes a fully accredited research and development (R&D) laboratory, continuously innovating and refining formulations for a wide range of lubricants.

With an extensive European distribution network, the acquisition also provides Saneg immediate continent access. Additionally, the SEG Motol tie-up enables collaboration across multiple spheres to drive growth.

Founded in 2017, Saneg produces 80% of Uzbekistan’s crude oil, aiming to expand its hydrocarbon processing capability.