Sanoat Energetika Guruhi (Saneg), Uzbekistan’s largest privately-held oil and gas company, has recently strengthened its position in the lubricants industry through a strategic cooperation agreement with CGC Lubricants Italy. The latter is known for producing automotive and industrial oils and lubricants.
This acquisition brings CGC Lubricants’ state-of-the-art production plant into Saneg’s portfolio. According to the news release, the production plant located in Bari, Italy employs 19 skilled professionals, complemented by a commercial office in Rome with 11 employees. This deal provides Saneg with a substantial share of the Italian and European lubricants market, including CGC’s distribution network in Italy, France, Spain, and Portugal.
"CGC Lubricants Italy's expertise in developing and producing high-performance lubricants will be instrumental in enhancing Saneg's oil production capabilities. The company's Bari plant houses a fully accredited R&D laboratory, which is continuously innovating and developing a wide range of new lubricants. This expertise will be integrated into Saneg's Fergana Oil Refinery (FNPZ), leveraging CGC Lubricants Italy's advanced technologies and know-how to elevate the production of lubricants in Uzbekistan," said Yusupov, CEO of Saneg, in the Feb. 14 news release announcing the acquisition.
According to its product page, CGC Lubricants produces a variety of automotive lubricants and antifreeze products, industrial lubricants, and greases that prevent wear and corrosion.
"This acquisition is a significant landmark in Saneg's ongoing business expansion strategy. The synergy between the two companies will not only expand Saneg's reach into the European market but also solidify its position as a technological leader in the lubricants industry within Uzbekistan and Central Asia. The acquisition aligns with Saneg's commitment to continuous innovation, operational excellence, and sustainable development, driving the company towards becoming a global leader in the lubricants sector," said Fazilov, chair of Saneg’s management board in the Feb. 14 news release.
According to the Feb. 14 news release, the agreement between CGC Lubricants Italy and SEG Motol will provide an opportunity for CGC Lubricants to expand their expertise in formulating and producing a variety of lubrication products, as well as marketing, commercial, and technological collaborations.