By 2030 Uzbek Saneg aims to capture 5% of commodity oil market in Italy
From 2027 to 2030, Saneg plans to capture 25% of the commodity oil market in Uzbekistan. The company announced its strategy at a conference for partners of SEG Motol, a manufacturer of oils within the Saneg group.
Saneg aims to extend its reach beyond the local market. By acquiring a plant in Bari, Italy, the company has launched a range of premium synthetic oils for modern passenger vehicles.
Previously, the plant produced oils under brands like Texaco and Chevron, as well as for Toyota and Nissan. Saneg will market its premium line under its own name.
Mauro Nocelli, Executive Director of Saneg Oil Italy, highlighted that advanced technologies and production capabilities allow the company to meet European quality standards. By 2030, Saneg targets a 5% share of the commodity oil market in Italy.
The company will also introduce the premium Saneg brand in Uzbekistan, aiming to become the top brand in the republic. Currently, Saneg offers around 15 types of industrial oils and lubricants for commercial vehicles under the SEG Motol brand, produced at the Fergana Oil Refinery.
Today, the Fergana Oil Refinery produces 100,000 tonnes of base oils and 10,000 tonnes of commodity oils. The Saneg Oil Italy plant manufactures 10,000 tonnes of commodity oils and lubricants. Saneg plans to increase commodity oil production in Uzbekistan to 60,000 tonnes and base oil production to 150,000 tonnes annually. In Italy, the target is 20,000 tonnes of commodity oils and 5,000 tonnes of lubricants per year.
Bakhtiyor Asatullaev, Director of SEG Motol, stated that the product line will gradually expand from simple to more complex offerings. He emphasised the goal of relocating the production of all possible products to Uzbekistan in the future.
In February 2024, Saneg announced the acquisition of the Italian producer CGC Lubricants Italy S.P.A. Following the acquisition, the firm rebranded itself as Saneg Oil Italy S.P.A.
