Saneg Company's Oil Field Licenses in Uzbekistan Canceled Due to Non-Compliance

Licenses previously granted to Saneg company for oil field operations in Uzbekistan have been revoked due to failure to meet contractual obligations. The Director of the State Assets Management Agency (DABA) stated that the fields themselves were not privatized, but the right to use the subsoil was licensed. The licensing procedure for hydrocarbon exploration has since shifted to an auction-based system.

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