- CEO
- Yu Song
- Full Time Employees
- 2,356
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- West Tower, Cheung Kong Center II Hong Kong Hong Kong
- IPO Date
- Apr 8, 1992
- Business
- United Energy Group Limited (SEHK: 0467) is an investment holding company principally engaged in upstream oil and natural gas exploration, development and production; clean energy projects including solar power generation; and energy trading encompassing petrochemicals and related products. The company operates through two primary segments, Exploration and Production, and Trading, with core activities involving the exploitation of crude oil and natural gas reserves, construction and operation of clean energy facilities, and provision of administrative and financing support services to its operations. It maintains a diversified portfolio of oil, gas and clean energy assets across the Middle East, North Africa, South Asia, Europe, Central Asia and other regions, targeting international energy markets and supporting global energy demand while advancing carbon-neutral transitions.
Founded in 1992 and headquartered in Central, Hong Kong, United Energy Group Limited has established subsidiaries in key operational areas such as Egypt, Pakistan, Iraq and Uzbekistan, leveraging mergers, acquisitions and operational expertise to drive growth in hydrocarbon and renewable energy sectors.
In recent developments, the company signed a sale and purchase agreement in February 2025 to acquire Apex International Energy Holdings I from Apex International Energy LP for approximately $160 million, expanding its footprint in Egypt's Western Desert with high-potential assets including the merged West Razzak, East Kanayis and Southeast Meleiha concessions, boosting combined gross production to around 39,000 barrels of oil equivalent per day in 2024. Additionally, in May and June 2025, it entered into a Heads of Agreement and Production Enhancement Contract with Uzbekneftegaz JSC for the Gazli region in Uzbekistan, marking entry into Central Asia through production enhancement and exploration activities at 21 wells to increase hydrocarbon output. These strategic moves, including further consolidation in Egypt completed by October 2025, underscore the company's expansion in MENA and new geographies while enhancing its upstream portfolio.