Uzbekistan plans giant leap in refining
The country is looking to bring its refining industry up to modern standards, but it needs to resolve the problem of oil supply
Uzbekistan is preparing to expand and upgrade its oil refineries to bolster its fuel security, energy minister Alisher Sultanov tells Petroleum Economist. The move represents a massive step for the country’s downstream sector, which has been largely stagnating for years. The Central Asian state has two main refineries, located in Bukhara and Fergana, with a total nameplate throughput capacity of 8.95mn t/yr (180,000bl/d). But the state-run facilities—which are in poor condition and rely on outdated technology—cannot actually process this much oil, Sultanov says. As a result, the Fergana refinery is loss-making. The poor state of its refineries means Uzbekistan has to rely on imports to cover
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026