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 But the state-run facilities—which are in poor condition and rely on outdated technology—cannot actually process this much oil, Sultanov says.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
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy