Share of Uzbek oil in the total refining at the Fergana Oil Refinery (FOR) has been brought up to almost 90 percent. This increase was possible thanks to an increase in the oil production by Sanoat Energetika Guruhi (SEG), which owns 103 fields in Uzbekistan since the end of 2019.
If in 7 months of 2020 the import of oil was 37%, then for the same period of 2021 it was downed to 24%, and after 7 months of the current year, the share of imported oil in the refining does not exceed 4%.
One of the largest oil and gas companies in Uzbekistan, SEG, which purchase the government’s stake in FOR in May this year, produced 276,000 tons of liquid hydrocarbons in the first year-half, which is by 9% higher than the same period last year.
“Increasing the extraction and processing of local raw materials plays a big role in the development of the Uzbek economy. Previously, FOR mainly processed imported oil from Kyrgyzstan and Kazakhstan. Now we are processing oil produced in the provinces of our country - Mubarek, Karshi and Andijan. Our plans include a significant increase in the capacity of the enterprise. Before 2024, we plan to in cerase throughput to 2 million tons unprecedented for FOR for a long time,” said Tulqin Yusupov, Executive Director of SEG.
In the future, the FOR plans to reduce the processing of imported oil to 0% and focus on the processing of oil produced in Uzbekistan.
