UzAssets plans to sell Fergana Oil Refinery

The investment company UzAssets under the State Assets Management Agency announced its intention to sell a 100% stake in the authorized capital of Fergana Oil Refinery LLC through an open sale process.

The Fergana Oil Refinery is the second largest oil refinery in Uzbekistan in terms of oil refining volumes. It produces 60 types of petroleum products, fuels and lubricants, including diesel fuel in accordance with Euro-4 and Euro-5 standards (from 2021).

About 94% of the production is sold to the local market, the rest is exported.

Revenue for 2020 was $231 million, gross profit – $54 million. The average annual net profit for the last 3 years was $19 million.