At the Fergana Oil Refinery, the share of Uzbek oil refining has been brought up to almost 90 percent.
This increase was made possible thanks to a growth in the rate of production of local raw materials by Sanoat Energetika Guruhi (SEG), which has owned 103 fields in Uzbekistan since the end of 2019.
If for 7 months of 2020 the import of foreign oil was 37%, then for the same period of 2021 it was already 24%, and after 7 months of the current year, the share of imported oil in the refining structure of the FOR was less than 4%. Against the background of a reduction in imports of foreign oil, the volume of oil produced in Uzbekistan is increasing.
One of the largest oil and gas companies in Uzbekistan, SEG, which acquired the state share of the FOR in May this year, produced 276,000 tons of liquid hydrocarbons in the first half of the year, which is 9% higher than the indicator of the previous year. All raw materials extracted by the company were sent for processing at the Fergana Oil Refinery.
“Increasing the extraction and processing of local raw materials plays a big role in the development of the economy of Uzbekistan. Previously, the FOR mainly processed imported oil from Kyrgyzstan and Kazakhstan. Now we are processing oil produced locally in Mubarek, Karshi and Andijan. Our plans include a significant increase in the workload of the enterprise. By the end of next year, we plan to process 2 million tons of oil,” said Tulkin Yusupov, Executive Director of SEG.
In the future, the FOR plans to reduce the processing of imported oil to 0% and focus all its attention on the processing of oil produced within Uzbekistan.
