Malaysia’s Five Petroleum to help advance Uzbekistan’s fuel and energy sector development

Bakhodir Sidikov, Chairman of JSC Uzbekneftegaz, held talks with the CEO of Five Petroleum regarding the creation of a network of gas stations under the Malaysian company's brand. During the meeting, the parties discussed the implementation of modern technologies and international standards to improve the quality of products and services.

They also considered the possibility of Five Petroleum creating transport and logistics infrastructure in various regions of Uzbekistan.

Furthermore, JSC Uzbekneftegaz and Five Petroleum agreed to deepen their partnership and develop initiatives of strategic significance for the fuel and energy sector of the country.

On July 1, 2024, Karomidin Gadoev, Uzbekistan’s Ambassador to Malaysia, met with the founder and CEO of Five Petroleum Malaysia, King Lim Chin Fui. The parties discussed investment opportunities in Uzbekistan and the implementation of projects in the Samarkand region.

The Malaysian company expressed its readiness to establish cooperation with Uzbek enterprises in the production of non-alcoholic beverages and the supply of aluminum cans for them. An agreement was also reached to implement a project to create a network of gas stations equipped with modern technology in Tashkent, with plans to expand to other regions in the future.

Five Petroleum Malaysia was founded in 2020. Currently, the company operates more than 110 gas stations across Malaysia. It also owns 60% of BHPetrol, which operates more than 400 gas stations.