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Uzbekistan privatises its largest oil refinery (108 kb/d)

23 Jun 2022

Uzbekistan has sold its state-owned refinery Fergana Oil Refinery (108 kb/d) to Sanoat Energetika Guruhi (SEG), an Uzbek private oil and gas company. The privatisation follows a competitive tender process as part of Uzbekistan’s state asset privatization program. SEG aims to double the refinery's capacity, which should be able to produce Euro-5 gasoline by September 2023. In 2021, Uzbekistan had a total oil refining capacity of 232 kb/d from its three refineries located in Ferghana (108 kb/d), Alty-Arik (66 kb/d), and Bukhara (50 kb/d). They are operated at only 20% of their capacity, as demand is limited. SEG is a vertically integrated oil and gas company in Uzbekistan, which produced 0.5 Mt of oil in 2020 and 0.5 bcm of natural gas.

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