BAKU, Azerbaijan, May 3
By Klavdiya Romakayeva - Trend:
UzAssets Investment Joint-Stock Company (UzAssets) announced its intention to privatize Fergana Oil Refinery LLC through open bidding, Trend reports referring to the press service of UzAssets.
In accordance with the executive order of the president of Uzbekistan on measures to further accelerate state asset privatization processes, UzAssets plans to sell 100 percent of the shares of the chartered capital of Fergana Oil Refinery LLC through an open sale process.
In addition, it was noted that UzAssets is interested in maximizing transaction value.
Interested parties are invited to submit an application in the form of a letter in English, Russian or Uzbek (at the discretion of the applicant, the letter in Russian or Uzbek must be accompanied by a letter in English), and signed by an authorized representative of the applicant. Applications are proposed to be sent by e-mail no later than May 28, 2021.
The Fergana Refinery is the second-largest refinery in Uzbekistan in terms of oil refining volumes. The plant is located on an area of 478 hectares, buildings occupy 190,000 square meters.
The current production capacity of the refinery amounts to two million tons of oil products per year. Among them there are 60 types of fuels and lubricants, including diesel fuel according to Euro-4 and Euro-5 standards starting from 2021.
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