BAKU, Azerbaijan, August 31. The share of Uzbek oil refining has been brought up to almost 90 percent at the Fergana Oil Refinery,Trend reports via Uzbek media outlets.
This became possible thanks to an increase in the rate of production of local raw materials by Uzbek Sanoat Energetika Guruhi (SEG), which recently acquired a 100 percent stake in the Fergana Oil Refinery.
The company has owned 103 fields in Uzbekistan since the end of 2019. SEG is investing significant funds in increasing the degree of provision of the country with its own raw materials.
For 7 months of 2020, oil import from abroad accounted for 37 percent, while for the same period of 2021 – 24 percent. In 7 months of 2022, the share of imported oil in refining of the Fergana Oil Refinery does not exceed 4 percent. Against the background of a reduction in imports of foreign oil, the volume of oil produced in Uzbekistan is increasing.
In the future, the refinery plans to reduce the processing of imported oil and focus all its attention on the processing of oil produced within Uzbekistan.
