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Uzbekistan puts Jizzakh refinery project on hold of USD 2.2 billion

Gasoil News - Published on Tue, 19 Mar 2019

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ET quoted a senior Uzbek energy official as saying that Uzbekistan has suspended the construction of a USD 2.2 billion refinery designed to run on Russian and Kazakh oil, and opted instead to upgrade its existing refineries. The planned Jizzakh refinery was supposed to produce more than 3.7 million tonnes of gasoline, more than 700,000 tonnes of jet fuel and about 300,000 tonnes of other oil products annually.

Mr Hustniddin Turaev, deputy director of Neftegazinvest, a subsidiary of state energy firm Uzbekneftegaz, told reporters "A decision has been made to prioritise the upgrade of existing refineries, the Bukhara and Fergana ones."

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Posted By : Rabi Wangkhem on Tue, 19 Mar 2019
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