In 2013-2016 Uzbekistan will carry out construction of the second stage of Bukhara Oil Refinery worth $475 million, the information published on the website of the Ministry of Foreign Economic Relations, Investment and Trade (IBEC), said.
The project on the second stage envisages construction of facilities for the production of 960,000 tons of gasoline, 706,000 tons of diesel fuel and 250,000 tons of jet fuel of Euro-3 standard a year.
Within expansion of Oil Refinery it is also planned to construct installation designed for light naphtha isomerization unit with a capacity of 300,000 tons per year based on the existing capacity of the plant, and construction of fuel oil catalytic cracking unit (RFCC).
Preliminary construction cost is $475 million. Funding for the work will be carried out at own expense of Uzbekneftegaz NHC, foreign loans and investment, loans from the Fund for Reconstruction and Development of Uzbekistan.
The project is implemented within the framework of a program to increase the output of light oil products at the factory to 95 percent and the production of high-octane gasoline components by the standards of Euro-3 and above.
Bukhara Oil Refinery was launched in 1997. The target capacity of the oil refinery is 2.5mln tons of oil products a year. The plant produces high-quality types of gasoline (Ai-91, Ai 93, Ai-95), kerosene and diesel fuel.
In autumn 2009, the Bukhara oil refinery began mass production of jet fuel Jet A-1. Investments in construction of production line of new fuel type with capacity of 500 tons per day amounted to about $3 million.
Oil and gas condensate production in Uzbekistan is currently carried out at three refineries - Bukhara, Fergana and Altyaryk ("Altyaryk fuel production") with a total capacity of 11.12 million tons of oil annually. At present, these capacities are 60% full.
According to official statistics, in 2012 Uzbekistan reduced the production of liquid hydrocarbons by 11.6 percent - to 3.165 million tons. At the same time oil production fell by 17.4 percent - to 1.561 million tons, gas condensate - by 5.6 percent - to 1.604 million tons.
Gasoline production fell last year by 6.3 percent - to 1.226 million tons, kerosene - by 8.1 percent - to 304,500 tons, diesel fuel - by 2.9 percent - to 1.021 million tons, fuel oil - by 8.2 percent - to 255,200 tons, bitumen - by 8.1 percent - to 151,300 tons.