Bukhara Refinery to Invest $328M in Euro-5 Petrol Production

Bukhara oil refinery plans to invest $328 million in modernizing production and launching output of AI-92 and AI-95 petrol to Euro-5 standard, the presidential press service reported. Production is scheduled to begin in the second quarter of 2029.

The project involves upgrading existing technological processes and constructing new production lines. Upon completion, the refinery will be able to produce 1.1 million tons of Euro-5 motor petrol annually. Expected savings on imported fuel additives will amount to $150 million per year. Two hundred new jobs will be created.

President Shavkat Mirziyoyev heard a presentation on November 12, 2024, regarding the refinery's operations and expansion plans. The facility has operated since 1997 and has a design capacity of 2.5 million tons of crude oil and gas condensate annually. The enterprise employs more than 3,200 people. Over the first nine months of 2024, it processed more than 1.5 million tons of crude, producing nearly 1.5 million tons of petroleum products. Net profit for this period reached 2.2 trillion som.

In parallel, a larger-scale expansion project with an estimated value of $1.8 billion is under consideration. It envisions the introduction of modern oil refining and petrochemical technologies and construction of new processing units. Annual petroleum product output is planned to increase from the current 2.1 million to 4.6 million tons: motor petrol production will reach 2.7 million tons, diesel fuel 1.24 million tons, aviation kerosene 500,000 tons. The project also includes production of benzene and other petrochemical products.

To implement this project, the refinery plans to engage technology companies from China, France, the United States, and Azerbaijan. Construction is scheduled to begin in 2028.