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NEWS

Ferghana oil processing plant to modernize capacities

30 December 2011

http://www.uzdaily.com of 12/30/2011 - Ferghana oil processing plant will start modernization of its capacities in 2012. The projects' cost is US$115 million.

In particular, the company plans to implement project "Hydro elevation of oil fractions at the Ferghana refinery" with the cost of US$99 million. The project implementation will help to process up to 500,000 tonnes of oil fractions a year.

Within the second project, it is planned to introduce technology on processing of oil-slime. The project cost valued at US$6 million. After the project implementation, the Ferghana refinery will process up to 5,000 tonnes of oil-slime a year.

The plant will also reconstruct cleaning facilities with the cost of US$10 million. The project will allow to keep the volume of oil in sewage at the level of 1 milligramme per liter. The projects will be completed by mid-2014.

The projects will be financed due to own resources of Uzbekneftegaz national holding company and the loans of the Fund for Reconstruction and Development of Uzbekistan.

Ferghana oil processing plant was commissioned in 1959 and currently it produces about 60 types of oil products. The designed processing capacity of the plant is about 5.5 million tonnes of oil a year.