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NEWS

Uzbekneftegaz re-announces tender on for modernization of Ferghana Refinery

16 July 2012

http://uzdaily.com of 7/16/2012 - Uzbekneftegaz national holding company announced a tender on holding audit and development of preliminary feasibility study for modernization and reconstruction of existing technologic capacities of Ferghana Refinery in order to produce oil products of Euro-3 and higher standards.

According to the tender terms, the starting cost is US$795,000. The winner should develop variants of optimization of technologic capacities of the plant and schemes for increasing production of light oil products up to 95%. Tender proposals are received till 13 August 2012.

The tender for development of feasibility study has been announced three times in 2010-2011, but they were abolished due to low number of applications. Uzbekneftegaz was planning to launch modernization of the Ferghana Refinery in the end of 2012, but now project implementation can be started in 2014.

The project with estimated cost of US$100 will be financed due to own resources of Uzbekeftegaz and loans of the Fund for Reconstruction and Development of Uzbekistan.

Ferghana Refinery 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.