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NEWS

France's Axens to develop modernization project of Ferghana Refinery

10 January 2013

http://uzdaily.com of 1/10/2013 - France's Axens prepare a project on modernization of Ferghana Refinery to production of high-octane oil products, RIA Novosti reported quoting representative of Uznefteproduct joint stock company.

French company won a tender on conducting audit and developing preliminary feasibility study of the project on production oil products of Euro-3 and higher requirements at Ferghana Refinery.

In line with the tender terms, Axens develops ways of optimization of existing technologic line of the plant and schemes on increasing production of light oil products up to 95%. The contract with French company will be signed in the end of January. The contract will be implemented till the end of 2013.

Earlier, Uznefteproduct was planning to launch the project on modernization of the plant with the cost of US$100 million in the first half of 2014 and start production of high-octane petroleum components in 2016.

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. The plant is planning to modernize treating facilities. The project cost is US$14.4 million.

Total capacity of three refineries of Uzbekistan - Bukhara Refinery, Ferghana Refinery and Altyarik Refinery - makes up 11.12 million tonnes.