The UzAssets investment company under the State Assets Management Agency announced its intention to sell a 100% stake in the Fergana Oil Refinery LLC through an open sale process.
The Fergana Oil Refinery is the second largest oil refinery in Uzbekistan. It produces 60 types of oil products, fuels and lubricants, including diesel fuel in line with Euro-4 and Euro-5 standards (from 2021).
About 94% of the production is marketed to the local market, the rest is exported.
Revenue in 2020 stood at US$ 231 million, gross profit - US$ 54 million. The average annual net profit for the last 3 years was at US$ 19 million.