Activities in the oil and gas sector cover the entire chain of oil and gas operations from geological exploration; development of oil and gas fields; drilling; and production to processing of hydrocarbons; production of petroleum products; oil and gas and chemical equipment; and providing consumers with petroleum products.
In the sector, there are about 30 industrial enterprises that produce goods such as gasoline, diesel fuel, jet fuel, various types of oils, fuel oil, bitumen, polyethylene of various grades, commercial natural and liquefied gas, oil and gas-chemical equipment, gas equipment, and other goods.
The investment policy for the sector is primarily aimed at attracting foreign investment with know-how technologies in order to diversify the sector and ensure in-depth processing of oil and gas resources.
Over the past five years, such strategic facilities as Ustyurt Gas Chemical Complex, Kandym Gas Processing Complex and a number of other industrial ventures have been put into operation.
Implementation of major strategic projects for deep processing of hydrocarbon raw materials continues.
Specifically, in 2020, it is planned to put into operation a plant for the production of gas-to-liquid fuel. The project will produce 1.5 million tons of high-quality gas-to-liquid fuel that meets the requirements of the European “Euro-5” standard through the annual processing of 3.6 billion cubic meters of natural gas.
Along with this, a new Concept for the implementation of an investment project to expand the production capacity of the Shurtan Gas Chemical Complex has been developed. With the implementation of the project, the capacity of the polymer production plant will increase from the current 125,000 tons four-fold, to 500,000 tonnes. As a result, various opportunities will be created for further development of the petrochemical industry.
Implementation of an investment project is also planned for the modernization of Bukhara Oil Refinery, which will ensure the production of high-quality oil products that meet the Euro-5 standard.