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Measures on improving financial-economic state of two refineries approved
Measures on improving financial-economic state of two refineries approved

Measures on improving financial-economic state of two refineries approved

Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan approved “road maps” for financial and economic rehabilitation of Ferghana Refinery and Bukhara Refinery.

According to the document, Ferghana Refinery will increase production by 7.5% in 2014 compared to 2013 – to 1.317 trillion soums. The load of the capacity will grow by 29.3% - to 33.5%.

Ferghana Refinery will export goods for US$86 million in 2014, which will grow by 74.1% in 2013. Net income will make up 5.2 billion soums in 2014 against loss at the size of 224.5 billion soums in 2013.

Bukhara Refinery will increase production by 3.9% year-on-year in 2014 – to 1.249 trillion soums. The load of the capacity will increase by 0.5% - to 64.7%. Net income will make up 10.5 billion soums in 2014 against the loss at the size of 226.8 billion soums in 2013.

Within the “road maps”, Ferghana Refinery and Bukhara Refinery will modernize their capacities and introduce new technologies, decrease prime cost and increase production, as well as decrease bill receivable.

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