Uzbekistan stimulates production of high quality motor oils

The resolution is directed at further stimulating production of high quality and competitive synthetic, semi-synthetic and mineral oils, antifreeze, and saturation of internal market of Uzbekistan and increase export of these products.

The document prolonged preferences to joint venture Uz-Prista on payment of value added tax in national currency at the rate of the Central Bank of Uzbekistan at purchase of basic oils from Ferghana Refinery in hard currency till the end of 2015. Earlier, the venture had this preference till the end of 2013.

Till 2015 Uzbekneftegaz will each month provide 3,000 tonnes of basic oil, produced at Ferghana Refinery, to Uz-Prista, of which 2,000 tonnes will be supplied in hard currency, received due to exports of oils.