13 December 2019

00:00:00 (GMT+5)

Tashkent +4,7 °C

12 Apr  2019 1014

Fergana Refinery LLC is to be managed by international consortium

In accordance with the Resolution of the President “On measures to modernize the Fergana refinery with the attraction of foreign direct investment”  100 percent of the Uznefteprodukt JSC share in the authorized capital of Fergana Refinery LLC is transferred to the State Assets Management Agency.

Indonesian RT Trans Asia Resources is to invest into The Fergana Oil Refinery to upgrade it according to the international standarts. After the modernization of the plant and the full launch of all capacities, RT Trans Asia Resources will create a consortium of leading international companies for the further operation of the plant.

In the future, the state share in the authorized capital of the plant will be sold to RT Trans Asia Resources on the terms of the Government.

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