Uzbekneftegaz in talks with CNPC on gasoline and diesel supplies

Talks with CNPC on fuel supplies

Uzbekneftegaz is discussing with China's CNPC and its subsidiary PetroChina the supply of gasoline and diesel fuel, as well as an increase in imports of oil and condensate for processing at the Bukhara oil refinery. Deputy Chairman of the state company's board Farid Muminov announced this at a press conference on October 27, reports Spot.uz. We are talking about gasoline with an octane rating of 92 and higher; supply volumes will depend on domestic demand.

Context of the October 20 meeting

According to Muminov, the talks are aimed at diversifying import sources and reducing the risks of disruptions in supplying the domestic market with petroleum products. Their continuation became possible after the October 20 meeting between Uzbekneftegaz Chairman of the Board Abdugani Sanginov and a delegation led by CNPC President Zhou Xinhua: the parties discussed long-term supplies of petroleum products, expanding cooperation in the oil and gas sector, and accelerating joint projects. According to the state company, the total volume of cooperation with CNPC has exceeded $1 billion — this amount includes import contracts, service services, and joint projects. The meeting also considered the possibility of opening a permanent CNPC representative office in Tashkent.

What is known and what remains undetermined

In practical terms, for the domestic market this means the potential emergence of an additional source of gasoline and diesel fuel alongside existing import channels, and for the Bukhara refinery — increased capacity utilization thanks to oil and condensate from China. However, specific volumes, timelines, and terms of supply are not named in the publications: according to Spot.uz, they will depend on domestic demand, meaning the agreements are still at the negotiation stage, not at signing. Separately, Spot.uz previously reported that Uzbekneftegaz did not propose returning the Fergana oil refinery to its ownership.