Gulf Oil has unveiled plans to enter the Uzbekistan market with a major investment project centered on fuel retail and aviation supply.

The announcement was made on February 18 during a meeting in Washington between Shavkat Mirziyoyev and representatives of American businesses, The Caspian Post reports, citing Uzbek media.

The investment details were shared on February 18 during a high-level meeting between President Shavkat Mirziyoyev and representatives of American businesses in Washington. Gulf Oil aims to invest at least $150 million into the development of its retail network, with plans to construct approximately 100 gas stations across the country within the next two years.

According to the investor, the new facilities will be built in accordance with Western technical and environmental standards. The primary goal of the expansion is to provide the Uzbek market with high-quality fuel and modern service infrastructure.

Local authorities have already signaled strong support for the project. Regional governors have reportedly proposed nearly 200 potential sites for the placement of the future stations, offering the company a wide range of strategic locations to choose from.

Beyond retail fuel, Gulf Oil is exploring further diversification within Uzbekistan’s energy and transport landscape. The company is considering an additional investment of approximately $50 million into the aviation sector.