Uzbekistan's Bukhara oil refinery plans to invest $328 million in modernising its production facilities and launching Euro-5 AI-92 and AI-95 petrol production, which is scheduled to begin in the second quarter of 2029, the presidential press service said.

The project envisages upgrading existing technological processes and constructing new production lines. Once completed, the refinery will have an annual capacity to produce 1.1 million tonnes of Euro-5 motor petrol, The Caspian Post reports, citing UzDaily.

The initiative is expected to generate annual savings of $150 million through reduced imports of fuel additives and create 200 new jobs.

On November 12, President Shavkat Mirziyoyev reviewed a presentation on the refinery's operations and expansion plans.

The facility began operations in 1997 and has a designed annual capacity to process 2.5 million tonnes of oil and gas condensate. It manufactures motor petrol, diesel fuel, aviation kerosene and other petroleum products. The refinery employs more than 3,200 people.

During the first nine months of 2026, the plant processed over 1.5 million tonnes of feedstock and produced nearly 1.5 million tonnes of petroleum products.

Its net profit for the period amounted to 2.2 trillion soums.

By the end of the year, the refinery aims to increase feedstock processing to 2.17 million tonnes and petroleum product output to 2.12 million tonnes.

The presentation also addressed a separate refinery expansion project with a preliminary estimated investment of $1.8 billion. The initiative envisages introducing modern oil refining and petrochemical technologies and constructing new processing facilities.

The project aims to increase annual petroleum product output from the current 2.1 million tonnes to 4.6 million tonnes. Motor petrol production is expected to reach 2.7 million tonnes annually, while diesel output is projected at 1.24 million tonnes and aviation kerosene production at 500,000 tonnes.

The expansion also предусматривает the production of benzene and other petrochemical products, as well as higher-value goods through deeper processing of feedstock.

The refinery intends to cooperate with technology companies from China, France, the United States and Azerbaijan to implement the project. Construction is scheduled to start in 2028.

During the presentation, Mirziyoyev was briefed on the projects' economic efficiency, the adoption of modern technologies and plans to expand the production of high-quality petroleum products.