Uzbekistan Oil and Gas Downstream Market - Growth, Trends, and Forecasts (2020 - 2025)

The market is segmented by Refineries and Petrochemical Plants

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

3 %

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Market Overview

The Uzbekistan oil and gas downstream market is expected to grow at a CAGR of more than 3% during the forecast period. Factors such as supportive government policies, efforts to grow the downstream sector coupled with upcoming projects, are expected to drive the market studied. However, the high capital investment required coupled with a lack of financing due to a global economic slowdown in the event of the COVID-19 outbreak is expected to hinder the growth of the market in the coming years.

  • The Refineries segment held the major market share in 2019, and it is likely to dominate the market during the forecast period.
  • Favorable policies for investment by private players in the sector is expected to provide a significant opportunity for the market players.
  • Favorable government policies in the country are expected to be the major driver for Uzbekistan Oil and Gas Downstream Market.

Scope of the report

The Uzbekistan oil and gas downstream market report include:

Refineries
Market Overview
Key Project Information
Petrochemical Pants
Market Overview
Key Project Information

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Key Market Trends

Refineries to Dominate the Market

  • Refineries sector has dominated the Uzbekistan oil and gas downstream market in recent years and is expected to continue to do so during the forecast period too.
  • The country has only three refineries under operation, the Alty–Aryk NPZ, Ferghana NPZ, and Bukhara NPZ Refinery. All three refineries in the country are in dire need of expansion and modernization.
  • The country is actively trying to ramp up its downstream oil and gas sector through a series of investments in modernization and expansion of its existing refineries.
  • Bukhara NPZ Refinery is undergoing modernization and reconstruction under a USD 600 million project launched in 2019. The plant, founded in 1997, will be technologically upgraded for the first time in 22 years. After completion of the work, the refinery will be able to annually process 2.5 million tonnes of oil and gas condensate, due to which production of 1.2 million tonnes of Euro-5 gasoline, 200 thousand tonnes of jet fuel, and 750 thousand tonnes of diesel fuel.
  • Owing to several major upcoming projects for capacity expansion and capacity addition, the refineries sector is expected to dominate the market owing to upcoming projects of expansion and construction of new refineries.

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Favorable Government Policies to Drive the Market

  • Favorable government policies are expected to be the main drivers of the country’s oil and gas downstream sector. In the past, Uzbekistan’s oil and gas downstream sector has been mainly dominated by National Oil Company JSC Uzbekneftegaz, which led to very little development in the sector.
  • Though the country’s refining witnessed an increase in recent years from 175 thousand barrels per day in the 1990s to 232 thousand barrels per day in the early 2000s till 2019, the country’s refining throughput decreased. The country’s refining throughput decreased from an average refinery throughput of 140 thousand barrels daily in the 1990’s to an average of 64 thousand barrels daily in the last decade.
  • To change this scenario, the country’s government has been actively working in terms of new and reformed government policies and regulations. In 2018 a comprehensive study of the oil and gas industry was commissioned by the government, with the backing of the Asian Development Bank.
  • The aftereffects of the study was a radical change in the country’s upstream oil and gas sector, which were implemented through the signing of PP-4388 Resolution. The new resolution was signed by the country's president on July 9, 2019, and is aimed at providing measures to improve the oil and gas sector.
  • The Resolution is expected to change the current outdated and non-transparent management system, which combines regulatory functions and commercial activities, hampers the development of the oil and gas industry.

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Competitive Landscape

The Uzbekistanoil and gas downstream market is consolidated. Some of the key players are JSC Uzbekneftegaz, PJSC Gazprom, and Total SA.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Refining Capacity and Forecast in million barrels per day, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Refineries

      1. 5.1.1 Market Overview

      2. 5.1.2 Key Project Information

    2. 5.2 Petrochemical Pants

      1. 5.2.1 Market Overview

      2. 5.2.2 Key Project Information

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 JSC Uzbekneftegaz

      2. 6.3.2 PJSC Gazprom

      3. 6.3.3 Total SA

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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