Uzbekistan

Final Stages of Petrochemical Project in Bukhara Region

Uzbek-Iranian Enterprise in Bukhara Region Plans to Produce $240 Million Worth of Products Annually

A joint Uzbek-Iranian venture, Petrochem Sepehr, is currently in the process of constructing a petrochemical cluster in the Bukhara region. Representatives from the Chamber of Commerce and Industry recently visited the site to review the progress of the project, as reported in a press release from the department.

The project, estimated to cost $274 million, aims to implement over 10 projects and provide employment for approximately 600 individuals. Once operational, the facility will produce a variety of products including pentane, hexane, benzene, toluene, dimethyl carbonate, ammonium bicarbonate, caustic soda, potassium sulfate, and more. The total annual production value is expected to reach $240 million, with $82 million of that designated for export.

This initiative is set to replace $123 million worth of imported goods and is forecasted to contribute 214 billion sums to the budget annually. The plant is scheduled to be operational by September, with the goal of significantly boosting the local economy.

During a visit to the Bukhara region at the end of May, the project was presented to Uzbekistan’s President Shavkat Mirziyoyev. It was announced that the complex, with a capacity of 460,000 tons, is on track to launch within the next two months, by the end of July or early August.

This new enterprise signifies a major step towards enhancing economic growth and industrial development in Uzbekistan, showcasing the country’s commitment to fostering international partnerships and driving innovation in the region.

 

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