US company Gulf Oil has surveyed major highways in all regions of Uzbekistan and is now assessing the economic feasibility of developing a network of petrol stations along them. Uzbekneftegaz Deputy Chairman for Processing Abrorjon Khudoyberganov said this at a press conference on October 27, Spot reports.
According to Khudoyberganov, potential locations for petrol stations have been identified and the necessary documents collected as part of the cooperation. Gulf Oil is currently evaluating the project’s economic viability, taking into account traffic volumes, the number of existing petrol stations and electric vehicles, as well as fuel demand in different regions.
“Only after they reach a final decision will a decision be made on moving to the next stage,” the Uzbekneftegaz representative said.
He added that the terms of Uzbekneftegaz’s potential equity participation in the project have not yet been determined, and no decision has been made.
Gulf Oil
In October 2025, Uzbekneftegaz and Gulf Oil signed a $100 million memorandum of understanding to establish a network of up to 100 petrol stations across the country.
In February 2026, Gulf Vice President Craig Kramer announced plans to open at least 100 petrol stations with convenience stores within two years. He also said the company had received proposals from local administrations to acquire around 200 existing petrol stations across the country.
According to information previously published by the Ministry of Energy, the project was expected to be financed by a foreign investor. Fuel was to be purchased through the commodity exchange under standard terms or imported, with no direct supplies from Uzbekneftegaz or special privileges.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
