BAKU, Azerbaijan, July 29. Uzbekneftegaz JSC is going to produce a new type of industrial oil in Uzbekistan, which is used to flush large compressors, Trend reports with reference to the company's press service.
According to the company, the initial cost of the project is $38.9 million, and the customer of this project is Uz-Kor Gas Chemical LLC.
"Through deep processing of 80,000 tons of pyrolysis distillate produced by Uz-Kor Gas Chemical LLC a total of 15,900 tons of import-substituting products will be produced per year," the company said.
In addition, Uzbekneftegaz will export 50 percent of its produced industrial oil to the neighboring countries, which will allow earning about $6.5 million per year
Remarkably, Uzbekistan will be the first in Central Asia, who will manufacture this kind of industrial oil.