Economy

Uzbekneftegaz discusses gasoline and diesel purchases in China with CNPC

Illustration: Tezkun / AI. Not a photograph of the event.

Uzbekneftegaz is in talks with China's CNPC and its subsidiary PetroChina over supplies of gasoline and diesel fuel, Farid Muminov, deputy chairman of the board of the state-owned company, said at a press conference on October 27.

According to Muminov, the parties are considering the import of gasoline with an octane rating of 92 and above, as well as diesel fuel. In addition, the sides are discussing an increase in supplies of crude oil and gas condensate for refining at the Bukhara Oil Refinery. The volumes, the deputy chairman explained, will be determined by domestic demand. The aim of the talks is to diversify imports and reduce the risk of fuel supply disruptions (Kursiv dates the press conference to October 30).

On October 20, Uzbekneftegaz Chairman of the Board Abdugani Sanginov received a CNPC delegation led by its president Zhou Xinhuai. They discussed the potential for long-term supplies of petroleum products, accelerating joint projects, and the possible opening of a permanent CNPC representative office in Tashkent. According to the state company, total cooperation with CNPC, including import contracts, oilfield services, and joint ventures, has exceeded $1 billion.

The talks come against the backdrop of rising diesel prices: according to Statistikalar.uz, diesel fuel in Tashkent has surged by 42.3% since the beginning of 2026. As of October 26, a liter at gas stations in the capital cost between 15,000 and 21,000 soums (15 to 21 thousand soums). Russia remains the primary supplier: between October 2025 and September 2026, its share in imports of light oil products and gasoline reached 75% (according to Orion Markets estimates).

Earlier, Uzbekneftegaz reported that gasoline reserves at petroleum depots were 2.5 times higher than last year's levels. In January–September 2026, the company produced 773,500 tons of gasoline.

What it means

According to Muminov, delivery volumes from China will depend on domestic market demand; negotiations are ongoing. Diesel fuel in Tashkent has risen in price by 42.3% since the start of 2026 (data from Statistikalar.uz).

Published 1 November 2026, 11:02 · No updates · Russian original

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