With the beginning of the winter period, the FOR increased the production of AI80 gasoline by more than 50%. If from January to November of the current year, the enterprise produced daily an average of 800 tons, then as of December 14, this figure was increased to 1,250 tons.
The growth in refining was made possible thanks to a targeted upgrade of the plant’s production capacities and investments attracted by the Saneg oil and gas company (which has owned the FOR since June 2022). In total, Saneg intends to double the rate of processing of raw materials during the year, from 1 million tons to 2 million, having directed more than $400 million to modernize the FOR.
In addition, the production of AI92 gasoline was also increased. At least 500 tons are put up for auction every day.
“Today, all the resources of the enterprise are aimed at providing the population with affordable fuel, in particular, gasoline. The recent abolition of the excise tax has significantly affected the market, and demand has increased markedly. However, we changed the production program before that, back in November, adjusting the workload of the enterprise, and realizing the proximity of the autumn-winter maximum period. In addition, the plant has reached a new level in terms of technological processes – today. Thanks to the use of modern technologies, we have determined the most efficient parameters of equipment operation when mixing raw materials. All finished gasoline is put up on the stock exchange to form a free market price,” Khabib Latipov, director of the enterprise, said.