Tashkent, Uzbekistan (UzDaily.com) -- Petroleum Technology Group became the owner of Chinoz Neftni Kaita Ishlash Zavodi LLC (Chinoz Oil Refinery).

According to the Unified State Register of Enterprises and Organizations, Petroleum Technology Group now owns a 100% stake in the Chinaz Oil Refinery. Before this, the refinery was part of the structure of the state company Uzbekneftegaz.

In 2022, the State Asset Management Agency announced a tender among consulting firms to support the privatization of the Chinaz Oil Refinery. At the beginning of 2023, the process of privatization of the refinery was announced. It was planned to sell 100% of the stake in the refinery.

In May, the agency announced the extension of the deadline for accepting binding proposals for the privatization of the state share in the authorized capital of Chinaz Oil Refinery LLC.

At the moment, there is no official information about the deal itself or its value.

Petroleum Technology Group was incorporated on 4 October 2023 and specializes in business and management consultancy.

The founders of the company are Delta Global Dynamics (1%) and Daniyar Kamilov (99%). The latter also owns 100% of Delta Global Dynamics and is the son of Abdulaziz Kamilov, former Minister of Foreign Affairs and current Deputy Secretary of the Security Council under the President of Uzbekistan.

It is worth noting that last week it turned out that the Petroleum Technology Group company became the owner of the UNG Petro gas station network in Uzbekistan. UNG Petro has about 80 gas stations.

In 2021, Daniyar Kamilov’s company acquired the former State Security Service building.

The Chinaz Oil Refinery, commissioned in August 2016, specializes in oil processing to produce gasoline, kerosene, diesel fuel, fuel oil and lubricating oils. Possessing modern technological equipment, the enterprise is capable of processing up to 117 thousand tons of hydrocarbon raw materials annually. The authorized capital of the enterprise is 102 billion soums.