DUSHANBE, October 9, 2014, Asia-Plus — The Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) today ratified an investment agreement between the Government of Tajikistan and Heli Investment and Development Co Ltd (China) on construction of an oil refinery in the Danghara Free Economic Zone (FEZ Danghara).
Speaking at the session, the first deputy head of the State Committee on Investment and State-owned Property Management (GosKomInvest), Lochin Fayzullozoda, noted at the first stage, the enterprise’s refining capacity would be 500 tons per year and 200 new jobs would be created. During the second stage, the enterprise’s refining capacity will be increased to 1.2 million tons and the number of working places will be brought to 500, Fayzullozoda said.
According to him, they have already signed agreements with Russia, Kazakhstan and Afghanistan on delivery of crude oil to the Danghara oil refinery. “The enterprise will produce the Euro-3 standard gasoline and diesel fuel,” the GosKomInvest deputy head noted.
The estimated budget for the first stage of the project is more than 60 million USD and the cost of the second stage of the project is some 400 million USD.
We will recall that Tajik President Emomali Rahmon and China’s Ambassador to Tajikistan Fan Xianrong attended a groundbreaking ceremony for construction of Tajik-Chinese joint oil refinery on March 23 and an agreement on construction of the oil refinery in the Danghara Free Economic Zone (FEZ) was signed in Dushanbe on April 2.
