Large oil refinery expected to be introduced into operation in Danghara next month
DUSHANBE, August 8, 2016, Asia-Plus – A large oil refinery is expected to be introduced into operation in Khatlon’s Danghara district in September this year.
China’s Dong Ying Heli Investment and Development Co. Ltd has been constructing the oil refinery in the Danghara Free Economic Zone (FEZ Danghara).
The investor has reportedly purchased German, Italian, and Chinese equipment worth 25 million U.S. dollars for the Danghara oil refinery.
We will recall that Tajikistan and Dong Ying Heli Investment and Development Co. Ltd signed an investment agreement on the construction of an oil refinery in FEZ Danghara in April 2014 and Tajikistan”s lower chamber (Majlisi Namoyandagon) of parliament ratified the agreement in October 2014.
The State Committee on Investment and State-owned Property Management of Tajikistan said that time the Chinese company will construct the refinery producing the Euro-3 standard gasoline and diesel fuel.
The project reportedly consists of two stages. In the first stage, worth over US$160 million, the refinery’s capacity will be 500 thousand tons of crude oil per year and in the second stage, worth over US$300 million, it will reach 1.2 million tons.
The Chinese company already signed contracts with partners in Afghanistan, Kazakhstan and Russia on the delivery of crude oil to the Danghara oil refinery.
Currently, there are four free economic zones in Tajikistan — Sughd, Panj, Danghara, and Ishkashim, which provide preferential terms for economic, financial, trade, information, and other activities for investors. The FEZs offer incentives to investors, including preferences on taxation and customs procedures.
