Hasan & Co intends to build one more oil refinery in Tajikistan. The plant is planned to produce gasoline, diesel fuel and heavy oil in order to provide domestic market with cheap petroleum products.
The company plans to build the oil refinery with annual capacity of 27,000 tons not far from Dushanbe, in the Roudaki district.
The bid of Hasan & Co for attracting foreign direct investment is posted on the website of the State Committee on Investment and State-owned Property Management (GosKomInvest).
The estimated budget of the project is 17 million U.S. dollars and Hasan & Co invests 7 million U.S. dollars in construction of this oil refinery.
The project is reportedly designed for one year and it is expected to be repaid in ten years.
Closed Joint-Stock Company (CJSC) Hasan & Co is engaged in processing oil produced at the Bishtinchak deposit in the Baljuvon district (Khatlon province). The Baljuvon oil refinery with annual capacity of 12,000 tons was constructed in 1995.
In 2013, Hasan & Co jointly with Iranian investors built an oil refinery with annual capacity of 85,000 tons in the Roudaki district.
In 2014, Hasan & Co and China’s Dongying Heli Investment Development Co., Ltd launched a joint venture TK-Oil and began constructing an oil refinery with capacity of 1.2 Mt/yr in the Danghara Free Economic Zone (FEZ) in the Khatlon province.
Although the construction of the oil refinery in FEZ Danghara has been completed over the past couple of years, the launch of the enterprise into operation has been postponed several times “due to some unresolved issues.”
