U.S.-based Gulf Oil is set to launch an extensive network of gas stations in Uzbekistan, with plans to invest significantly in the country’s aviation sector as well. UzDaily says the announcement was made on February 18 in Washington by Gulf Vice President Craig Kramer, following a meeting between Uzbek President Shavkat Mirziyoyev and representatives from U.S. businesses and financial institutions.
Over the next two years, Gulf Oil reportedly aims to open at least 100 modern gas stations across Uzbekistan, all built to Western specifications and equipped with high-quality fuel. Kramer emphasized that the company will invest at least $150 million in the project, which will include retail assets fully secured by financing. Each gas station will feature state-of-the-art facilities and distinctive designs.
In addition to the gas stations, Gulf plans to develop multifunctional transport centers along key highways. These centers will cater to both tourists and transit carriers, with each creating a minimum of 30 jobs. Overall, the initiative is expected to generate over 3,000 new jobs for Uzbek citizens.
Kramer also noted the strong interest from regional authorities in partnering with Gulf, pointing out that governors from across Uzbekistan have submitted proposals for nearly 200 gas stations nationwide. "This clearly demonstrates an open business climate and a high level of investor confidence," he said, according to Uzbekistan 24.
Beyond retail, Gulf is also planning to expand its presence in Uzbekistan's aviation sector. Through its Gulf Aviation division, the company intends to invest around $50 million to modernize aviation infrastructure. This funding will support the development of cutting-edge technologies and ensure a reliable fuel supply for Uzbekistan’s growing aviation industry, including both domestic and international flights.
Gulf Oil’s operational base for Central Asia will be based in Tashkent, further solidifying Uzbekistan’s position as a key logistics and retail hub in the region. The company’s investments are seen as a significant step in bolstering Uzbekistan’s role in the Central Asian economy.
