The Uzbekistan oil and gas downstream market size was valued at USD XX Billion in 2022 and is to reach USD XX Billion by 2031, expanding at CAGR XX% during the forecast period, 2023–2031. The growth of the market is attributed to the favorable government policies, initiatives to boost the downstream industry, and planned projects.
Uzbekistan is a significant natural gas exporter; the US State department estimates that Uzbekistan exported 15.2 billion cubic meters of natural gas in 2009, and that Uzbekistan represented around 2% of total global natural gas output at the end of 2009.
Natural gas exports, according to the US State Department, are currently the country's primary source of foreign currency profits. The gas pipeline system is extensively developed, with around 13,000 kilometers in use. Gas is exported to Russia and Europe via the BukharaUrals and Asia Centre trunk lines, and gas exports eastwards will begin once the Central Asia-China gas pipeline is completed.
Upstream, midstream, and downstream are the three key segments of the oil and gas business. The downstream industry includes the refining of petroleum crude oil, processing and purification of raw natural gas, as well as marketing and distribution of crude oil and natural gas-derived goods.
Gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG), as well as hundreds of petrochemicals, are products of the downstream industry.
The downstream industry is important in a variety of sectors and businesses. It has a significant impact on a variety of medical items and equipment. Downstream is important in the agricultural industry since it is utilized in pesticides, fertilizers, and fuels for farm equipment.
Uzbekistan Oil and Gas Downstream Market Trends, Drivers, Restraints, and Opportunities
- Factors such as favorable government policies, initiatives to boost the downstream industry, and planned projects are estimated to boost the market in the coming years.
- Rapid growth of the oil and gas industry is main factor fueling the market during the forecast period.
- Shortage of funding owing to a worldwide economic recession in the case of a COVID-19 outbreak is expected to hamper the market growth.
- High cost of instruments and lack of skilled professionals act as major factor that can hinder the market expansion during the forecast period.
- Favorable policies for private sector investment are estimated to create significant opportunities for the market players.
Scope of Uzbekistan Oil and Gas Downstream Market Report
The report on the Uzbekistan oil and gas downstream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Oil and Gas Downstream Market - Uzbekistan Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Process Type (Refineries and Petrochemical)
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Geographical Scope
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Uzbekistan
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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TotalEnergies SE, JSC Uzbekneftegaz, and PJSC Gazprom.
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Uzbekistan Oil and Gas Downstream Market Segment Insights
Process Type Segment Analysis
In terms of process type, the Uzbekistan oil and gas downstream market is divided into refineries and petrochemical. The refineries segment is expected to represent a key share of the market during the forecast period. In recent years, the refineries sector has dominated the Uzbek oil and gas downstream industry, and this trend is projected to continue during the forecast period.
The Alty–Aryk NPZ, Ferghana NPZ, and Bukhara NPZ Refinery are the only refineries in operation in the nation. The country's three refineries are in desperate need of expansion and modernization. The government is attempting to expand its downstream oil and gas sector through a series of investments in refinery modernization and growth.
The Bukhara NPZ refinery is being modernized and rebuilt as part of a USD 600 million project that began in 2019. For the first time in 22 years, the factory, which opened in 1997, is to be technologically modernized. The refineries sector is likely to dominate the market due to several future projects for capacity expansion, as well as forthcoming projects for development and building of new refineries.
Segments
The Uzbekistan oil and gas downstream market has been segmented on the basis of
Process Type
Key Players
Competitive Landscape
Key players competing in the Uzbekistan oil and gas downstream market include TotalEnergies SE, JSC Uzbekneftegaz, and PJSC Gazprom. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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