Oil in Uzbekistan

Oil Production3million tonnes per year

Oil Recoverable Reserves81.4million tonnes

Although an oil producer for more than a century, large-scale developments in the country mostly date from after 1950. The current assessment published by Oil & Gas Journal (matched by other publications) shows proved reserves as 594 million barrels, a level unchanged since 1996. Oil fields discovered so far are located in the southwest of the country (Amu-Darya Basin) and in the Tadzhik-Fergana Basin in the east.

Since the late 1990s total oil output has followed a downward trend, falling by 80 000 b/d, or 42%, in the space of ten years. All of Uzbekistan’s production of crude and condensate is processed in domestic refineries or used directly as feedstock for petrochemicals.

As mentioned above The Oil and Gas Journal  (OGJ) estimates that Uzbekistan had 594 million barrels of proven oil reserves in 2012, 171 discovered oil and natural gas fields, 51 of which produce oil and 17 of which produce gas condensates. Uzbekistan’s petroleum production consists of roughly 60 percent high-sulfur crude and 40 percent condensates from natural gas fields. Existing oil and gas fields are depleting faster than new discoveries are coming online, spurring the need for further investment.

Because of ageing infrastructure and a dearth of foreign investment and capital, production rapidly declined after 2003. During 2010, Uzbekistan produced 59,000 barrels of oil per day (bbl/d), a 60-percent decline from 2000 levels.

Uzbekistan will remain a net oil importer as long as production declines. Oil demand exceeds supply by nearly two-fold. Domestic oil consumption reached an estimated 139,000 bbl/d in 2010 and has remained relatively constant since the mid-1990s, averaging 150,000 bbl/d. However, the country’s goal is to lower oil import dependence and increase exports.

Note

Oil data represents Crude Oil only, for extra-heavy oil and oil shale please refer to the WER 2013 report oil chapter.