Uz-Ecoprotect will collect, store and transport used oils. The venture is founded by Uznefteprodukt (49%) and Prista Recycling (51%, Bulgaria). The charter capital of the venture is US$1 million.

Uz-Prista Recycling is created on the basis of unused premises of Rezinotekhnika and it will specialize on processing used oil. The charter capital of the company is US$15 million. Uznefteprodukt will hold 49% stake in the venture and Prista Recycling – 51%.

The enterprises are created within execution of presidential resolution “On measures on organization of motor oil production” from 22 May 2012.

New enterprises will be part of system on utilization and processing of used technical motor oil, which will improve environment and help to boost economy.

The enterprises will create oil collecting points across Uzbekistan. They will collect and store used oil, which will be later transported for processing. Uz-Prista Recycling will process used oil and produce motor oil.

Uzbekistan will become the first Central Asian country, which organizes system on collecting and processing used motor oil.