Petrocas Energy plans to implement around 100 fuel-related projects in Uzbekistan - board member

TASHKENT. June 18 (Interfax) - Petrocas Energy Group is planning to implement around 100 projects in the field of retail fuel trade in Uzbekistan, independent board member Robert Veksler said.

"Petrocas Energy Group plans to implement around 100 projects in the field of retail fuel trade in Uzbekistan and build gas stations across the whole country. Apart from that, areas where efficiency can be raised in the oil refining sector and aviation are also being discussed," Veksler said in an interview with Uzbek publication Dunyo.

He said that he expected the implementation of these projects to create at least 3,000 new jobs.

"At the same time, there are plans to attract around $100 million to U.S. technology companies [in Uzbekistan], bringing total investments up to around $350 million," the statement reads.

Veksler also said that U.S. companies were interested in Uzbekistan due to the "huge opportunities and rates of demographic growth" emerging in the country.

Established in 2010, Petrocas Energy Group is an international company engaged in the trade of petroleum products, retail trade and the distribution of aviation fuel, as well as petroleum product supply logistics in regions of the Black Sea, Southern Caucasus, Caspian Sea and Eastern Mediterranean.

Petrocas Energy Group owns a network of gas stations operating under the Gulf brand.