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O’ztashqineftgaz will be privatized through negotiated auction

The package consists of 102 thousand ordinary registered uncertified shares at 13943.98 soums per share.

100% of Neftegazmineral LLC and Neftgazdepozit LLC, 50% in Uz Mal Oil and 25% in JSC Nefttaminot were also put up for sale. All of them are from among 72 companies, shares in which will be gradually sold to the private sector.

The sale of state shares is envisaged by the privatization program, which provides for the liquidation of 711 inefficient enterprises, the reorganization of 262 enterprises and the transfer of more than 500 markets to the private sector.

As for the oil and gas industry, the first stage of the transformation of the oil and gas industry was completed in autumn. 

Now “Uzbekneftegaz” will be engaged in the extraction and production of oil and gas.

Uztransgaz was removed from Uzbekneftegaz and appointed as a single operator for the sale, transportation and purchase of natural gas.