Tashkent, Uzbekistan, August 5
By Demir Azizov- Trend:
As of 2013, the net profit of "Uzbekneftegaz" National Holding Company (NHC), the monopoly operator of Uzbekistan's oil and gas industry amounted to 62.1 billion soums compared to 18.9 billion soums in the previous year (an increase of 3.3 times) according to the balance sheet of the company.
The company's assets grew by 54.5 percent - to 5.864 trillion soums, including long-term assets by 22.2 percent - to 3.377 trillion soums, current assets by 2.4 times to 2.488 trillion soums, the report said.
As of 2013, the liabilities of "Uzbekneftegaz" NHC increased by 95.7 percent to 3.545 trillion soums, including long-term liabilities - by 57.2 percent to 1.89 trillion soums, current liabilities by 2.7 times - to 1,655 trillion soums.
As of 2013, the company's own funds increased by 16.8 percent last year and amounted to 2.318 trillion soums given the authorized capital in the amount of 997.641 billion soums, retained earnings - 102.011 billion soums, reserve capital - 177.262 billion soums and earmarked revenues - 1,042 trillion soums.
Uzbekneftegaz National Holding Company was established in 1998. The holding comprises six joint stock companies - Uzgeoburneftegaz JSC (controls the activity on exploration and drilling), "Uzneftegazdobycha" JSC (carries out development and production of hydrocarbons), Uznefteproduct JSC (brings together enterprises on supply of oil products), Uztransgaz JSC (controls the activity on the transportation and supply of gas), Uzneftegazstroyinvest JSC (project work and capital construction in oil and gas sector), Uzneftegazmash JSC (in the composition of the enterprise on oil and gas mechanical engineering).
The capacities of the Uzbekneftegas NHC allow to produce some 70 billion cubic meters of gas and eight million tons of liquid hydrocarbons per year.
The official exchange rate on August 5 is 2336.20 soum / $1.
Edited by CN