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Uzbek company completes 2011 with loss

Business Materials 25 May 2012 19:59 (UTC +04:00)

Uzbekistan, Tashkent, May 25 / Trend D. Azizov /

"Uznefteprodukt" company, a structural unit of the National Holding Company "Uzbekneftegaz", completed 2011 with net loss worth 379,443 billion soums compared to net profit worth 257.8 billion sums as of 2010, the annual balance sheet said today.

Net proceeds as of 2011 increased by 12.3 percent - up 4.497 trillion soums, the cost of production amounted to 4.14 trillion soums (increased by 14.7 per cent).

According to the report, the company's assets as of 2011 increased by 1.64 times - up to 3.842 trillion soums, including current assets amounted to 2.938 trillion soums, long-term - 903.632 billion soums.

"Uznefteprodukt" consists of two oil refineries - Ferghana and Bukhara, 23 oil depots and 43 branches of tank farms, 97 petrol stations and three gas filling stations.

It was previously reported that in 2011, oil production in Uzbekistan decreased by 5.8 percent up to 1.889 million tons, gas condensate - 9.8 percent up to 1.696 million tons, natural gas production decreased by 4.4 percent up to 63.04 billion cubic meters compared to 2010.

Petrol production reduced by 6.6 percent - up to 1.308 million tons, kerosene - by 11.2 percent to 331,300 tons, diesel fuel - by 6.5 percent up to 1.052 million tons, fuel oil - 13.8 percent to 276,600 tons, liquefied hydrocarbon gas - by 1.3 percent, to 258,500 tons, bitumen - by 16.9 percent to 164,600 tons compared to 2010.

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