Baku, Azerbaijan, Aug. 28
Trend:
The government of Uzbekistan has issued a resolution "On measures for further efficient use of assets of oil and gas industry organizations".
The unused and non-core assets of oil and gas industry organizations will be sold to private owners at public auction, the document says.
The Uzbekneftegaz JSC company will sell 156 oil and gas facilities in various regions of Uzbekistan in accordance with the resolution.
Among them, there are, for example, a cattle breeding complex in the Kungrad district of Karakalpakstan, a fishery in the Ulugnar district of Andijan region, a sports complex in the Kagan district of Bukhara region, beekeeping farm in the Dustlik district of Jizzakh region and many others.
The "Uzbekneftegaz" JSC company has been instructed in conjunction with the State Committee for Assistance to Privatized Enterprises and Development of Competition to approve within ten days the schedule of evaluation and putting up for public auction of the facilities specified in the resolution of the Cabinet of Ministers for sale to private owners.
If the assets have been officially leased prior to the adoption of this resolution, the lessee shall have a preferential right to acquire them. The sale will be carried out by installments with a prepayment of at least 15 percent of the market value.
If these facilities are not sold within three months from the date of being put up for auction, they will be sold to business entities at market value by installments for the period of up to ten years.
In addition, a list of the facilities, transferred free-of-charge as a state property in trust of the local executive authority agencies for operative management, as well as handed over to ownership of other organizations for their further effective use. Among them, there are, in particular, a greenhouse in the Karshi district, a hotel in the Pap district, the “Neftchi” Cultural Centre in the city of Fergana and others.