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Uzbekistan intends to introduce market mechanisms in oil and gas sector

Uzbekistan Materials 14 April 2022 15:24 (UTC +04:00)
Natavan Rzayeva
Natavan Rzayeva
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BAKU, Azerbaijan, April 14. The Development Strategy of New Uzbekistan for 2022-2026 provides for the introduction of market mechanisms with guarantees of social protection in gas supply by accelerating transformational processes in the oil and gas sector, the spokeswoman of the Uzbek Ministry of Energy Elmira Bekmurodova told Trend.

“According to the state program for 2022, a draft resolution of the president on reforming the gas supply system and the gradual formation of a competitive market will be prepared,” Bekmurodova said.

The spokeswoman noted that according to the decree, Uzbek Uztransgaz JSC will be transformed into a company that only transports gas.

Bekmurodova also said that the decree involves the harmonization of the organizational and legal structure of Uzbekneftegaz JSC with the standards of the world's leading oil and gas companies, including the introduction of cooperation and outsourcing services at state-owned enterprises.

“By October of this year, the main requirements for attracting private operators to the activities of Khududgaztaminot JSC will be established. These requirements will apply, in particular, to systems for supplying the population with liquefied gas and consumers of natural gas,” she said.

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