Uzbekneftegaz to cut 12,000 jobs
04/07/2017 12:03
Uzbekneftegaz to cut 12,000 jobs
04/07/2017 12:03
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan signed a resolution “On measures to improve the management system of the oil and gas industry” on 30 June 2017.
Uzbek leader approved reorganization of Uzbekneftegaz, Uzneftegazdobycha, Uztransgaz, Uznefteproduct, and Uzneftegazmash into joint-stock companies.
In line with the decision, Uzgeoburneftegaz was renamed into joint-stock company Uzburneftegaz.
President with his resolution created Uzneftegazgeologiya. The new company will perform geological exploration work with the involvement of service organizations and ensure the growth of hydrocarbon reserves and open new deposits.
Head of Uzbekistan instructed to liquidate Uzneftegazstroyinvest in accordance with the established procedures.
Uzgazinjiniring LLC was renamed into Neftegazstroy with the assignment of functions to coordinate the activities of construction and assembly organizations Uzbekneftegaz and its joint-stock companies.
The resolution also ordered to create Neftgazexport in the structure of Uzbekneftegaz. The enterprise will specialize in export of products, produced by the companies of Uzbekneftegaz.
Uzbek leader instructed to reorganize other organizations via mergers. At the same time, some organizations will be withdrawn from the structures of JSC Uzbekneftegaz and its joint-stock companies.
On the basis of 6 interregional unitary enterprises of Uztransgaz, it is planned to create 14 territorial branches of gas supply and on the basis of 23 unitary enterprises of Uznefteprodukt, it is planned to organize 15 regional organizations to realize petroleum products.
President of Uzbekistan defined the main tasks and directions of activities of Uzbekneftegaz.
Uzbekneftegaz will conduct a unified technical policy in the field of geological exploration for oil and gas, extraction and processing of liquid hydrocarbons, increase the industrial potential of the oil and gas industry through development of modern and successfully approved international technologies, and further increase the competitiveness of manufactured products.
The company will also develop targeted scientific, technical, economic and social programs for development of the gas, oil, gas and oil refining industries.
Among the company’s tasks is to implement a set of measures to search for, explore, ensure the growth of reserves, production, production and sales of oil, gas, gas condensate and refined products.
The enterprise will also attract foreign direct investments and take measures to deepen the level of localization of production, etc.
Uzbek leader instructed Uzneftegazdobycha to efficiently organize development of oil and gas fields, extraction of natural gas, oil and gas condensate, as well as their in-depth processing.
Uztransgaz will provide consumers of Uzbekistan with natural and liquefied gas by improving the system of transport trunk gas pipelines and gas distribution networks.
Uznefteproduct is entrusted to organize processing of hydrocarbon raw materials the production of petroleum products.
Uzburneftegaz will work on drilling and construction of prospecting and exploration wells for oil and gas. Uzneftegazmash is entrusted to organize work on the production of oil and gas and chemical equipment.
The document said that Uzbekneftegaz and its companies will cut 12,000 jobs in the result of reorganization of the industry. President entrusted ministries and departments to help with employment to those, who laid off.
Shavkat Mirziyoyev granted tax privileges and preferences to Uzbekneftegaz and the company’s organizations.
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