Will Uzbekistan's oil and gas industry benefit from international listing?

Kurkam Suvanova, Changmin Lee, Hyoung Goo Kang

Research output: Contribution to journalArticlepeer-review

Abstract

Uzbekistan's oil and gas industry is experiencing declining production due to the depletion of existing oil and gas fields and aging production infrastructure. A multi-level organizational structure at Uzbekneftegaz is another reason for low efficiency of the industry, which causes the problems of increased bureaucracy, increased tax burden and inefficient allocation of resources. Partial privatization of Uzbekneftegaz can be an efficient tool in attracting alternative financing without putting the burden on the state budget and not ceding government control. Being listed on the international market, Uzbekneftegaz will have to follow internationally accepted corporate governance standards. This will have a positive impact on the efficiency and productivity of the industry.

Original languageEnglish
Pages (from-to)262-271 and 258
JournalProblems and Perspectives in Management
Volume14
Issue number2
DOIs
StatePublished - 2016

Keywords

  • Initial public offering
  • Oil and gas
  • Uzbekistan
  • Uzbekneftegaz

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