Why is this important
The state of oil depots directly affects the stability of the fuel market, the financial indicators of the industry, and tax revenues. The accumulation of debts and inefficient management of infrastructure create systemic risks for the entire oil supply chain. The declaration of a state of emergency indicates the recognition of large-scale management and financial problems at the state-owned company level.
What happened
- Uzbekneftegaz has declared a state of emergency for the rehabilitation of oil depots.
- The Chairman of the Management Board of the company, Abdugani Sanginov, held a meeting with the heads and responsible employees of the oil depots, where the results of work for 2025 and the identified problems and tasks for 2026 were discussed.
- The Chairman of the Management Board of the company, Abdugani Sanginov, held a meeting with the heads and responsible employees of the oil depots, where the results of work for 2025 and the identified problems and tasks for 2026 were discussed.
Numbers and facts
- According to the results of 2025, consumer debt to oil depots reached 322.5 billion soums, of which 75% is accounted for by agricultural companies.
- The debt of agricultural enterprises amounted to 243.2 billion soums, with 158 billion soums, or 65% of this amount, recognized as hopeless.
- Oil depots’ debt to the Bukhara Oil Refinery increased significantly during 2025.
- Based on the results of internal inspections, the heads of five oil depots – Termez, Jizzakh, Marokand, Kuchlik, and Turakurgan – were dismissed for serious violations.
Context
- The actual provision of petroleum products without prepayment and the lack of debt collection have led to an increase in hopeless accounts receivable.
- Inefficient use of tanks and idle facilities increases costs and reduces the profitability of oil depots.
- Personnel changes and digitalization decisions indicate an attempt to move from point-based measures to systematic risk management.
