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Uzbekistan: Uzbekneftegaz Corporate Transformation

Sovereign (Public) Project | 52182-001 Status: Active

The President of the Republic of Uzbekistan on 9 July 2019 signed resolution PP-4388 which establishes a framework to implement the _Concept for the development of the oil and gas industry of the Republic of Uzbekistan until 2030_. Resolution PP-4388 prescribes that Uzbekneftegas, Uzbekistan's vertically integrated oil and gas company and largest SOE shall unbundle and thus separate production, transmission and distribution of gas. While production shall stay in the hands of Uzbekneftegaz, Uztransgaz shall be responsible for transmission and Khududgaztaminot JSC shall be responsible for the distribution network. Unbundling has now been accomplished and as part of this TA, ADB developed a Corporate Transformation Plan for UNG.

Project Details

Project Officer
Abado, Sarin Central and West Asia Department Request for information
Country
  • Uzbekistan
Sector
  • Energy
 
Project Name Uzbekneftegaz Corporate Transformation
Project Number 52182-001
Country Uzbekistan
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9565-UZB: Uzbekneftegaz Corporate Transformation
Technical Assistance Special Fund US$ 225,000.00
TA 9565-UZB: Uzbekneftegaz Corporate Transformation (Supplementary)
Regional Cooperation and Integration Fund US$ 700,000.00
TA 9565-UZB: Uzbekneftegaz Corporate Transformation
Technical Assistance Special Fund US$ 300,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Energy / Conventional energy generation - Energy sector development and institutional reform

Gender Equity and Mainstreaming No gender elements
Description

The President of the Republic of Uzbekistan on 9 July 2019 signed resolution PP-4388 which establishes a framework to implement the _Concept for the development of the oil and gas industry of the Republic of Uzbekistan until 2030_. Resolution PP-4388 prescribes that Uzbekneftegas, Uzbekistan's vertically integrated oil and gas company and largest SOE shall unbundle and thus separate production, transmission and distribution of gas. While production shall stay in the hands of Uzbekneftegaz, Uztransgaz shall be responsible for transmission and Khududgaztaminot JSC shall be responsible for the distribution network. Unbundling has now been accomplished and as part of this TA, ADB developed a Corporate Transformation Plan for UNG.

Besides the already accomplished Corporate Transformation Plan for UNG, the project also assists the government and UNG in developing a comprehensive Gas Development Master Plan which will assess the gas resource potential in Uzbekistan, infrastructure development needs, as well as export and transit capacities in an effort to ensure adequate and financially sustainable supply of commercial gas in Uzbekistan and beyond.

With a view to accomplish the gas development master plan, ADB increased the TA amount by $700,000 to further support and advance energy market development and reform.

Project Rationale and Linkage to Country/Regional Strategy The corporate transformation of Uzbekneftegaz and development of a gas master plan is a vital element in supporting the government's efforts in implementing comprehensive energy sector reforms and regional energy security. The results of the project are expected to contribute to more effective strategic planning and financial health in the energy sector.
Impact Financial sustainability and energy sector performance achieved
Project Outcome
Description of Outcome Uzbekneftegaz corporate planning improved
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Uzbekneftegaz corporate transformation plan prepared

Uzbekneftegaz IFRS compliant accounting procedures prepared

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The consultant's scope of work includes three separate tasks under this assignment: (i) preparation of corporate transformation plan; and (ii) creation of IFRS compliant financial and accounting, namely financial due diligence and perform credit risk rating and iii) development of a gas masterplan. These tasks will be performed by separate consulting firms and/or individual consultants.
Responsible ADB Officer Abado, Sarin
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Energy Division, CWRD
Timetable
Concept Clearance -
Fact Finding 31 May 2018 to 31 May 2018
MRM -
Approval 14 Aug 2018
Last Review Mission -
Last PDS Update 23 Aug 2018

TA 9565-UZB

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Aug 2018 - 14 Aug 2018 15 Sep 2019 31 Dec 2021 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,225,000.00 0.00 0.00 0.00 0.00 0.00 1,225,000.00 14 Aug 2018 386,998.91

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

Tender Title Type Status Posting Date Deadline
Senior Advisor on Gas Reform - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 16 Jan 2021 22 Jan 2021
Gas Market Liberalization and Regulation Expert - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 16 Jan 2021 22 Jan 2021
Social Development and Consumer Protection Expert - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 16 Jan 2021 22 Jan 2021
Corporate Governance Specialist - Energy Sector - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 16 Jan 2021 22 Jan 2021
Gas Development Master Plan - Uzbekneftegaz Corporate Transformation Firm - Consulting Closed 21 Jun 2019 05 Jul 2019
ERP Expert - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 22 Feb 2019 28 Feb 2019
Corporate Finance Expert (International) - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 10 Jan 2019 16 Jan 2019
IFRS Expert (International) - Uzbekneftegaz Corporate Transformation Individual - Consulting Closed 11 Oct 2018 17 Oct 2018
IFRS Expert (National- 1) - Uzbekneftegas Corporate Transformation Individual - Consulting Closed 18 Aug 2018 24 Aug 2018
IFRS Expert (National -2) - Uzbekneftegas Corporate Transformation Individual - Consulting Closed 18 Aug 2018 24 Aug 2018
IFRS Expert (International) - Uzbekneftegas Corporate Transformation Individual - Consulting Closed 15 Aug 2018 24 Aug 2018
Corporate Governance Expert - Uzbekneftegas Corporate Transformation Individual - Consulting Closed 12 Aug 2018 21 Aug 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.