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SAMA

News about SAMA: events, facts and developments on tafs uz.

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Head of Uzbekistan's State Assets Agency explained how buyers of privatized assets are screened for conflicts of interest

Head of the Agency for Management of State Assets Sokhibzhon Murodov said that during the privatization of large enterprises, screening of buyers for conflicts of interest is carried out by international consultants, mostly from the 'Big Four'. He also described automatic checks of participants in electronic auctions and requirements for disclosure of beneficial owners. A number of questions, including the criteria for identifying ties with officials, remained unanswered.

3 min read

Saneg's licenses for oil fields in Uzbekistan revoked due to failure to meet conditions — head of the State Assets Management Agency

Director of the State Assets Management Agency (SAMA) Sohibjon Murodov said on October 8 that Saneg's licenses for the use of oil fields have been revoked because the fields were not put into operation and the license conditions were not met. He did not specify the number of revoked licenses. The transfer of more than 100 fields to the company in 2019 is linked to the criminal case against the former head of Uzbekneftegaz, Bakhodirzhon Sidikov, who rejects the charges.

3 min read