Hyoung-Goo Kang
-
1 publications
-
3052 downloads
-
375 views
- 608 Views
-
0 books
-
Will Uzbekistan’s oil and gas industry benefit from international listing?
Kurkam Suvanova , Changmin Lee , Hyoung-Goo Kang doi: http://dx.doi.org/10.21511/ppm.14(2-2).2016.01Problems and Perspectives in Management Volume 14, 2016 Issue #2 (cont. 2) pp. 262-271
Views: 1012 Downloads: 3780 TO CITEUzbekistan’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