The Coordination office for transformation has been assigned the following key tasks: enhance operation performance of Uzbekneftegaz, introduce recommendations of the Asian Development Bank and other international consultants in the field of reformation of the company’s activity and business model, implement modern methods of corporate management, distribute authorities of governing bodies, put in place accounting and financial reporting in accordance with IFRS, establish transparent and uniform personnel policy and international personnel management procedures, improve the company's business processes in order to achieve their efficiency, investment attractiveness and transparency, identify concepts of development and phased introduction of alternative energy sources, as well as develop the company's brand management.
Uzbekneftegaz has put forward an ambitious task of building a new generation company that will require intensive corporate and technological development.
Uzbekneftegaz will actively pursue its efforts in searching for and introduction of new technologies to increase production at old fields, involve hard-to-recover reserves, develop opportunities in exploration and production of hydrocarbons, as well as continue to monetize hydrocarbons into readily marketable products with high added value, turning energy of resources into energy for prosperity for the benefit of Uzbekistan population and economy.
