NavoiAzot has begun preparations for privatization and a financial recovery process, State Assets Management Agency Director Sokhibjon Murodov said at a press conference on October 8, Spot correspondent reports.
According to Murodov, NavoiAzot is one of the country’s major strategically important assets and a key driver of the chemical industry. Given the plant’s location and the surrounding infrastructure, plans are underway to establish a large chemical cluster.
The agency has started a financial recovery process at NavoiAzot. As part of the process, several non-core assets are expected to be removed from the company’s balance sheet to create a “clean asset”. The next stage of privatization preparations will be considered once this work is complete.
“We have now begun the financial recovery of NavoiAzot itself. After removing several non-core assets from the company’s balance sheet and turning it into a clean asset, we will consider the issue at the next stage. We have not reached that stage yet,” Murodov said.
In April 2025, the president signed a decree on the privatization of major state-owned enterprises on international markets. The list includes the state’s 75% stake in NavoiAzot, which is to be sold according to a separate schedule set by the State Commission for the Privatization of State Assets and Coordination of Privatization Processes.
In April, Murodov also briefed the president on preparations for the privatization of major assets, including UzAuto Motors and its subsidiaries, NavoiAzot and thermal power plants.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
