Non-core assets of oil and gas companies to be transferred to entrepreneurs

Unused and non-core assets of oil and gas companies will be sold to private ownership. This was approved by the Cabinet of Ministers.

The resolution approved the list of unused and non-core assets, which includes 156 objects throughout the country.

The assets will be sold at public auction during three months. If the sale during this period will fail, the assets will be sold to entrepreneurs at market value with the possibility of installment payments for up to ten years with an advance payment of at least 15%.

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