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Table 2
The share of foreign investments in the fuel and energy sector in their total volume in theBog'liq Сборник готовыйTable 2
The share of foreign investments in the fuel and energy sector in their total volume in the
Republic of Uzbekistan (%)
2014
2015
2016
2017
2018
2019
2020
2021
2022
Industry
56.6
30.4
33.7
42.5
45.9
46.2
67.7
68.0
87.7
including:
Branches of fuel and
energy complex
32.2
14.3
10.9
25.7
31.6
35.6
58.6
59.2
62.1
The share of the fuel and
energy complex in the
volume of foreign
investments in the industry
56.9
47.0
32.3
60.5
68.8
77.1
86.6
87.1
90.2
And this once again confirms our conclusion that the success of economic reforms in
Uzbekistan, stabilization and outstripping economic growth took place not only in the main areas of
economic reform, but also in key industrial technologies. Over the past decade, the fuel and energy
sectors have produced electricity, heat, oil (including gas condensate, gasoline, diesel fuel, fuel oil,
liquefied gas and coal) in the amounts shown in Table. 2. The table shows that the share of foreign
investments disbursed in the fuel and energy sector to their volume in industry increased over the
analyzed period by more than 1.5 times and in 2022 was already 90% against 57% in 2015.
Investments in the fuel and energy sector, created at the expense of all sources, were directed to a
greater extent into fixed capital and capital repairs. These trends persisted throughout the analyzed
period, but their proportion changed. For any industry, especially for the fuel and energy sector, as
the base for the country's economy, the direction of investment in fixed capital is of great importance.
As can be seen from the above data, the return on assets of fixed assets is declining both in the electric
power industry and in the fuel industry due to the outpacing growth in the cost of fixed production
assets. During the analyzed period, the cost of fixed assets in the fuel industry increased by more than
4 times, and the volume of production - by 2.6 times. In the electric power industry, with a 3.6-fold
increase in production, the cost of fixed production assets increased by 4.5 times. The impact of fuel
and energy industries on the development of other sectors of the economy can be illustrated by the
share of fuel and energy use in the total costs of enterprises.
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