Recent data from the Tax Service of Kyrgyzstan sheds light on the corruption schemes that have plunged "Kyrgyzneftegaz" into financial difficulties. While the state company struggled to pay salaries to its employees, intermediaries linked to the inner circle of the former head of the State National Security Committee, Kamchybek Tashiev, were actively operating around it.
Financial Losses: Billions in "Evaporation"
Experts from "Salyk Service" conducted an analysis of electronic invoices from 2021 to 2025 and found that the damage to the budget exceeded 4 billion soms. The reasons for this were not only technical issues but also manipulations with administrative resources.
The situation began to deteriorate when the extracted oil started to "disappear" at the accounting stage. Official reports indicated a loss of 29,000 tons of oil, while experts claim that the actual losses should amount to only a third of that figure. Thus, raw materials worth over half a billion soms were removed from the accounting.
However, most of the financial losses occurred through so-called "shell companies." Despite having its own processing plant, "Kyrgyz Petroleum Company," the management of "Kyrgyzneftegaz" decided to involve intermediaries. As a result, nearly a third of all extracted oil was sold to private companies, which then resold it to the state plant, making a profit of 3.1 billion soms legally.
Beneficiaries: Familiar Faces
During the investigation, companies, their leaders, and names that stand out were identified. Significant volumes of oil passed through structures linked to brothers Shaiyrbek and Kazybek Tashiev — relatives of the former head of the security service. Interestingly, the company "Region Oil," owned by the accountant of the "Ata-Jurt" party, not only purchased fuel oil from the state but also resold it back to the plant, creating an unnecessary link in the chain.
Particular attention should be paid to the company "Moka Group," founded by Tai-Muras Tashiev. The volumes of petroleum product purchases by this company are impressive, as it bought more fuel than the largest retail chains in the country. Meanwhile, the most profitable items, such as diesel and fuel oil, were primarily distributed among affiliated structures, while the less demanded AI-80 gasoline was sold to third-party traders.
Sad Outcome: Empty Cash Register
The system functioned smoothly during the management of Kamchybek Tashiev's nephew, Baigazy Matisakov. Today, the investigation is trying to determine how the director of the "daughter" company managed the resources of the parent company so freely.
The negative consequences of this "efficiency" became apparent after the change of leadership in the spring of 2026. The new director of "Kyrgyzneftegaz," Samsaaly Chetiimbaev, reported that the enterprise was on the brink of bankruptcy with empty accounts. Only a little over a million soms remained in the cash register, and salary debts required immediate resolution. While private companies profited from reselling state fuel oil, "Kyrgyzneftegaz" found itself in a critical financial situation. Currently, tax officials continue the investigation, examining every transaction in search of final conclusions about the multibillion losses.
