During the analysis of invoices and company reports for the period from 2021 to 2025, three main schemes were identified through which profits from state oil were funneled into private hands connected to relatives and close associates of the former head of the State National Security Committee, Kamchybek Tashiev.
Scheme 1. Overstatement of oil production losses
For five years, "Kyrgyzneftegaz" extracted about 879 thousand tons of oil, of which 29 thousand tons were written off as production losses. However, experts claim that actual losses should not exceed 1% of the total volume, which is about 9 thousand tons. Thus, 20 thousand tons of oil were improperly removed from accounting, equivalent to approximately 560 million soms at the average price.
Scheme 2. Abuse of intermediaries during processing
The next stage involved hidden losses that only paved the way for a larger fraudulent scheme. About 30% of all extracted oil, which amounts to 262 thousand tons, was sold to private companies, while the state owns its own oil refinery, "Kyrgyz Petroleum Company". Instead of direct deliveries to the plant, the oil was first sold to intermediaries, who then resold it back to the same plant under their name, resulting in a loss of more than three billion soms for the state enterprise.
Scheme 3. Selective distribution of finished products
The third stage involved selective sales of finished oil products. After processing, the oil is divided into various products, among which diesel and fuel oil are the most in demand. These products were sold to a limited number of private companies and then resold to other clients, including foreign traders. In some cases, the fuel oil was returned to the same plant.
Thus, the most profitable goods ended up with intermediaries, while the state enterprise lost significant funds.
For example, the company "Region Oil" purchased fuel oil worth nearly 466 million soms over several years. There were also instances where diesel was purchased from the plant by a business owned by Tai-Muras Tashiev, who then sold it to municipal enterprises in the Jalal-Abad region. Unsold AI-80 gasoline and naphtha did not attract the interest of Tashiev's relatives, so these products were sold to major oil traders in the country, such as LLC "Alpha Oil" and "Partner Oil".
These schemes operated during the leadership of Baigazy Matisakov, the nephew of Kamchybek Tashiev. Currently, it is being clarified how the director of the subsidiary gained access to the distribution of extracted raw materials at JSC "Kyrgyzneftegaz".
The new leadership of JSC "Kyrgyzneftegaz" under Samsaaly Chetimbaev confirmed the crisis state of the system.
“If we were engaged in processing and sales ourselves, the profit would be significantly higher. Refusing processing is a serious oversight that contradicts the interests of JSC "Kyrgyzneftegaz". When I arrived, the company's account had only 1 million 200 thousand soms. We faced great difficulties in paying salaries. After my appointment on March 10, we managed to pay only one salary,” noted Chetimbaev.
At present, many private companies involved in these schemes have effectively ceased operations or are unavailable for comment. Tax authorities continue to investigate all mentioned episodes as part of the inquiry to determine the scale of the damage to the national budget.
