The Uzbek oil and gas monopolist took the 35th place in the rating of Petroleum Intelligence Weekly, which was published on 1 December and it is based on the 2008 fiscal year operational results.

In the rating, Uzbekneftegaz was placed higher than Azerbaijan’s Socar (36th place), Russia’s TNK-BP (38) and Kazakhstan’s Kazmunaigas (41).

Uzbekneftegaz national holding company was founded in 1998 and it is monopoly oil and gas operator in Uzbekistan. The company, which wholly owned by the Government of Uzbekistan, unites six joint-stock companies.

Saudi Aramco (Saudi Arabia) topped the rating of Petroleum Intelligence Weekly, while NIOC of Iran and Exxon Mobil of the US took next two places. Russia Gazprom was 14th, while Rosneft and Lukoil placed 16th and 17th respectively.

Petroleum Intelligence Weekly’s annual ranking of the world’s 50 largest oil companies is a perennial benchmark survey recognized industry-wide and the leading source of comparative corporate performance assessments.

The rankings are based on six operational criteria that allow the comparison of private sector and state-owned oil companies. The six individual ranks are then added together to determine the cumulative, overall position, giving each of the six criteria an equal weighting.