Former head of GUGI Timur Malbashev appointed director of "Kyrgyz Oil Company" instead of Aivar Monoldorov

Елена Краснова Exclusive
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- Timur Zharishbekovich Malbashev has been appointed as the director of the state enterprise "Kyrgyz Oil Company" under a labor contract concluded with the State Agency for Management of State Property.

The appointment order was signed by the Chairman of the Cabinet of Ministers, Adylbek Kasymaliev, on February 16, 2026.

This appointment was made possible by Article 18 of the constitutional law of the Kyrgyz Republic "On the Cabinet of Ministers of the Kyrgyz Republic".

Previously, from April to November 2025, T. Malbashev held the position of director of GAUGI.

By the order of the Chairman of the Cabinet, Aivar Monoldorov was relieved of his duties as director of "Kyrgyz Oil Company".

Brief information about work experience:

04.2025-11.2025 — Director of GAUGI under the Cabinet of Ministers of the Kyrgyz Republic;

06.2023 — Head of the Department for Working with Joint-Stock Companies of GAUGI under the Cabinet of Ministers of the Kyrgyz Republic;

06.2020-06.2023 — Head of the Department for Working with Economic Societies and Corporate Governance of FUGI under the President of the Kyrgyz Republic;

07.2017-06.2020 — Head of the Department of Property Relations of FUGI under the President of the Kyrgyz Republic;

12.2016-07.2017 — Head of the Internal Audit Department of FUGI under the President of the Kyrgyz Republic;

11.2016-07.2016 — Head of the Department for Disposal and Use of Property of FUGI under the President of the Kyrgyz Republic;

08.2015-11.2016 — Head of the Internal Audit Department of FUGI under the President of the Kyrgyz Republic;

11.2012-08.2015 — Head of the Department for Property Disposal Management of FUGI under the President of the Kyrgyz Republic;

10.2012-11.2012 — Assistant to the Chairman of FUGI under the President of the Kyrgyz Republic;

09.2007-08.2008 — Institute of Economics and Business of KSU named after A. Arabayev;

12.2006-09.2012 — Specialist, Leading Specialist, Senior Specialist of the Rental Department of the Department of Property Relations of the Ministry of State Property of the Kyrgyz Republic;

07.2006-11.2006 — Freelance employee of the Administration of the President of the Kyrgyz Republic.
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