The Government of Kazakhstan approved the protocol on amending the agreement with the Russian Federation on cooperation in the field of transit of Russian oil to China. writes about this Kazpravda.kz. We are talking about agreements dated December 24, 2023.
According to the protocol, Russian oil will be pumped from Kazakhstan to China until January 1, 2034. The cost of fuel transportation is set at 2.1 dollars per ton and is paid in tenge at the dollar exchange rate.
Local MP Vera Kim stated that Kazakhstan will receive many benefits from the transportation of oil from Russia to China. Firstly, the annual income from transportation is estimated at 171 million dollars, and secondly, the production capacity of the Pavlodar oil refinery is loaded. In addition, Kazakhstan has the opportunity to sell its own oil instead of Russian oil.
Before reportedBiden has gotten rid of nearly half of the US’s strategic oil reserves over the past few years.
Previously recognized Consequences of India’s refusal to buy oil from the Russian Federation.