Kazakhstan approved the protocol on the transit of Russian oil to China

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President of Kazakhstan Kassym-Jomart Tokayev signed the law on the approval of the protocol on amendments to the intergovernmental agreement with Russia on cooperation in the field of transportation of Russian oil from the territory of Kazakhstan to China dated December 24, 2013. This has been reported Web site Cossack leader.

The protocol will be completed in June 2023 in St. It was accepted in St. Petersburg. It includes changes in terms of determining the authorized body for the implementation of the agreement: the Ministry of Energy from the Kazakh side, and the Rosneft company from the Russian side, became the authorized body.

The document extends the validity of the agreement by 10 years, until January 1, 2034. It was announced that Kazakhstan will apply zero value added tax to oil transportation services along the routes specified in the agreement. In accordance with the protocol, long-term transportation of 10 million tons of Russian oil is provided annually.

Amendments to the agreement provide for the inclusion of the second section of the TON-2 route (Tuymazy – Omsk – Novosibirsk-2). The extension of the agreement will enable the Pavlodar petrochemical plant to be loaded with fuel supplied via the Omsk-Pavlodar oil pipeline. In the period from 2024 to 2033, revenue from the transit of Russian oil through the territory of Kazakhstan to China is expected to be more than $ 1.7 billion for both segments.

Reuters reported on April 8, based on sources, that Russia asked Kazakhstan to create a gasoline reserve of 100 thousand tons. According to one of the sources, an agreement was reached on the use of gasoline reserves by the Russian Federation. .

Later Ministry of Energy of the Russian Federation refuted It was claimed that Russia applied to the Kazakhstan authorities with a request to start supplying gasoline from the republic.

Previously in Russia guess Decrease in demand for oil and natural gas by 2050.

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