02.04.19
Kazakhstan ratifies an agreement to supply oil to Uzbekistan
Source: https://www.zakon.kz/4964040-kazahstan-ratifitsiroval-soglashenie-po.html
President Kasym-Zhomart Tokayev has signed a Law ratifying the Framework Agreement between the Kazakhstan and Uzbekistan Governments outlining collaboration in the energy sector, Zakon.kz reports.
The Framework Agreement stipulates the creation of a bi-lateral coordination council. The document was signed on 16 September 2017 in Tashkent during an official visit by President Nazarbayev to Uzbekistan.
As already explained by Minister for Energy, Kanat Bozumbayev, the agreement’s ratification will facilitate crude oil supplies to Uzbekistan for refining; resolve the issue of regular gas supplies to the south of Kazakhstan during autumn and winter; and promote mutual interest in developing the transit potential of the Uzbekistan gas transportation system and the exchange of experience in the realisation and operation of oil and petrochemical projects.
Within the framework of the agreement, Kazakhstan is ready to make oil supplies to Uzbekistan from its own resources through the Kenkiyak-Kumkol pipeline and transhipment at the Shagyr station.
It is also looking at the possibility of transporting Russian oil to Uzbekistan through Kazakhstan. The agreement also envisages the creation of a coordination council to promote bi-lateral cooperation in the energy sector.
According to a conclusion from a Senate profile committee, the document states that Uzbekistan is interested in supplying up to 2 million tonnes of Kazakhstan oil per year. In turn, Uzbekistan commits to complete the construction of oil transportation and refining infrastructure in Uzbekistan to facilitate the receipt of oil.