Kazakhstan and Russia will resume the intergovernmental agreement on trade and economic cooperation in the supply of oil and petroleum products. The Kurultai has ratified the relevant protocol. The document provides for information exchange between the competent authorities of the two countries and maintains the possibility of duty-free imports of petroleum products. This will help ensure the domestic market is supplied with certain types of fuel, including aviation fuel. As a result, Kazakhstan could save around 30 billion tenge.
«For Kazakhstan, the Agreement is of particular importance in ensuring energy security and the stable functioning of the domestic petroleum products market. It provides an international legal framework for coordinating the actions of the competent authorities of the two countries, enables the timely formation of petroleum products balances, and allows the necessary measures to be taken in the event of risks of shortages of certain types of petroleum products,» Kazakh Minister of Energy Yerlan Akkenzhenov noted.
The Kurultai also ratified an agreement on military-technical cooperation between Kazakhstan and Serbia. The document provides for mutual supplies of defense-related products, including weapons and military equipment, as well as the results of intellectual activity and the exchange of information and documentation. The agreement will create additional conditions for the further development of Kazakhstan’s defense industry.
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