Kazakhstan and Russia plan to extend transportation of Russian oil to China for another 10 years

Kazakhstan and Russia plan to extend the transportation of Russian oil to China for another 10 years.

The draft law “On ratification of the protocol on amendments to the agreement between the Government of Kazakhstan and the Russian government on cooperation in the field of transportation of Russian oil through the territory of Kazakhstan to China of December 24, 2013, Zakon.kz.

has been prepared.

The protocol provides for the updating of transit, tariffs and calculation for oil transit, and also extends agreements between the governments of Kazakhstan and Russia on cooperation in the field of transportation of Russian oil through the territory of Kazakhstan to China for ten years.

In particular, it is stipulated that the parties create conditions for the long -term transportation of Russian oil by the authorized organization of the Russian Federation in the amount of 10 million tons per year and grant it the right to access the system of trunk pipelines in the direction of transportation “The border of the Russian Federation – the border of the Republic of Kazakhstan (Magistral oil pipeline (trunk oil pipeline. “Tuymazy – Omsk – Novosibirsk – 2”) – the border of the Republic of Kazakhstan and the border of the Russian Federation Novosibirsk -2 “), (the main oil pipeline” Tuymazy Omsk – the border of the Russian Federation and the border of the RK – (Prirtyshsk) – Atas (RK – Alashankou (China) “. /p>

The cost of transporting oil is 2.1 dollars per ton for the entire duration of the agreement and is paid in tenge according to the rate established by the National Bank of the Republic of Kazakhstan at the time of the payment.

The document also establishes that the Kazakhstan side taxes oil transportation services along transportation routes (including any of its sections) value added at zero rate.

The agreement is valid until January 1, 2034.