Today Russia and Kazakhstan will sign the documents on oil deliveries and military-technical cooperation, Yurii Ushakov, Assistant of Russian President, told journalists.
He said the documents will be signed after the talks between Russian and Kazakhstan Presidents Vladimir Putin and Nursultan Nazarbayev in Moscow.
He said the two countries also plan to sign the agreement concerning transportation of Russian oil to China via Kazakhstan, the protocol on amending the intergovernmental agreement on the oil transit and the protocol on amending the intergovernmental agreement on trade-economic cooperation in field of oil and oil products deliveries. Assistant President did not specify the content of the documents.
The agreement between Russia and Kazakhstan on duty-free oil deliveries to Kazakhstan expires on January 1, 2014. Russian Vice Premier Arkadi Dvorkovich said earlier that until the end of the year Russia hopes to find an agreement on oil deliveries with Kazakhstan. In November 2013 the sides signed the preliminary agreement on the oil transportation via Kazakhstan and the transit guarantees.
Rosneft President Igor Sechin said that as a part of the agreement with Kazakhstan, Rosneft plans to pump 7 million tons of oil a year since 2014 and it will pay $2.3-2.5 billion a year to the Russian budget, if oil is exported to China via Kazakhstan. The deliveries will be based on a swap scheme. From January 1, 2014 Kazakhstan will transport the same volume of its oil in exchange for Russian oil and Russia will transport it to China. The actual condition of the agreement is the transit fee.—0--
Economics
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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