11 February 2012, 05:00 (GMT+04:00)

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Russia and Kyrgyzstan to collaborate in oil-and-gas sector

Russia and Kyrgyzstan has come to an agreement about the collaboration in the oil-and-gas sector. The statement was voiced at the session of Kyrgyz-Russian Inter-governmental Commission on trade, economic, science-technical and humanitarian cooperation on 27 February, 2010.

The Commission instructed to the workgroup (WG) to provide practical realization of previously agreed arrangements on creation of joint Kyrgyz-Russian enterprise in oil-and gas sector. The Kyrgyz Government is going to sell the state holding of Kyrgyzgas shares to the Gazprom, "24 kg" reported.

"This will give the republic technical re-equipment and management improvement as well as the other advantages", Daniyar Usenov said. He also said the Gazprom will provide Kyrgyz Republic with lower gas tariffs among world prices.

The development of the collaborations also provides realization of the geologic exploration program at the sites Kugart and Eastern Mailisuu IV till the end of 2011.

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