Kazakhstan announces volumes of oil supplies to Russia
Astana, Kazakhstan, Aug. 27
By Daniar Mukhtarov - Trend:
Kazakhstan will supply Russia in Aug.-Sept. 2014 with over 200,000 tons of return oil, Kazakh First Vice-Minister of Energy Uzakbai Karabalin told reporters Aug. 27.
"We plan to start delivering about 60,000 tons of oil this month, and the following month - 182,000 tons. Moreover, the Russian side and we are now coordinating the issue of supply volumes until late this year. Overall, the process is going on, and we intend to comply with our obligations," he said.
Karabalin said the parties only need to discuss the scope and date of deliveries, and Kazakhstan does not intend to delay its decision.
He went on to add that Kazakhstan and Russia have an agreement, under which the country will deliver oil to Russia as a compensation for the oil products received by Kazakhstan between 2012 and 2013.
"We believe that such a great difference in prices was preventing the import of the agreed volumes of oil products from Russia. Naturally, there lately have been shortages. In the future, if the prices remain at the cost-effective level, there should not be such a deficit," Karabalin said.