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Belarus interested in direct talks with Kazakhstan's oil extracting companies

Oil&Gas Materials 25 October 2019 13:33 (UTC +04:00)

BAKU, Azerbaijan, October 25

By Nargiz Sadikhova – Trend:

Kazakhstan and Belarus have agreed on the export of Kazakh oil and petroleum products to Belarus, however the agreement won’t be signed during Belarusian president’s visit to Kazakhstan, Trend reports with reference to Kazakh media.

Belarusian President Alexander Lukashenko has arrived in Kazakhstan on October 24 for his two day visit in order to hold a number of bilateral meetings with Kazakh authorities.

As noted by the President of Kazakhstan Kassym Jomart Tokayev, Belarus is ready to hold direct negotiations with Kazakh oil extracting companies.

“We have agreed on main parameters of the agreement on the supply of oil and petroleum products. We have agreed mainly on the text of the agreement, which is almost 100 percent of the deal,” Kazakh Minister of Energy Kanat Bozumbayev said.

As for the volume of products export, according to Bozumbayev, it is not included in the agreement yet.

“The agreement will not oversee the volume, it’ll include term, conditions for the export implementation,” he added.

Bozumbayev noted that Belarusian party agreed to not re-export Kazakh oil and petroleum products. Furthermore, Kazakhstan will grant Belarusian partners the opportunity to hold negotiations with Kazakh oil extracting companies themselves.

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