Ukraine ratifies agreement with Azerbaijan on co-op in oil

Oil&Gas Materials 8 December 2005 13:33 (UTC +04:00)

Victor Ushenko, the Ukrainian President, signed the law on ratification of the agreement on cooperation in oil sphere between Azerbaijan and Ukraine, Trend reports.

The agreement envisages safe, effective and free oil transportation through Ukraine and Azerbaijan. In accordance with the agreement, the sides ensure preservation of quantity and quality of transporting oil.

The tax and the customs regimes of the oil transportation through the territories of the countries are determined in accordance with the current national legislations of the sides and international norms, as well as remain unchangeable during the validity of the agreements on transportation, Interfax-Ukraine reports.