Tyumen oil company (Russia) and KazTransOil (Kazakhstan) signed agreement on mutual supplies

/IRBIS, Feb 20, 01/ - The Great Silk Road World News Agency informs that as informed by a source with the Almaty office of KazTransOil, the company has signed an agreement with the Tyumen Oil Company, which owns the Orsk Refinery, under a protocol to the Treaty On Co-operation and Development of Fuel and Energy Sectors between the Republic of Kazakhstan and the Russian Federation. The agreement provides for swapping Aktobemunaigaz' oil supplied to the Orsk Refinery for Orenburgneft's oil delivered to Russian refineries under Aktobemunaigaz' obligations. The agreement clearly defines obligations and responsibilities of the parties for mutual supplies of around 2,600,000 tones of oil annually. This will allow lifting restrictions on oil receiving by the main pipeline systems of Russia and Kazakhstan.