KazTransOil extends agreement on transit of 10 million tons of Russian oil per year to People's Republic of China

15.05.23 18:00
/KASE, May 15, 2023/ – KazTransOil JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated May 15, 2023: quote "KazTransOil" JSC has concluded an additional agreement with PJSC "NK "Rosneft" to the contract for the provision of services for the transportation of Russian oil through the territory of the Republic of Kazakhstan to the People's Republic of China. The document will become effective from the date of entry into force of amendments and additions to the agreement between the Government of the Russian Federation and the Government of the Republic of Kazakhstan on cooperation in the field of transportation of Russian oil through the territory of the Republic of Kazakhstan to the People's Republic of China dated December 24, 2013. An additional agreement to the agreement between "KazTransOil" JSC and PJSC "NK "Rosneft" provides for the extension of the agreement until January 1, 2034, transportation of 10 million tons of Russian oil per year to the People's Republic of China and maintaining the current tariff. unquote The complete press release is available on: - https://kase.kz/files/emitters/KZTO/kzto_reliz_150523_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/KZTO/kzto_relizs_150523.pdf – in Russian; - https://kase.kz/files/emitters/KZTO/kzto_reliz_150523_en.pdf – in English. [2023-05-15]