The agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Belarus on cooperation in the field of development of fuel and energy complexes

of May 18, 2005

The government of the Republic of Kazakhstan and the Government of the Republic of Belarus which further are referred to as with the Parties

being guided by the commonly accepted principles of international law, the Contract between the Republic of Kazakhstan and the Republic of Belarus on long-term economic cooperation for 1999 - 2008 of November 4, 1999, the Agreement to the Energy Charter of December 17, 1994 and the Constitutive treaty of Eurasian economic community of October 10, 2000,

proceeding from need of further strengthening of equal and mutually advantageous trade and economic relations, effective use of economic and scientific and technical capacities of both states, feasibility of preserving and development on long-term basis of specialization, cooperation and technologically interconnected productions of the states of the Parties,

recognizing need of joint development and implementation of target programs and projects of sci-tech cooperation for industries of fuel and energy complexes of the states of the Parties,

considering mutual interest of the states of the Parties in effective use of source of raw materials, the organization of joint businesses and interstate companies in industries of fuel and energy complexes, creating favorable conditions for enhancement of the market relations between legal entities of the states of the Parties,

agreed as follows:

Article 1

The parties will assist development of cooperation in industries of fuel and energy complexes on the basis of mutual advantage, mutual assistance and non-admission of the actions causing economic damage to each of the states of the Parties.

Article 2

Competent authorities of the states of the Parties on implementation of this agreement are:

from the Kazakhstan Side - the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan;

from the Belarusian Side - the Ministry of Economics of the Republic of Belarus.

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