The agreement on the basic principles and conditions of relations of the Republic of Kazakhstan and the Russian Federation in the field of production, conversion and oil transportation and gas

of March 23, 1992

The Republic of Kazakhstan and the Russian Federation - the participants of this agreement on behalf of the Ministry of Energy and Fuel Resources of the Republic of Kazakhstan and the Ministry of fuel and energy of the Russian Federation who are referred to as further "Contracting parties"

being guided by the international standards and practice;

developing earlier reached economic agreements within the Commonwealth of Independent States;

recognizing that oil and gas complexes of Contracting parties are mutually deeply integrated and are base of development of many fields of economy of Contracting parties;

being guided by the purpose of creation of the joint oil market;

recognizing that establishment of the single principles of forming and functioning of the oil market most fully meets requirements of economic reform and consumer interests of Contracting parties;

Considering that carrying out general policy in the relations with the third countries are equitable in petrobusiness to interests of agreement parties and promotes increase in efficiency of their participation in international backgrounds,

agreed as follows:

Article 1

Keep action in the territory of Contracting parties of the rules, provisions, instructions, standards, specifications and other regulations regulating work of oil and gas complex including conversion and transport of products. At the same time Contracting parties take measures for standardization of the oil legislation existing in their territory and aim at approach to the international standards.

Article 2

Contracting parties keep the developed scientific and technical bonds in research and development of problems of oil and gas complex, preparation of scientific and technical personnel.

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