The agreement between the Government of the Russian Federation and the Government of the Republic of Kazakhstan on technical and economic cooperation and integration in oil and gas industries

of February 25, 1997

Became effective from the moment of signing

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

considering that growth in prosperity and prosperity of the people of the Russian Federation and the Republic of Kazakhstan are equitable to interests of the Parties,

being guided by the commonly accepted principles and rules of international law,

The agreement to the European energy charter of December 17, 1994, the Declaration on expansion and deepening of the Russian-Kazakhstan cooperation signed by Heads of states on January 20, 1995 and the Contract between the Russian Federation, the Republic of Kazakhstan, the Republic of Belarus and the Kyrgyz Republic on deepening of integration in economic and humanitarian areas of March 29, 1996,

The agreement between the Government of the Russian Federation and the Government of the Republic of Kazakhstan on cooperation and development of fuel and energy complexes of December 25, 1993, the Agreement on carrying out coordinated policy in the field of transit of oil and oil products on bulk distribution lines of April 12, 1996,

agreed as follows:

Article 1

The parties will strengthen cooperation in the field of investigation, development, production, conversion and oil transportation, gas, condensate and oil products and to coordinate efforts for the purpose of stabilization and development of the oil and gas industries on the basis of equality, mutual advantage, mutual assistance and non-admission of the actions causing economic and ecological damage each other.

Article 2

The parties will support establishment of direct contacts and cooperation between the companies and the organizations, to promote creation and functioning of joint businesses, joint-stock companies, including with participation of legal entities and physical persons of the third parties.

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