In a significant development for the energy industry, a tripartite agreement was signed on November 3, in Moscow, with the aim of increasing the volume of petroleum raw material supplies from the Russian Federation to the Republic of Uzbekistan.
Under this agreement, the supply of petroleum raw materials is set to increase to an impressive 1 mn tons in 2024 and subsequent years. The agreement underscores the commitment of all parties involved in enhancing energy cooperation and securing a stable supply of vital resources.
The signatories of this historic agreement included the First Deputy Minister of Energy of the Russian Federation, Pavel. Sorokin, the First Deputy Minister of Energy of the Republic of Uzbekistan, Azim. Akhmedkhadjaev, and the Vice Minister of Energy of the Republic of Kazakhstan, Yerlan. Akkenzhenov. This accord marks a pivotal moment in the energy partnership between these nations.
Key highlights of the agreement include the prioritization of transportation through the Omsk-Pavlodar-Shymkent-Shagyr oil pipeline. By leveraging this route, the parties intend to streamline the transportation process and lower costs compared to alternative methods, such as rail transportation.
The agreement focuses on several core objectives:
- Prompt Implementation of a Trilateral Agreement: This agreement aligns with the discussions held between the leaders of the three countries on October 6-7, 2023, and serves as a tangible step towards realizing the goals set during these high-level talks.
- Development of Pipeline Oil Supplies: The increased reliance on pipelines for transportation is expected to result in cost savings and greater energy security for all parties involved.
- Infrastructure Development: The agreement will promote the development of oil pipeline infrastructure in the Republic of Uzbekistan and its border areas, contributing to long-term energy sustainability in the region.
- Boosting Refining Capacity: The greater supply of Russian oil will enable the enhancement of production capabilities at two Uzbek oil refineries. This, in turn, will lead to increased production of high-quality gasoline and other fuels and lubricants, providing significant benefits to Uzbekistan's economy and its citizens.
- Expansion of Gas Stations Network: With an increase in gasoline production, Uzbekistan aims to expand its network of gas stations. This expansion will enhance the availability of fuel to the population, offering improved service quality and geographic coverage.
- Stimulating Modernization and Growth: Stable supplies of Russian oil raw materials will facilitate the modernization of existing oil refining facilities and the creation of new ones. This will drive the production of high-value export products, fostering economic growth and stability in the region.
The tripartite agreement reflects the dedication of the Russian Federation, the Republic of Uzbekistan, and the Republic of Kazakhstan to strengthening their energy cooperation and ensuring the sustainable supply of petroleum raw materials. This landmark deal holds the potential to transform the energy landscape in the region, with numerous economic and industrial benefits for all parties involved.
Earlier, Daryo reported a momentous occasion involving leaders of Uzbekistan, Russia, and Kazakhstan. Leaders on October 7 converged to commemorate the inauguration of the historic Russian natural gas delivery to Uzbekistan, facilitated through the cooperation of Kazakhstan. Presidents Shavkat Mirziyoyev, Vladimir Putin, and Kassym-Jomart Tokayev united in purpose and solidarity, grasped hands as they marked a remarkable milestone, symbolizing the strengthening of regional energy cooperation. This monumental event promises to foster a brighter and more interconnected future for the region.
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