Armenia, Kazakhstan to cooperate in the field of oil product supplies
The Armenian Cabinet approved a proposal to sign an agreement between the Government of Armenia and Kazakhstan on trade and economic cooperation in the field of oil supply.
As the press department at the government reported, the agreement is supposed to promote cooperation in the field of oil product supplies between Armenia and Kazakhstan. Delivery of oil products from the Republic of Kazakhstan to the Republic of Armenia in quantities specified in the agreement shall be exempt from customs duties.
Deputy Prime Minister Tigran Avinyan stressed the need to sign the agreement: “After the signing and ratification of this agreement, Armenia will have the opportunity to import fuel from Kazakhstan under better conditions, which will foster competition in our fuel market. This in turn may have a positive impact on the gasoline market in Armenia.”