Source Pravda.Ru

Russia and Kazakhstan finalize agreement on Caspian Sea reserves

Russian President Vladimir Putin has signed a federal law on the ratification of an agreement between Russia and Kazakhstan on the use of reserves in the northern part of the Caspian Sea and the related protocol signed between the two countries on the sovereign right on the use of reserves. Russia and Kazakhstan signed an agreement on the delimitation of the sea bottom in the north Caspian Sea on July 6, 1998. The agreement was approved by the lower house of the Russian parliament on March 19, 2003 and by the upper house of March 26, 2003.

Currently, reserves of the northern Caspian region are estimated at 1-1.2bn tons of oil, 80 percent of which belongs to Kazakhstan and 20 percent will be developed by Russia.

Comments
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Mikhail Gorbachev shares his thoughts on nuclear war
Russia unveils nuclear-powered interstellar spaceship
Moving inexorably towards war
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia’s sanctions against Ukraine send message to Washington
World War I: Remembering the fallen, and the war criminals
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Norwegians complain of demoralised NATO soldiers
NATO to build prestrike staging base in Georgia
On the report of Human Rights Watch against the DPRK
2018: A critical lack of common sense in world governance
NATO to build prestrike staging base in Georgia
Russia unveils nuclear-powered interstellar spaceship
Russia unveils nuclear-powered interstellar spaceship
Capital outflow from Russia sets new records
Putin prepares bitter and hysterical missile surprise to 'American partners'
Putin prepares bitter and hysterical missile surprise to 'American partners'
Austria will not ruin its friendship with Russia despite spy scandal
The difference between Polish and Ukrainian nationalism is plain to see
Russia unveils nuclear-powered interstellar spaceship