Bilateral oil supply agreements become void as EEU adopts international treaty on common oil market - EEC
<p> MINSK, May 25 - PrimePress. The International Treaty on the formation of a common oil market of the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) will cancel the existing bilateral contracts for oil supplies to EEU member states. </p> <p> </p> <p> Vadim Zakrevsky, Director of the Energy Department of the Eurasian Economic Commission (EEC), made a statement to this effect in an interview with the Eurasia. Expert portal. </p> <p> </p> <p> “The international treaty will make it possible to abandon the existing bilateral contracts,” Zakrevsky said. </p> <p> </p> <p> Among the main principles of the EEU common market of oil and oil products, which should be created by January 1, 2025, Zakrevsky named market pricing of oil and oil products, non-discriminatory conditions for business entities of member states, development of competition and transport infrastructure, as well as the absence of technical, administrative and other obstacles to trade in oil and oil products. End </p> <p> </p>
2021-05-26
Primepress
Bilateral oil supply agreements become void as EEU adopts international treaty on common oil market - EEC
MINSK, May 25 - PrimePress. The International Treaty on the formation of a common oil market of the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) will cancel the existing bilateral contracts for oil supplies to EEU member states.
Vadim Zakrevsky, Director of the Energy Department of the Eurasian Economic Commission (EEC), made a statement to this effect in an interview with the Eurasia. Expert portal.
“The international treaty will make it possible to abandon the existing bilateral contracts,” Zakrevsky said.
Among the main principles of the EEU common market of oil and oil products, which should be created by January 1, 2025, Zakrevsky named market pricing of oil and oil products, non-discriminatory conditions for business entities of member states, development of competition and transport infrastructure, as well as the absence of technical, administrative and other obstacles to trade in oil and oil products. End