Protocol with Russia on the Resumption of the Agreement on Oil and Petroleum Product Supplies Ratified

Who is affected

Importers of crude oil and petroleum products from the Russian Federation. Oil refineries and traders. Airlines and airport operators with respect to jet fuel. Transport and logistics companies purchasing diesel fuel and gasoline. Gas station networks. Participants in the coordination of indicative supply balances. Any companies for which fuel constitutes a significant share of their cost of production.

What changes

Kazakhstan has ratified the protocol to the intergovernmental agreement with Russia on trade and economic cooperation in the field of oil and petroleum product supplies. The baseline agreement was concluded in 2010, its validity period expired in early 2024, and the protocol resumes its effect with amendments. The practical implication for business is the preservation of the duty-free regime for supplies of petroleum products from Russia and the mechanism for annual coordination of indicative balances. According to the estimate provided during the consideration of the law, the savings from the duty-free regime in 2026 amount to approximately 30 billion tenge: about 5.59 billion for gasoline, 15.75 billion for diesel fuel, and 8.61 billion for jet fuel. Without ratification, the intergovernmental supply coordination mechanism would have ceased to be effective.

List of changes

• Ratified the protocol resuming the effect of the intergovernmental agreement between Kazakhstan and Russia on trade and economic cooperation in the field of oil and petroleum product supplies
• The baseline agreement was concluded in 2010, its validity period expired in early 2024, and the protocol brings the agreement back into force
• The protocol introduces amendments to certain provisions of the baseline agreement
• The duty-free regime for supplies of oil and petroleum products from the Russian Federation is preserved
• The mechanism for annual coordination of indicative supply balances between the parties is preserved
• An exchange of information between the competent authorities of the two states is provided for
• The intergovernmental supply coordination mechanism is restored, allowing for a prompt response to risks of petroleum product shortages
• According to the estimate provided during the consideration of the ratification law, the savings from the duty-free regime in 2026 amount to approximately 30 billion tenge, including about 5.59 billion for gasoline, 15.75 billion for diesel fuel, and 8.61 billion for jet fuel

Effective date

The protocol enters into force in the manner prescribed by it—as a rule, from the date of the last written notification on the fulfillment by the parties of internal state procedures. The Law of the Republic of Kazakhstan on ratification was signed by the President and published in October 2026.

Details and status

For further details and to check the status, please contact us. This material is for information only and does not constitute legal advice.

Source

https://www.zakon.kz/obshestvo/6534096-kazakhstan-i-rossiya-vozobnovyat-soglashenie-o-postavkakh-nefti.html