Russia and Kazakhstan sign a protocol on geological exploration of cross-border deposit Imashevskoye

The Russian Deputy Minister of Natural Resources and Ecology Denis Khramov and Kazakh Vice Minister of Oil and Gas Bulat Akchulakov have signed a protocol on the implementation of the interdepartmental Russian-Kazakh agreement on joint activity in the geological survey and exploration of cross-border gas condensate deposit Imashevskoye.

As the press centre of the Russian nature conservation department reported, the document was signed during the first session of the coordinating committee for the implementation of the agreement. During the session the parties also discussed the legal and technical aspects of the execution of the document and other issues.

As D.Khramov noted “the implementation of this agreement will allow us to prepare the deposit for the development, and specify mineral reserves at this subsoil site”.

The participants of the negotiations noted that the implementation of this agreement will become a stimulus for the development of the cooperation between two countries in the joint development of the deposit, exchange of geological information, monitoring of environment in the district of geological exploration. The parties decided to hold the next meeting in 2013.

The gas condensate deposit Imashevskoye is located in the Atyrau region, the Kurmangazy district, 250 kilometers to south-west from Atyrau and 60 km to east-northeast from Astrakhan.

Translated by Svetlana Kyrzhaly

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