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Russia and Slovakia to extend agreement on oil supplies until 2030

Moscow and Bratislava plan to sign before the yearend an agreement extending annual oil supplies of up to six million tonnes until December 31, 2029, the press service of the Russian Ministry of Energy said on Thursday after the meeting of the Russian-Slovak intergovernmental commission in Slovakia.

"The sides had consultations on a draft of a new cooperation agreement in the area of long-term oil exports from Russia to Slovakia till December 31, 2029 and agreed to prepare it for signing by end of 2014," the press service said. "The agreement will fix the following parameters: annual oil exports from Russia to Slovakia of up to six million tonnes, and oil transit via Slovakia of up to six million tonnes a year; oil supplies and transit under the agreement shall be executed on the basis of contracts signed between Russia and Slovak economic entities."

The sides noted that oil supplies to Slovakia and oil transit via its territory "are executed reliably and uninterruptedly under contracts between Slovak and Russian companies". Apart from that, the sides expressed mutual interest to cooperation in the area of long-term transit of Russian oil to European countries via the Druzhba pipeline.

The Druzhba oil pipeline runs from Samara to Bryansk in Russia and further on to Moryz in Belarus, where it forks in two directions: to the north -- to Poland and Germany via Belarus, and to the south -- to the Czech Republic, Slovakia, Hungary and Croatia via Ukraine. The overall length of the pipeline is 8,900 kilometers.

[Source: Itar Tass, Moscow, 24Apr14]

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