Agreement between the Government of the Russian Federation and the Government of the Kingdom of Saudi Arabia on cooperation in the oil and natural gas sector.
Country
Type of law
Agreement
Abstract
The Parties have agreed to cooperate in the following fields: (a) interaction of the organizations concerned as regards the realization of joint projects in the oil and natural gas sector; (b) joint research in the oil and natural gas sector (art. 1). The cooperation shall be carried out in the following forms: (a) simplification of the procedures for the creation of joint ventures in the oil and natural gas sector; (b) joint research with a view to improve technologies for exploration, extraction, processing and transportation of oil, natural gas and the derivates thereof; (c) exchange of patent information; (d) exchange of experience and training of personnel; (e) organization of conferences, seminars and symposia (art. 2).
Attached files
Web site
Date of text
Entry into force notes
The Agreement enters into force from the date of receipt of the last notification of the fulfilment by each of the Parties of the internal procedures required for its coming into force.
Notes
The present Agreement shall be valid for five years and it will be automatically extended on a yearly basis, unless six months before its expiry one of the Parties informs the other, in writing, of its decision to terminate it.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
اتفاقية بين حكومة الفيديرالية الروسية وحكومة المملكة العربية السعودية للتعاون في مجال البتول والغاز الطبيعي