Russia and Uzbekistan cooperate on peaceful applications of atomic energy

April 3, 2018

Russia and Uzbekistan cooperate on peaceful applications of atomic energy

Intergovernmental agreement between Russia and Uzbekistan on cooperation in the field of nuclear energy usage for civilian purposes came into effect on Sunday, 1 April, according to the publication at the official website on legal information.

The document was signed on 27 December 2017 by Aleksey Likhachev, Rosatom State Corporation Director General, and Nordir Otazhonov, Deputy Prime-Minister of the Republic of Uzbekistan.

The cooperation implies development and improvement of national infrastructure and personnel training for Uzbekistan nuclear energy sector, construction of nuclear plants and research reactors as well as their life cycle maintenance.

Special attention has been paid to the exploration and development of uranium mines based on the raw material reserve examination, the reclamation of uranium tailing storage facilities, the production of radio isotopes and their application in industry, medicine, and agriculture, as well as scientific and fundamental research. Within the framework of the agreement, joint work teams will develop and complete specific projects and scientific research involving exchange of specialists. 

It is worth noting that the delegation from Uzbekistan was one of the largest at the Russian Energy Week 2017 International Forum. The delegation was headed by Gulomzhon Ibragimov, Deputy Prime-Minister of the Republic of Uzbekistan, who has been the chief of administration in Tashkent region since 30 October 2017. The politician took part in the panel discussion World Petrochemical Markets: Opportunities For Russia.    


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22 June 2018 9th Meeting of OPEC/Non-OPEC Joint Ministerial Monitoring Committee Convened

Alexander Novak, Minister of Energy of the Russian Federation, co-chaired the 9th meeting of the OPEC/Non-OPEC Joint Ministerial Monitoring Committee.

The participants reviewed the situation on the oil market and discussed possible further steps under the agreement. The discussion touched upon the issue of allowed production growth, as well as proposed regulating principles for OPEC/non-OPEC countries cooperation after 2018.

The Head of the Ministry of Energy outlined the main indicators of the Vienna Agreement implementation success. According to the Minister, the Agreement execution by OPEC and non-OPEC countries reached 147% in May. Since early 2017, OPEC+ members have managed to reduce the surplus of oil reserves by 380 million barrels. “The market sees the success of our joint efforts to reduce the volume of stocks and reacts positively,” emphasized the Minister.

According to Alexander Novak, today we see the signs of a steady market balance, but it is very important not to allow ‘overheating’ of potential petroleum shortage. “The declaration we adopted in 2016 implies flexibility and aims to stabilize the market. This means possible actions both in case of surplus and deficit,” the Head of the Energy Ministry noted.

Following the meeting of the extended monitoring committee, most of its participants received recommendations to consider at an upcoming ministerial meeting of OPEC and the subsequent ministerial meeting with the participation of non-OPEC petroleum-exporting countries an increase of production of 1 million barrels per day (from the current level), distributing this amount among the parties to the agreement.