| This project aimed to the
implementation of the umbrella agreement and the establishment of the
commercial common insterstate operators for oil and gas for the
rehabilitation or new construction of infrastructures. Countries included
were: Moldova, Belarus, Ukraine, Georgia, Armenia, Azerbaijan,
Turkmenistan, Kazakhstan, Uzbekistan, Kyrgyzstan
The first group of objectives achieved included the provision to all
the Beneficiary States of:
(a) Assistance in the elaboration,
finalisation and signature of the draft Protocol on the Settlement of
Disputes, as part of the Umbrella Agreement institutional
framework; (b) Assistance in the ratification of the Umbrella Agreement
and the Protocol on the Settlement of Disputes and entry into force of the
said agreements by the presentation, upon the request of the
Beneficiaries, of the rationale and methodology of the institutional
framework to the appropriate bodies (such as the Parliaments of the
Beneficiaries); (c) Assistance in the design and establishment of an
INOGATE Technical Secretariat which will support the implementation of the
institutional framework and of specific projects under the Umbrella
Agreement; (d) Assistance in the setting up of a Trust Fund which will
provide insurance against political and possibly other risks that
investors in oil, gas and processed products transportation projects in
the region are facing; (e) Elaboration of a guide on the drawing up of
contracts based on the Umbrella Agreement, which will facilitate the
establishment and implementation of projects based on the Umbrella
Agreement institutional framework.
The second category of
objectives achieved consisted of:
(a) The identification and
evaluation of projects which will constitute coherent transportation
systems and will facilitate the interstate transportation of oil and gas
and their processed products; (b) The provision of expert assistance in
the selection of projects which meet the set criteria; (c) The
preparation of all the necessary documentation (legal, technical,
financial, managerial) for the implementation of the selected
projects; (d) The training of local experts in hydrocarbon
transportation and trading contract negotiations; (e) The training of
local experts in the management of oil transportation operations. |