Turkmenistan and Azerbaijan sign MOU on joint oil development in Caspian Sea

Turkmenistan and Azerbaijan sign MOU on joint oil development in Caspian Sea

The agreement is aimed at strengthening cooperation and mutual understanding in the field of energy.

On January 21, President of the Republic of Azerbaijan Ilham Aliyev had an online meeting with the leader of Turkmenistan Gurbanguly Berdimuhamedov. During the event, the foreign ministers of the two countries signed an important document on joint exploration and development of the Dostluk hydrocarbon field in the Caspian Sea, as reported by the press office of the Azerbaijani leader.

The heads of the states noted that this historic memorandum marked a new milestone in the development of modern Turkmen-Azerbaijani relations, which are based on true good-neighborliness, friendship, and peace.

Berdimuhamedov underlined that the decision to name this hydrocarbon field in the Caspian Sea — «Dostluk» — was mutual.

In translation from the Turkmen and Azerbaijani languages, the word «Dostluk» means friendship, and that symbolizes the main principles of intergovernmental cooperation based on solidarity, mutual respect, and support.

The presidents marked that the signing of the document opens a new page in the development of the hydrocarbon resources of the Caspian Sea.

Aliyev pointed out that this project opens up wide export opportunities, thereby contributing to the growth of the well-being of the two peoples.

22 янв 2021, 19:50
Photo source: president.az

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