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Turkmenistan and Azerbaijan are preparing an Agreement on the development of the “Dostluk” field in the Caspian

18:0329.07.2021
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Turkmenistan and Azerbaijan are preparing an Agreement on the development of the “Dostluk” field in the Caspian

The preparation of the Agreement on the joint use of hydrocarbon resources of the “Dostluk” field in the Caspian Sea was discussed by the participants of the joint Turkmen-Azerbaijani working group during a two-day meeting in Ashgabat.

According to the press service of the country's Foreign Ministry, the meeting discussed the implementation of the agreements reached during the previous meetings held in March and May of this year. Particular emphasis is placed on stepping up joint work to attract partners, as well as investors for the successful implementation of a promising intergovernmental document.

It is noted that earlier, for the implementation of this project, an agreement was reached on attracting “Lukoil” as a contractor and investor.

We remind you that on January 21 this year, the foreign ministers of Turkmenistan and Azerbaijan signed a Memorandum of Understanding in Ashgabat on joint exploration, development and exploitation of the “Dostluk” hydrocarbon field, the reserves of which, according to experts, are estimated at 50 million tons of oil. Earlier it was called “Serdar” from the Turkmen side, and “Kapaz” from the Azerbaijani side.

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