An Azerbaijani delegation led by the Deputy Foreign Minister Khalaf Khalafov will begin talks on the disputable territory in the Caspian at the Foreign Ministry of Turkmenistan on 20 November, the Turkmen Government said.
The two-day talks will provide the basis for intergovernmental talks, planned to be held during the upcoming meeting of heads of governments of CIS member-countries on 22 November.
Over the last ten years Ashgabat and Baku could not determine the sea borders in the Caspian Sea. The major dispute was over an oil field, which was named Interim during the Soviet period, because it was located between the two neighboring countries. At the end, it was called Kapaz in Azerbaijan and Sardar in Turkmenistan. Industrial reserves of the field are estimated to 100-150mln tons of oil.
The resolution of this problem can condition the future of a bigger project - the Trans-Caspian gas pipeline designed for transportation of Turkmen gas to Europe. Participants in the conference "Oil and Gas of Turkmenistan2007", including the EU Energy Commissar and the US Energy Minister, took an interest in the last part of implementation of this project. The Trans-Caspian gas pipeline is considered as part of an inter-regional project on gas supplies to Europe Nabucco. It is intended to diversify the crude sources for Europe, which currently receive a major part of 'blue fuel' from Russia, ITAR-TASS.