Turkmen president to visit Baku to attend Caspian Summit
Turkmenistan, Ashgabat, Nov. 15 / Trend H. Hasanov /
Turkmen President Gurbanguly Berdimuhammedov plans to attend the Caspian Summit in Baku on Nov. 18, an official Turkmen source reported.
Berdimuhammedov said at a recent meeting of the presidents of Turkic-speaking countries in Istanbul that all issues relating to the Caspian Sea must be resolved taking into account the interests of all parties and universally recognized norms of international law.
"None of the parties doubts that these issues must be resolved and they will be solved," he said, stressing that the negotiation process to determine the international legal status of the Caspian Sea is being held online at various official levels.
Turkmenistan, along with Azerbaijan, Kazakhstan, Russia and Iran, borders the Caspian Sea, which is rich in hydrocarbon and biological resources. It is necessary to adopt a new agreement on the legal status of the reservoir after the collapse of the Soviet Union.
The five Caspian countries agreed that the convention can be adopted only by consensus. Until then, the legal regime - established by Soviet-Iranian treaties - will remain in force. The first Caspian Summit was held in Ashgabat in 2002.