Turkmenistan, Ashgabat, July 25 / Trend , G.Hasanov/
An international arbitrage is necessary to solve differences between Turkmenistan and Azerbaijan, above all, in the issue of delimitation of the border fields in the Caspian Sea, Turkmen President Gurbangulu Berdimuhammedov said at a governmental meeting.
National TV channel Altin Asir prepared material in the evening in which the Turkmen President's quotations were represented. Results of regular round of talks on delimitation of the Caspian Sea held at the level of deputy foreign ministers in Baku last week were discussed at the meeting.
"Roughly 16 talks were held. At present, this issue has not been solved yet," Berdimuhammedov said ordering the Turkmen foreign ministry to prepare appeal to the international arbitrage.
He said that conclusion of arbitrage will be made by the Turkmen side. The Turkmen President said that disputes concerning Kapaz field (Turkmen interpretation - Serdar) was recognized by Turkmenistan during USSR. He also named several disputable oil and gas fields.
Two Caspian countries resumed dialogue and expressed interest in bilateral cooperation after Berdimuhammedov became president in Turkmenistan in 2007. During his presidency, exchange of visits was conducted at top level. The Turkmen embassy resumed its activity in Baku. Issue concerning mutual debts was solved.
At present, Azerbaijan and Turkmenistan are considered as potential raw material sources for construction project of Nabucco gas pipeline to Europe via Turkey. It will allow countries diversifying sale markets of energy resources.
According to the Azerbaijani ministry of industry and power engineering, extracted reserves of Kapaz field hit 50 million tons of oil. The field was discovered during USSR by Azerbaijani oil industry workers. Many foreign companies, including ChevronTexaco and Wintershall, showed interest in exploitation of Kapaz field. More constructive position of Turkmenistan would allow countries accelerating exploitation of this field.
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