Turkmenistan, Ashgabat, October 26 / Trend H. Hasanov /
The Geneva Convention, adopted in 1958 is quite acceptable, while delimiting a zone of the Caspian countries' activity, the complex department on development of hydrocarbon resources in the Turkmen sector of the Caspian Sea at the Institute of Oil and Gas of Turkmengaz state concern said.
This document was adopted to delimit area of water between littoral countries - Great Britain, the Netherlands, Federal Republic of Germany, Denmark and Norway.
Moreover, possible using of the principle of equity in the delimitation of maritime boundaries, indicated in the UN Convention on the Law of the Sea of 1982 was mentioned.
"The UN convention does not restrict use of its basic principles to solve the status of the Caspian Sea and ensure the rational use of its mineral, biological and water resources and stabile ecosystem development for long-term future," the statement said.
The Caspian Sea in its hydrological, meteorological regime, geomorphological structure, and recent past according to geological time can be classified as "sea," the document says.
Unsolved issues to conduct oil operations in the Caspian region negatively affect the development of rich oil and gas resources of the sea shelf and, in particular, the Khazar-Osman zone of Absheron-Balkhan area. Several fields with large reserves of hydrocarbons have been developed there, the state concern Turkmengaz said.
Turkmenistan does not claim for anyone's territory. It was and remains a supporter of fair territorial division of unique sea, coordination of the interests of all Caspian countries on the basis of recognized norms of the international law and the world experience in definition of maritime boundaries .
The status of the Caspian Sea will be discussed in Ashgabat on November 5-6.
Azerbaijan, Kazakhstan and Russia have no claims towards each other concerning division of the Caspian Sea.
There are both bilateral and trilateral agreements on this issue between these countries.
The parties also agreed to define coordinates of the dividing line.
The question has not been agreed only with two countries - Turkmenistan and Iran. The status of the Caspian Sea has not been determined yet despite long discussions.
Azerbaijan was the first country of the Caspian Sea which began to delimit the world's largest lake and define limits of its sovereignty. Azerbaijan first has announced about its sector in the Caspian Sea by signing the international contract ( "Contract of the Century") with Western companies on the model of PSA - Production Sharing Agreement on Sept. 20, 1994. It was reflected in the Basic Law of Azerbaijan of 1995.