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Turkmenistan, Azerbaijan discussed aspects of cooperation in energy sphere

Oil&Gas Materials 23 September 2014 00:35 (UTC +04:00)
The president of Turkmenistan Gurbanguly Berdimuhammadov and the head of State Oil Company of Azerbaijan (SOCAR) have discussed different aspects of cooperation in strategic energy sphere during their meeting in Ashgabad
Turkmenistan, Azerbaijan discussed aspects of cooperation in energy sphere

Ashgabad, Turkmenistan, Sept. 23

By Huseyn Hasanov - Trend:

The president of Turkmenistan Gurbanguly Berdimuhammadov and the head of State Oil Company of Azerbaijan (SOCAR) have discussed different aspects of cooperation in strategic energy sphere during their meeting in Ashgabad, turkmenian Altin Asir TV channel reported.

"Both of Caspian countries, which are known for their big oil and gas fields, pay special attention to development of this sphere", said in information.

"As it was underlined, two countries having colossal resources and economical potential are going to continue developing of traditional cooperation at the principles of equality and mutual benefit", - Turkmen channel reported.

It was also mentioned that Turkmenistan and Azerbaijan are mutual-interested partners on international arena, making consolidate efforts in searches of optimal ways of actual problems' solutions, including the special point - providing global energy security.

Talking about constructiveness of Turkmenistan strategy of creating a multivariate system of export pipeline, SOCAR head expressed "deep interest of his country in set economic ties' steady build-up, which is aimed to support stable economic development of all the Caspian region".

As TV reported, there was also discussion of cooperation within the confines of the widescale projects in Turkmenistan, demanded both in the internal and external market, including oil-gas processing and fuels and lubricants production areas, held during the meeting.

It should also be noted that coterminous Turkmenistan and Azerbaijan are interested in using of alternate routs of energy output from Caspian region to Europe.

Hydro carbonate resources of Turkmenistan can be connected to European direction through Caspian sea by building of a pipeline - approximately 300 kilometers across the sea to the bank of Azerbaijan, then fuel can be transported to Turkey which has mutual borders with European countries.

Trans-Caspian gas pipeline could be a part of widescale projects of the South gas corridor. Official Ashgabad considers that an agreement of the countries which territories are involved into the project is enough to build a pipeline in the sea, which has no law-determined status.

Previously Azerbaijan has expressed readiness to provide its territory, transit facilities and infrastructure for realizing the project, it was also stated by SOCAR representatives.

Turkmenian establishment has stated about readiness of holding of ecologic expertise of the project.

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