Dostlug field as unique format of co-op in Caspian - another successful strategy of President Ilham Aliyev

Dostlug field as unique format of co-op in Caspian - another successful strategy of President Ilham Aliyev

BAKU, Azerbaijan, Jan. 22

Trend:

A historic event took place on January 21, which became another success of the strategy of President Ilham Aliyev - a Memorandum of Understanding was signed between the Governments of Azerbaijan and Turkmenistan on joint exploration, development, and study of the Dostlug oil and gas field.

The document was signed by the Minister of Foreign Affairs of Azerbaijan Jeyhun Bayramov and Deputy Chairman of the Cabinet of Ministers of Turkmenistan, Minister of Foreign Affairs Rashid Meredov. The signing process was observed in the format of a videoconference by Presidents of Azerbaijan Ilham Aliyev and Turkmenistan Gurbanguly Berdimuhammedov.

The document signed by Baku and Ashgabat is of great regional and international importance. It demonstrated that there can be no insoluble problems between good neighbors and friends, and there is always an opportunity to come to an agreement. The document, setting economic tasks in its essence, in fact also has great political significance in terms of resolving issues between the Caspian countries. Dialogue can resolve any problem. Cooperation in such a strategic area as oil and gas production is the key to achieving mutual understanding on many other issues. The Dostlug memorandum can be called the first important step in the Caspian region after the signing in August 2018 in Aktau of the Convention on the legal status of the Caspian.

During the Soviet era, the Dostlug field was called ‘Intermediate’, since it is located in the middle of the sea border separating the Azerbaijani and Turkmen waters of the sea. And although it was discovered by Azerbaijani oilmen, the border location made it impossible to develop deposits after the transformation of the union republics into independent states. The issue was discussed for many years, in 1998 an expert group was created for negotiations between Azerbaijan and Turkmenistan on the coordinates of the median line.

Competent diplomacy of Baku and readiness for dialogue of the Turkmen side led to success. The parties have repeatedly exchanged high-level visits.

As President Ilham Aliyev reminded at an online meeting, over 50 documents were signed within the framework of the visits made over the past three years: For comparison, let me note that more than 100 documents have been signed in the entire history of our relationship, half of which were signed in the last three years. The most gratifying thing is that they are all being implemented, including the agreements we have reached on cooperation in the energy sector. Today's signing ceremony opens a new page in the development of the Caspian's hydrocarbon resources. This project will contribute to the strengthening of the energy security of our countries, as well as our neighbors. This project opens up great export opportunities, thereby contributing to the growth of the well-being of our peoples,” the Azerbaijani leader said.

In turn, as the president of Turkmenistan stated, the signing of the Memorandum marks a fundamentally new stage in the energy cooperation between Turkmenistan and Azerbaijan in the Caspian Sea.

New opportunities for joint work based on a solid international legal framework are opening up and additional serious incentives are emerging for the inflow of major foreign investments into our region on a systematic and long-term basis,” Berdymuhamedov said.

It’s symbolic that the Memorandum was signed in the year of the Summit of the Caspian states, which will be held at the initiative of Turkmenistan.

The joint development of an oil field by neighboring countries is an extraordinary event. Hydrocarbons are a source of income, wealth, and prestige, so each country, when gaining access to deposits, as a rule, tries to obtain benefits on its own, but Azerbaijan has shown that joint activity can be mutually beneficial when it is based on mutual understanding and friendly relations. It is no coincidence that the field was named Dostlug. Both sides will benefit greatly from cooperation. As for Azerbaijan, in addition to all other advantages, oil and gas from the field will be transported to Europe through modern infrastructure and export pipelines of our country, which will significantly increase its role as an exporter and transit country of energy resources.

The signing of the Memorandum on the Dostlug field is undoubtedly the success of the energy strategy pursued by President Ilham Aliyev.

The interaction of Azerbaijan and Turkmenistan at the field with a very symbolic name ‘Dostlug’ (‘Friendship’) will greatly contribute to these processes. Thanks to the efforts of President Ilham Aliyev and the implementation of his oil and gas strategy, Azerbaijan is successfully setting and realizing seemingly impossible tasks. Today Baku and Ashgabat have laid the foundation for, without exaggeration, a fateful project which can grow into a new and promising format of cooperation in the Caspian region.

Israel registers 2,738 new COVID-19 cases, 769,971 in total
Israel registers 2,738 new COVID-19 cases, 769,971 in total
Azerbaijani FM, Israeli ambassador discuss prospects for development of bilateral co-op (PHOTO)
Azerbaijani FM, Israeli ambassador discuss prospects for development of bilateral co-op (PHOTO)
Israel's hi-tech services exports up 19 pct in 2020
Israel's hi-tech services exports up 19 pct in 2020
Loading Bars
Latest
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
Turkmenistan’s Turkmenbashi Oil Refinery exceeds plan for kerosene production
Azerbaijani oil prices published
Kazakhstan's uranium mining company opens tender to acquire electro-technical materials
Issuance of construction permissions in Georgia down
Philippines extends partial coronavirus curbs in capital until end-March
Weekly review of Azerbaijani currency market
Kazakh gas supply company to attract equipment installation services via tender
Turkey's tourism industry puts hopes on safety measures for new season
Azerbaijani marketing platform plans to become regional player
Argentine health minister tests positive for COVID-19
Czech gov't declares new state of emergency over coronavirus
U.S. FDA advisors recommend approving Johnson & Johnson COVID-19 vaccine for emergency use
Increase in malware attacks makes cybersecurity more relevant than ever - Kaspersky Lab in Azerbaijan
South Korea vaccinates 18,000 to start ambitious COVID-19 campaign
US may announce new sanctions on Russia within weeks - White House press secretary
Founder of Indian Jet Airways eyes opening airline in Uzbekistan’s Namangan region
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Israel registers 2,738 new COVID-19 cases, 769,971 in total
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
Number of COVID-2019 cases across globe up by over 427,000 in past day
Slovenia confirms first case of coronavirus variant identified in S. Africa
UN Security Council adopts resolution on vaccination
UK records another 8,523 coronavirus cases, 345 deaths
Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology
Turkey reports 9,205 new COVID-19 cases, 2,683,971 in total
Iran, Russia emphasize need to coop. in agricultural sector
When will Georgia receive its first doses of the COVID-19 vaccine?
House poised to approve Biden's $1.9T coronavirus relief bill in Friday vote
Canada approves use of AstraZeneca COVID-19 vaccine
Azerbaijan discloses volume of liabilities of banks in Jan. 2021 accounting for deposits
Azerbaijan imposes restrictions on import of poultry meat from Estonian county
Amount of financial support of Kazakh manufacturing sector by Baiterek holding increases
Attracting FDI can help Georgia to boost exports of high-value food products - OECD
European Council extends mandate of special representative for South Caucasus
Kuwait reports 1,022 new COVID-19 cases, 189,046 in total
WHO says COVID-19 vaccine rollout in Africa has gathered steam
Armenia has always supported terrorism - MP
EU supports JCPOA commitments
Azerbaijan focused on rehabilitation, reconstruction of liberated lands - MP
Assistant to Azerbaijan's president talks country's success in int'l information field
Baku Stock Exchange to auction off Azerbaijani Central Bank's short-term notes
Azerbaijan records growth of GDP in non-oil sector over Jan. 2021
Azerbaijan discloses volume of fruits and vegetables exported since early 2021
Azerbaijan would like to bring new ideas, proposals to region with help of OSCE - MP
Uzbekistan, Tajikistan talk opening ground checkpoints
All Armenian prisoners of war have been returned to Armenia - Azerbaijani MP
President Aliyev makes phone call to President Erdogan
Number of electronic registrations of businesses in Azerbaijan growing
TikTok is more affordable with Azercell!
Etsy not thinking of accepting bitcoin right now
Kazakhstan, Azerbaijan reach agreement on drilling wells with Satti jack-up rig
Only close cooperation can help demilitarize South Caucasus region - Azerbaijani MP
Azerbaijan Caspian Shipping CJSC receives int'l certificate in use of specialized software
FAO outlines strategy for healthy and productive livestock in Europe, Central Asia
Azerbaijan's January 2021 revenues from exports to US increase over fourfold
Registration of new enterprises down in Georgia
We have created new realities, Armenia and other countries must reckon with it - President Aliyev
Azerbaijan's AzerGold, BUZ Consulting ink contract to acquire Microsoft license
Precious metal prices down in Azerbaijan
Azerbaijan's State Employment Agency opens tender on e-platform development
Azerbaijan holds minute of silence to honor Khojaly genocide victims
Turkmenistan's Turkmenhimiya extends tender for turnkey construction of plants
Putin discusses current situation in Karabakh with Russian Security Council members
Azerbaijan records decline in total assets of local banks for Jan.2021
CNPC in Turkmenistan opens tender for purchase of tubing, spare parts
TPP in Uzbekistan announces tender for construction of combined cycle unit
Iran launches telecommunication projects in Isfahan Province
Azerbaijani witnesses to Khojaly genocide recount tragic events - Trend TV (VIDEO)
Turkmenistan conducts exploration, drilling operations at fields in Caspian region
Portugal's 'Original Features' shoots film about Khojaly genocide (VIDEO)
China will extend tariff exemptions for 65 U.S. products
Azerbaijan reports 180 more COVID-19 recoveries
Russian state official stresses need to reveal out causes and culprits of Khojaly tragedy
Uzbekistan to increase number of facilities recording water based on 'smart water’ technology
Uzbekistan’s 2020 volume of foreign direct investments down
Nothing must divert involved sides from main task in Nagorno-Karabakh region - Russian MFA
Kazakhstan reports increase in agriculture yield year-on-year
Iran's export to Spain declines
EU overseeing several projects to reinforce renewable energy use in Georgia
Azerbaijani population honoring memory of victims of Khojaly genocide (PHOTO)
Despite events in Armenia, it's necessary to continue implementation of agreements on Nagorno-Karabakh - Russian official
Azerbaijan jointly with Turkey to improve gaming industry - Game Tech
Pfizer COVID-19 vaccine reduces transmission after one dose
India's April-Jan fiscal deficit hits 66.8% of full-year target
Azerbaijan discloses amount of compensations paid to depositors of closed banks
Turkmenistan, Russia considering co-op in construction, electrification of railways
EBRD reveals info on investments in Azerbaijani projects
Turkey to ask Russia for discount on natural gas imports
European Council President Charles Michel to visit Georgia
Spain lowers import of Azerbaijani crude oil
WB, BSEC and Georgia start consultations on 'blueing the Black Sea'
Azerbaijani ombudsman makes statement on 29th anniversary of Khojaly genocide (VIDEO)
There will be good opportunity for cooperation between our relevant agencies and international companies - President Aliyev
Azerbaijan issues data on 2020 oil export to Greece
France raises imports of Turkish made cars
All news