BAKU, Azerbaijan, May 12
By Jeila Aliyeva - Trend:
The development of the Dostlug field by Turkmenistan and Azerbaijan will allow exporting natural gas in the western direction, said Deputy Chairman of Turkmenistan’s Turkmengas State Concern Guvanch Agajanov, Trend reports.
Agadzhanov made this remark during the International Forum on Attracting foreign Investment in the oil and gas sector of Turkmenistan.
It became possible thanks to the signing of a memorandum of understanding between the governments of Turkmenistan and Azerbaijan. Thus, this document regulated the main points regarding the exploration, development and development of Dostlug.
Earlier, a Memorandum of Understanding between Azerbaijan and Turkmenistan on joint exploration, development of hydrocarbon resources of the Dostlug field in the Caspian Sea was signed on January 21, 2021.
As earlier Ambassador of Turkmenistan to Azerbaijan, Mekan Ishanguliyev told Trend, the joint Azerbaijani-Turkmen development of the Dostlug field on the basis of bilateral cooperation increases the interest for the field both commercially and technically.
As reported, President of Azerbaijan Ilham Aliyev and President of Turkmenistan Gurbanguly Berdimuhamedov held the videoconference meeting on January 21 in connection with the signing of a Memorandum of Understanding between Azerbaijan and Turkmenistan on joint exploration, development of hydrocarbon resources of the Dostlug field in the Caspian Sea.
"Thus, the modern infrastructure created in the Caspian Sea for the transportation of hydrocarbons will create favorable conditions for bringing the energy resources produced at the Dostlug field to the world markets," the ambassador added.
He also noted that the development of the field's hydrocarbon resources in the future may give an impetus to the construction of the Trans-Caspian Gas Pipeline to ensure access of Central Asian energy resources to the European market.
"Working on a joint project, such as Dostlug, represents a new pillar of cooperation that can be expanded to other areas," Ishankuliyev said.
The ambassador stressed that Azerbaijan and Turkmenistan are located in favorable places for trade between East and West, shipping routes through the Caspian Sea are currently expanding, and the parties have gained great opportunities as transit countries for goods traveling between China and Europe.
"The development of comprehensive cooperation between Turkmenistan and Azerbaijan, which have rich hydrocarbon resources, is of great importance not only for these countries but also for entire Central Asia, the Caspian, and the Caucasus regions."
This will lead to new major changes in the energy map of the region, the influx of large investments, the development of the economic situation in regional countries, the creation of new jobs, and, as a result, an increase in living standards. In this regard, the Dostlug field promises great prospects for the future development of not only Turkmenistan and Azerbaijan, but also in the whole region.
"The new volumes of natural gas and oil from the field will allow expanding the petrochemical industry of Turkmenistan and Azerbaijan. This is a very important agreement that opens the way for broad cooperation," the ambassador said, adding that currently, within the framework of the signed memorandum, working groups have been established between the relevant structures of the parties to implement this project and expand cooperation in the energy sector.
The work of the contact groups will lead to a new level of mutual cooperation, finding acceptable conditions for the further development of this area.
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