Ashgabat, Turkmenistan, May 26
By Huseyn Hasanov - Trend:
Turkmenistan's parliament, the Majlis, reviewed and approved a draft decree on ratification of the agreement of Turkmenistan and Kazakhstan on Caspian Sea's delimitation between the two countries, Turkmen government said May 26.
The deal itself was inked November 7, 2014, to "ensure favorable conditions for realization of sovereign rights on the development and use of resources of the bottom and subsoil of the Caspian Sea."
The document expresses conviction that the agreement will facilitate to the further strengthening of the good-neighbourliness and the development of mutually beneficial and equal cooperation between the parties.
The document also said the bottom and subsoil of the Caspian Sea are delimited between the parties along the line, which is based on the median line taking into account the principles and norms of international law, as well as the parties' agreement.
The parties, in line with international and national environmental norms, requirements and standards, exercise sovereign rights within their sections of the bottom for the purpose of exploration, development and use of the resources of the bottom and subsoil of the Caspian Sea.
They also exercise sovereign rights for the laying of cables and pipelines under the Caspian Sea, the creation of artificial islands, berms, dams, piers, platforms and other engineering structures, as well as for carrying out other legitimate economic activities on the bottom.