{"id":11355,"date":"2021-01-21T13:36:27","date_gmt":"2021-01-21T13:36:27","guid":{"rendered":"https:\/\/www.radiofree.org\/?p=152862"},"modified":"2021-01-21T13:36:27","modified_gmt":"2021-01-21T13:36:27","slug":"azerbaijan-turkmenistan-finally-reach-deal-on-lucrative-caspian-sea-energy-field","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/21\/azerbaijan-turkmenistan-finally-reach-deal-on-lucrative-caspian-sea-energy-field\/","title":{"rendered":"Azerbaijan, Turkmenistan Finally Reach Deal On Lucrative Caspian Sea Energy Field"},"content":{"rendered":"
BAKU — Azerbaijan and Turkmenistan have reached a preliminary agreement on the joint exploration of a once-disputed section of an undersea hydrocarbons field in the Caspian Sea believed to hold lucrative energy reserves.<\/p>\n
The Azerbaijani Foreign Ministry said on January 21 that President Ilham Aliyev and his Turkmen counterpart, Gurbanguly Berdymukhammedov, supervised the online signing of a memorandum on the mutual intention to jointly explore and develop the Dostluq (Friendship) undersea field.<\/p>\n
The field used to be called Kapaz by Baku and Serdar by Ashgabat.<\/p>\n
The undersea field was discovered by Soviet explorers in 1986. Experts estimate that the Dostluk hydrocarbons field contains natural gas and at least 50 million tons of oil.<\/p>\n
For many years after the collapse of the Soviet Union, Baku and Ashgabat were at odds over the ownership of the undersea field.<\/p>\n
The settlement of the issue will help pave the way for a trans-Caspian pipeline — a multibillion-dollar plan to link Turkmenistan’s giant gas fields to Europe via Azerbaijan.<\/p>\n<\/div>\n\n