: :inin Kyiv (EET)

Azerbaijan-Turkmenistan energy deal unlocks new regional politics


LUKE COFFEY

The new tentative deal will allow both countries to explore lucrative deposits of energy beneath the Caspian Sea.

Last week Azerbaijan and Turkmenistan took concrete steps to end a three-decade long dispute over an offshore oil field in the Caspian Sea.

The Azerbaijanis called the disputed oilfield Kapaz — after Mount Kapaz located near the picturesque Lake Goygol outside Azerbaijan’s second largest city Ganja. The Turkmens called it Serder — the Turkic transliteration of a Persian word meaning “commander”. Now, both countries have agreed to call the oilfield “Dostluq”, meaning friendship.

They also agreed to Dostluq’s joint development. …read more

Source:: The Frontier Post

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