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