Turkmenistan and Azerbaijan agree to settle oil field disputes.

Mar 16, 1999 01:00 AM

The presidents of Turkmenistan and Azerbaijan have agreed to settle all disputable issues in the development of Caspian oil fields in April. The agreement was reached in a telephone conversation.
Saparmurat Niyazov and Geidar Aliyev instructed working groups to boost the drafting of related documents to settle the problem of the Azeri and Chirag disputable fields in the Caspian Sea by drawing a medium line. The documents will be signed during a Turkmen visit of the Azeri leader.
The visit date will be set through diplomatic channels. The problem has hampered a project which enjoys a broad support of the U.S. administration.
The Azerbaijani president praised the initiatives of Turkmenistan aimed at the soonest fulfilment of the Trans-Caspian gas pipeline project. Back in February the American PSG company was named the leader of the gas pipeline consortium, and a framework agreement on the Turkmen gas supply to Turkey was signed in Ashgabat last week.
In the opinion of both presidents, the Trans-Caspian project will give a positive impetus to the bilateral relations and fill their partnership with a practical content.

Source: Itar-Tass
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