Azeri lawmakers ratify pact to demarcate Caspian Sea

Dec 15, 2003 01:00 AM

The Azerbaijani parliament unanimously ratified an agreement with neighbouring Russia and Kazakhstan on demarcating their borders in the resource-rich Caspian Sea proportionately, according to the length of each state's coastline.
The inland Caspian Sea, also bordered by Iran and Turkmenistan, is believed to contain the world's third-largest oil and gas reserves. Iran has resisted efforts to come to a general agreement establishing the borders, since with the shortest coastline it would be left with the least resources. Turkmenistan hasn't taken a firm stand.

The Azerbaijani parliament also agreed by a vote of 97-0 to ratify a similar, separate protocol to a bilateral agreement with Kazakhstan, setting the longitudinal and latitudinal coordinates of the borders.

Source: AP
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