The Turkmen-Azerbaijani Memorandum on the development of the «Dostluk» field in the Caspian Sea – in the mirror of the world media

11:03 01.02.2021 7291

https://www.oilgas.gov.tm/storage/posts/1553/original-160178a05a41ec.jpeg

 The leading foreign news agencies and industry publications aroused great interest in the signing of a Memorandum of Understanding between the governments of Turkmenistan and Azerbaijan on joint exploration, development and producing of hydrocarbon resources of the Dostluk field in the Caspian Sea.  Covering this event, foreign media emphasize its great international importance.

 «This document is aimed at strengthening cooperation and mutual understanding in the energy sector, disclosing the enormous mutual potential of the two largest energy powers, creating the most favorable conditions in the Caspian Sea region for the development of sustainable energy, a broad and mutually beneficial international partnership», - the international news agency  agency «Sputnik» (Russia), information and analytical website «Сommonspace.eu» (Netherlands), other world media says.

 “Economy, energy and international security – these topics became the main ones in the negotiations between Baku and Ashgabat”, - MIR 24 TV channel reports.

 «I would call today's document historical, because for the first time Azerbaijan and Turkmenistan are embarking on joint work on the development of a field in the Caspian Sea, which will bring our countries and peoples even closer and bring mutual benefit», - the Turkish news agency «Anadolu» quoted President Ilham Aliyev's saying.  The publication also notes that the energy agreement between Azerbaijan and Turkmenistan was welcomed by the Turkish Foreign Ministry and the Cooperation Council of Turkic-speaking States.

 «The agreement is expected to help advance the Trans-Caspian pipeline project, a multi-billion dollar plan to connect Turkmenistan's giant gas fields with Europe via Azerbaijan», - «Agence France-Presse» (AFP) said.

Robert Cutler, director of NATO's Energy Security Program, said the Dostluk agreement removed the last obstacle «in the way of the Trans-Caspian pipeline,» the newspaper notes.  At the same time, the importance of the Convention on the Legal Status of the Caspian Sea, which Azerbaijan, Iran, Kazakhstan, Turkmenistan and Russia signed in 2018, was emphasized.

 The news that Turkmenistan and Azerbaijan will jointly develop the Caspian Dostluk field, articles and comments on this topic were published on their websites by Oil & Gas Journal, Upstream, Oil and Capital, Oil and Gas Information Agency, REGNUM, CentralAsia.news, Neftegaz.RU, Oil and Gas Vertical, Business Kazakhstan, China Petrochemical, International Energy Network, many other authoritative international publications in Russia, USA, Great Britain, France, China,  Norway and other countries.

 Azerbaijan's Trend agency quotes Francis Perrin, senior researcher at the Center for New South Policy (PCNS, Rabat) and the French Institute of International and Strategic Relations (IRIS, Paris), that «the agreements reached have become an important step in the development of new hydrocarbon fields in the Caspian sea».

 According to the expert, this may contribute to the advancement of the Trans-Caspian pipeline project.  Apart from Dostluk, one of the main advantages of this pipeline scheme will be the connection of Turkmenistan, which controls huge gas reserves, to the European market via Azerbaijan.  The European Union is trying to diversify its sources of gas supplies, and the Caspian Sea region is part of this strategy.

Other articles
162be918b629fb.jpeg
Oil prices fall and end the week in the red, Brent - $108.84 per barrel

Oil prices fall on Friday, ending the week with a decline amid fresh signals that the US economy is slowing down and demand for energy resources may decline, Interfax reports.


162be912904822.jpeg
Raisi: Iran is ready to continue sending Turkmen gas in a swap to Azerbaijan

Iran is ready to continue sending Turkmen gas to Azerbaijan through its territory. Iranian President Ebrahim Raisi stated this on Wednesday at a meeting with President of Turkmenistan Serdar Berdimuhamedov, the Iranian news agency IRNA reported.


162be9de2a23f2.jpeg
Turkmen-Vietnamese business forum aims to realize the potential of bilateral cooperation

On June 29, the capital of Vietnam hosted a Turkmen-Vietnamese business forum aimed at developing new solutions and approaches to realizing the potential of bilateral cooperation and building up trade and economic relations between Turkmenistan and Vietnam. This is reported by the website of the Foreign Ministry of Turkmenistan.


162c28587d628b.jpeg
Turkmenenergo will sign a contract with a Turkish company for the construction of the first solar-wind power plant in Turkmenistan

The State Electricity Corporation «Turkmenenergo» will conclude with the company «Çalik Enerji Sanaýi we Tijaret A.Ş.» (Turkey) contract for the design and construction of a solar and wind power plant with a capacity of 10 MW. The corresponding Resolution was signed by President Serdar Berdimuhamedov.