Tokyo, 29 November, /AJMEDIA/
Azerbaijan and Turkmenistan have engaged in discussions regarding the joint development of the ‘Dostlug’ hydrocarbon field, AJMEDIA reports.
Azerbaijan’s Minister of Economy, Mikayil Jabbarov and SOCAR President Rovshan Najaf have met with Deputy Chairman of Turkmenistan’s’ Cabinet of Ministers Batyr Amanov, and his colleagues.
The discussions focused on key aspects of bilateral energy cooperation, encompassing ongoing collaboration in energy exchange and joint exploration of hydrocarbon resources at the ‘Dostlug’ field. Additionally, they explored SOCAR’s potential involvement in the development of other fields in Turkmenistan.
A memorandum of understanding between Azerbaijan and Turkmenistan for the joint exploration and development of hydrocarbon resources at the ‘Dostlug’ deposit in the Caspian Sea was signed on January 21, 2021. ‘Dostlug’ is the new name for the field, previously known as ‘Kapaz’ in Azerbaijan and ‘Sardar’ in Turkmenistan. Prior negotiations had been conducted for the joint development of this field.