A MEETING OF THE JOINT WORKING GROUP ON THE DEVELOPMENT AND APPROVAL OF AN AGREEMENT ON THE DOSTLUK FIELD IN THE CASPIAN SEA WAS HELD

Today, on January 27, the fourth meeting of the Joint Working Group was held to develop and approve an agreement between the Government of Turkmenistan and the Government of the Republic of Azerbaijan on joint exploration, elaboration and development of hydrocarbon resources of the Dostluk field in the Caspian Sea.

Members of the Working Group from the Turkmen and Azerbaijani sides attended the meeting that was held online.

During the meeting, the co-chairs of the Working Group made speeches, relevant information from the leaders of the Expert Groups was heard, and the draft protocol of the 4th meeting of the Joint Working Group was discussed.

The speakers noted with satisfaction the progress achieved in the joint work of the parties. As part of today's discussions, the parties also reached an understanding on the soonest agreement on the relevant annexes of the Joint Agreement.

Expert groups were instructed to intensify work on the preparation and approval of draft relevant documents affecting the interests of a potential contractor-investor.

Following the result of the meeting, the Protocol was signed.