The development of the Dostluk field may be the beginning of the implementation of the Trans-Caspian gas pipeline project, IA believes Neftegaz.RU , responding to a message from the Turkmen Foreign Ministry that its head Rashid Meredov held talks with Azerbaijani President Ilham Aliyev in Baku and the Minister of Economy of the Republic Mikail Jabbarov.

"A number of experts do not rule out that an intergovernmental agreement on joint Turkmen-Azerbaijani development of the Dostluk oil and gas field in the Caspian Sea may be signed at the upcoming 3-party summit on December 14," the agency writes, referring to the meeting of the presidents of Turkmenistan, Azerbaijan and Turkey in Avaza next week.

The Dostluk offshore field is located on the maritime border of Azerbaijan and Turkmenistan. It was discovered in 1986. According to various estimates, oil reserves are about 60 million tons, natural gas - 100 billion m3.

The ownership of the deposit has been a subject of dispute for a long time. In January 2021, Turkmenistan and Azerbaijan signed a memorandum of understanding on joint exploration, development and development of the Dostluk hydrocarbon field in the Caspian Sea.

The Azerbaijani Parliament ratified the MoU in February 2021, Turkmenistan - in March 2021.

LUKOIL expressed its intention to participate in the development of the Dostluk field in February 2021. In September of the same year, Vagit Alekperov recalled that LUKOIL has the strongest positions in the Caspian Sea among Russian companies, and he is interested in developing Dostluk.

ORIENT news