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BAKU, Azerbaijan, November 28. Azerbaijan and
Turkmenistan have engaged in discussions relating to the joint
improvement of the ‘Dostlug’ hydrocarbon subject, Pattern experiences.
Azerbaijan’s Minister of Financial system, Mikayil Jabbarov and SOCAR
President Rovshan Najaf have met with Deputy Chairman of
Turkmenistan’s’ Cupboard of Ministers Batyr Amanov, and his
colleagues.
The discussions centered on key elements of bilateral vitality
cooperation, encompassing ongoing collaboration in vitality change
and joint exploration of hydrocarbon assets on the ‘Dostlug’
subject. Moreover, they explored SOCAR’s potential involvement in
the event of different fields in Turkmenistan.
A memorandum of understanding between Azerbaijan and
Turkmenistan for the joint exploration and improvement of
hydrocarbon assets on the ‘Dostlug’ deposit within the Caspian Sea
was signed on January 21, 2021. ‘Dostlug’ is the brand new title for the
subject, beforehand often known as ‘Kapaz’ in Azerbaijan and ‘Sardar’ in
Turkmenistan. Prior negotiations had been performed for the joint
improvement of this subject.
This oil and gasoline subject, as assessed by SOCAR, may have its
reserves confirmed utilizing trendy seismic exploration strategies and
probably exploratory drilling. Addressing quite a few technical and
business concerns is important for the continuing improvement
of this subject.
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