Azerbaijani parliament approves MoU on Dostlug field

  23 February 2021    Read: 870
 Azerbaijani parliament approves MoU on Dostlug field

Azerbaijani MPs discussed Tuesday the Memorandum of Understanding between Azerbaijan and Turkmenistan on joint exploration and development of hydrocarbon resources of the “Dostlug” field in the Caspian Sea, which was signed on 21 January 2021 in Ashgabat.

The MPs emphasized the importance of the memorandum, noting that the document will contribute to the development of cooperation between Azerbaijan and Turkmenistan.

Following the discussions, the document was put to a vote and approved.

Within the future agreement, the resources of the field will be distributed between Azerbaijan and Turkmenistan in the ratio of 30 to 70 percent, respectively. A joint working group will be set up to prepare an agreement in the near future.


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