He made the remarks during a meeting with the President of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev who was participating in the Turkmenistan Oil and Gas Conference 2014.
Berdimuhamedov said that Turkmenistan remains committed to the traditional interstate agreements based on the unbreakable bonds of friendship and good neighborhood and the principles of equal mutually beneficial cooperation.
Abdullayev conveyed the greetings of Azerbaijani leadership and the wishes of prosperity to the friendly Turkmen people and further development of bilateral good neighborhood relations, according to TDH.
Berdimuhamedov, for his part sent best wishes to the leadership and people of Azerbaijan.
“The guest stressed that the openness of Turkmenistan’s foreign policy, the favorable investment climate create a reliable platform for developing fruitful relations in all spheres, including in the oil and gas sphere,” the report said.
During the meeting, it was noted that the current unprecedented growth of the export potential of Turkmenistan’s fuel and energy complex, strengthening of the international cooperation in this sphere, will allow to achieve the goals of the international community for the third millennium, according to the government`s message.
“In this context, Turkmenistan intends to use its huge hydrocarbon resources to the maximum, for the development of the national economy and to meet the common interests,” the message said.
SOCAR president, for his part, praised Turkmenistan’s initiative to create an international expert group under the UN auspices to work out a new international legal mechanism for ensuring the reliable and stable supply of energy to world markets, said the message.
The first meeting of the expert group scheduled for December 2014, will be an important step in its implementation which is in the interest of Azerbaijan as well, said TDH.
Turkmenistan is one of the key players in the energy market of Central Asia and the Caspian Sea region. The country has the fourth largest natural gas reserve in the world.
Azerbaijan, which has become an independent natural gas exporter to Europe, is also interested in offering transit, which can bring additional revenues to the country.
It was earlier reported that SOCAR is ready to offer a diversified system of oil and gas pipelines, infrastructure and other opportunities to Turkmenistan for the implementation of projects in the oil and gas sphere.
The construction of a 300-kilometer gas pipeline under the Caspian Sea to the coast of Azerbaijan is regarded as the best option for ensuring the delivery of Turkmen energy resources to European market. Further, Turkmen hydrocarbons can be delivered to Turkey, which borders the European countries.
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