The Caspian Sea is located at the crossroads of continental routes, quoting a speech made by the Turkmen President Gurbanguly Berdimuhamedov at the Caspian Economic Forum in Awaza.
Of the three energy-rich post-Soviet states besides Russia that border the Caspian Sea - Azerbaijan, Kazakhstan and Turkmenistan- Turkmenistan constitutes the regional “wild card” in terms of its direction as an external energy supplier as its foreign policy orientation is not as clearly defined as those of the other two states. Azerbaijan has proven itself to be an ally of the United States and Israel, planting it rather firmly in the Western camp, while Kazakhstan, despite its multi-vector foreign policy and friendly relations with the United States, maintains close ties with the Russian Federation, both in terms of ethno-linguistic ties, as well as within the more formally-binding structures of the Collective Security Treaty Organization (CSTO), the Shanghai Cooperation Organization (SCO) and the Customs Union of Belarus, Kazakhstan and Russia.
The acting Minister of Oil and Gas and Mineral Resources of Turkmenistan, Kakageldi Abdyllaev, commented on the situation around Turkmenistan’s activities at Serdar field.
The Caspian nations have reiterated pledges to solve their differences later this year ahead of the Caspian summit in Moscow, but they apparently continued to disagree on a number of key issues. During a meeting in Baku on April 26 – 27, representatives of the five countries that border the Caspian Sea (Azerbaijan, Kazakhstan, Iran, Russia and Turkmenistan) made yet another attempt to reach an agreement on the Caspian’s division.
The presidents of the Caspian states of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan agreed on Thursday to take steps to resolve the long-standing dispute over the Caspian Sea delimitation.
Russian gas giant Gazprom and Azerbaijan's state oil and gas company will sign a deal to increase supplies of Azerbaijani gas to Russia in 2011-2012 during the Russian president's visit to Baku on Thursday, RIA Novosti reported.
While oil exploration company RWE Dea often drills in the sands of Libya or under the waters of the Caspian Sea, a new project has the company looking for the black gold in a pine forest in Northern Germany.
Gazprom and Rosneft are accelerating exploration efforts in Central Asian onshore projects. Their experience may show that interesting opportunities exist away from the Caspian Sea oil and gas fields, where most of the business focuses on.
Turkmenistan’s pledge to take Azerbaijan to court over the two countries’ rival claims to Caspian Sea oil fields has sparked more confusion than anger in Baku. Some Azerbaijani experts even believe that an international arbitration hearing could prove the best way to resolve a long-standing energy dispute.
Russian Prime Minister Vladimir Putin will discuss with his Turkish counterpart economic and regional issues, European security and the Nagorny-Karabakh dispute at a meeting in Sochi, a government source said on Saturday.