Turkmenistan and Azerbaijan agree on oil field

RUSSIA / FSU POLITICS - In Brief 22 Jan 2021 by Alex Teddy
On January 21 the two nations signed an agreement on an oil field under the Caspian Sea. The memorandum of mutual intention agrees to develop the Dostluq Undersea Field. The two nations used to have separate names for it but they have agreed on Dostluq now. It is believed to hold over 50 million tons of oil and some natural gas, too.A pipeline under the Caspian can now be built. Turkmenistan would like to be able to export its hydrocarbons via that.

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