Turkmen President Gurbanguly Berdimuhamedov, who was on a state visit to Astana April 18-19, expressed the hope that the convention on the legal status of the Caspian Sea will be signed at another summit of the Caspian-littoral countries, to be held in Kazakhstan, the Turkmen Oil and Gas Complex said in a message Apr. 19.
According to the message, during the talks with his Kazakh counterpart Nursultan Nazarbayev, President Berdimuhamedov stressed that Turkmenistan and Kazakhstan are neighboring countries and cooperation in bilateral and multilateral formats is an important factor of turning the Caspian Sea into an area of peace, good-neighborliness, harmony and mutually beneficial partnership.
The experts estimate the total hydrocarbon reserves in the Turkmen sector of the Caspian Sea at 18.2 billion tons of equivalent fuel.
The EU, Azerbaijan and Turkmenistan are negotiating on the Trans-Caspian gas pipeline project, which could bring the Caspian resources to the European market.