Region’s Energy Map to See Major Changes – Turkmen Envoy

BUSINESS TURKMENISTAN
Region’s Energy Map to See Major Changes – Turkmen Envoy
Ambassador of Turkmenistan to Azerbaijan Mekan Ishanguliyev (Photo: Trend)

The development of comprehensive cooperation between Turkmenistan and Azerbaijan, which have rich hydrocarbon resources, is of great importance not only for these countries but also for entire Central Asia, the Caspian and the Caucasus regions, the Ambassador of Turkmenistan to Azerbaijan Mekan Ishanguliyev told Trend news agency.

The diplomat noted that this will lead to new major changes in the energy map of the region, the influx of large investments, the further development of the economic situation in regional countries, the creation of new jobs, and, as a result, an increase in living standards.

The Ambassador stressed that Azerbaijan and Turkmenistan are located in favorable locations for trade between East and West, shipping routes through the Caspian Sea are currently expanding, and the parties have gained great opportunities as transit countries for goods traveling between China and Europe.

The diplomat also noted that the joint development of the Dostluk field's hydrocarbon resources in the future may give an impetus to the construction of the Trans-Caspian Gas Pipeline to ensure access of Central Asian energy resources to the European market.

Foreign Minister of Turkmenistan Rashid Meredov and his Azerbaijani counterpart Jeyhun Bayramov in January signed a Memorandum of Understanding between the Governments of the two states on joint exploration and development of hydrocarbon resources of the Dostluk field in the Caspian Sea.