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ASHGABAT (TCA) — Azerbaijan is Turkmenistan’s main neighbor in the Caspian Sea region, Turkmen President Gurbanguly Berdymukhammedov said during his official visit to Baku on August 8, the State News Agency of Turkmenistan reports. During his talks with Azeri President Ilham Aliyev, Berdymukhammedov spoke about transport initiatives in the Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey and Turkmenistan-Azerbaijan-Turkey formats. Turkmenistan also welcomes the project of Baku-Tbilisi-Kars transport corridor that will connect the railway networks of Azerbaijan, Georgia and Turkey. This project that will promote the development of trade in the region is now close to completion. Berdymukhammedov noted that in January-June 2017, trade between Turkmenistan and Azerbaijan had increased up to 40 percent as compared to the same period of 2016, saying that the existing mutual opportunities had not been used in full and the current level of the trade partnership does not reflect the real potential of the two countries. Berdymukhammedov emphasized that Turkmenistan and Azerbaijan need to launch large-scale projects of industrial cooperation, interaction in the services and agricultural sectors. The President of Turkmenistan also suggested intensifying the partnership between the business circles of Turkmenistan and Azerbaijan, by opening of Trade Houses in Baku and Ashgabat and establishing a Turkmenistan-Azerbaijan Business Council.
ASTANA (TCA) — With the commissioning of the Baku-Tbilisi-Kars railway line this year, cargo from China will be transported through Kazakhstan along a shorter route to Turkey and on to Europe. This was said during a working trip to Azerbaijan and Georgia by Kanat Alpysbayev, the head of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ), the company’s press service reported on July 25. Alpysbayev visited the objects of the Baku-Tbilisi-Kars railway line, whose commissioning is planned for October this year. Continue reading
ASHGABAT (TCA) — A trilateral meeting between Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, and Turkmenistan President Gurbanguly Berdymukhammedov will take place in Turkmenistan before the end of this year, Turkish Ambassador to Turkmenistan Mustafa Kapucu said, Russia’s Sputnik news agency reported. Continue reading
LONDON (TCA) — A fair division of the Caspian seabed including exploitation rights has been subject to debate for a quarter of a century now, with time and again the governments of littoral states — Azerbaijan, Iran, Kazakhstan, Turkmenistan, and Russia — assuring that they were on the brink of clinching a comprehensive agreement. At the bottom of the dispute is the question whether or not the Caspian waters should be seen as a lake or a sea. In the former case, international law requires a convention signed by all littoral states, dividing the entire waterbed into sections. The sea-option prescribes that each coastal state has authority over the waters down to 20 nautical miles from the shore, beyond which navigation is free and fishing and other exploitation rights should be either unlimited or defined by either bi- or multilateral agreements. Continue reading
BISHKEK (TCA) — Different opinions between the five littoral states of the Caspian Sea — Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan — have for many years blocked energy projects and other initiatives planned without the participation of Russia. A proposed agreement announced in January did not materialize and now the littoral states are finding alternative ways directing their traffic to other carriers and ports. The following article by Paul Goble, entitled ‘Collapse of Russian Shipping in the Caspian Puts Moscow’s Regional Strategy at Risk’, originally published by The Jamestown Foundation’s Eurasia Daily Monitor, explains the ongoing situation at various ports and the great decline in traffic through the Russian ports: Continue reading
BISHKEK (TCA) — The three hydrocarbons-rich Caspian Sea states of Azerbaijan, Kazakhstan and Turkmenistan offer an increasingly attractive proposition to companies affected by the slowdown in oil and gas projects activity in the Gulf Cooperation Council (GCC) region, according to new data released by MEED Projects on May 20. Continue reading
