SOCAR President held talks with President of Turkmenistan

The president of Turkmenistan Gurbanguly Berdimuhammadov and the head of State Oil Company of Azerbaijan (SOCAR) have discussed different aspects of cooperation in strategic energy sphere during their meeting in Ashgabad, turkmenian Altin Asir TV channel reported.
“Both of Caspian countries, which are known for their big oil and gas fields, pay special attention to development of this sphere”, said in information.
“As it was underlined, two countries having colossal resources and economical potential are going to continue developing of traditional cooperation at the principles of equality and mutual benefit”, – Turkmen channel reported.
It was also mentioned that Turkmenistan and Azerbaijan are mutual-interested partners on international arena, making consolidate efforts in searches of optimal ways of actual problems’ solutions, including the special point – providing global energy security.
Talking about constructiveness of Turkmenistan strategy of creating a multivariate system of export pipeline, SOCAR head expressed “deep interest of his country in set economic ties’ steady build-up, which is aimed to support stable economic development of all the Caspian region”.
As TV reported, there was also discussion of cooperation within the confines of the widescale projects in Turkmenistan, demanded both in the internal and external market, including oil-gas processing and fuels and lubricants production areas, held during the meeting.
Recall that this is the second meeting of the head SOCAR with President Berdimuhamedov this year. Prior to this, FM of Turkmenistan visited Baku. The main theme of all these negotiations was the transportation of Turkmen energy resources to Europe via Azerbaijan, the possibility of building a trans-Caspian gas pipeline, settlement of the disputed oil fields in the Caspian Sea, and joint projects in the energy sector.
Based on estimates from the official media of both countries, the outcome of the negotiations suggests reaching agreements in principle.
In the case of settlement of the above problems, it will be possible to speak of a breakthrough not only in bilateral relations, but in a major change in the geopolitical situation in the Caspian region as a whole. So, connecting Turkmenistan with its huge reserves of gas and oil with the infrastructure of the Southern energy corridor would significantly strengthen the position of Turkmenistan and Azerbaijan on the world oil and gas markets, reported Turan News Agency.