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Historic agreement on Caspian Sea co-operation between Azerbaijan and Turkmenistan
22 January 2021
After years of negotiations, Azerbaijan and Turkmenistan have reached a preliminary agreement on the joint exploration of a disputed section of an undersea hydrocarbons field in the Caspian Sea believed to hold extensive energy reserves. President Ilham Aliyev of Azerbaijan and Turkmen president Gurbanguly Berdymukhammedov, attended online the signing by their foreign ministers of a memorandum on the mutual intention to jointly explore and develop the Dostlug (Friendship) undersea field.