Uzbekistan|business|May 22, 2017 / 09:38 AM
Uzbekistan, Turkmenistan to delevop fields in Caspian Sea

AKIPRESS.COM - caspian seaUzbekistan and Turkmenistan will develop fields in the Caspian Sea.

The national holding company "Uzbekneftegaz" and the state concern "Turkmennebit" signed a memorandum of understanding as a result of the talks of Presidents of the two countries in Turkmenistan's Avaza, Gazeta.uz reports.

The Office of the Uzbek President said the document proposes establishment of a mutual and long-term cooperation on a joint exploration and development of the fields in the Caspian shelf of Turkmenistan.

The two countries plan to extract hydrocarbon raw materials on the terms of the production sharing agreement.

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