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Today Az - Azerbaijan appoints new heads of executive authorities to Masalli, Lerik, Goygol districts [UPDATE]
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Today Az - Goygol: Azerbaijan s priceless treasure
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3 Feb in 7:00 TRT World
Last week Azerbaijan and Turkmenistan took concrete steps to end a three-decade long dispute over an offshore oil field in the Caspian Sea, TRT World reports in its article
The Azerbaijanis called the disputed oilfield Kapaz after Mount Kapaz located near the picturesque Lake Goygol outside Azerbaijan’s second largest city Ganja. The Turkmens called it Serder the Turkic transliteration of a Persian word meaning “commander”. Now, both countries have agreed to call the oilfield “Dostluq”, meaning friendship.
They also agreed to Dostluq’s joint development. While the oil field is not massive, it is still significant. It is estimated the field contains 60-70 million tons of oil, as well as significant reserves of natural gas. No details about how the profits will be divided have been made public but insiders close to the project tell me that Turkmenistan will get the largest share.