ECONOMY


AD HOC GROUP FOR DEFINING CASPIAN LEGAL STATUS TO HOLD ITS MEETING IN ASTANA

The next meeting of the ad hoc group for defining Caspian legal status will take place later this year in Astana, Kazakhstan.

According to Deputy Foreign Minister Khalaf Khalafov, representatives of Caspian nations will continue working on the convention on the Caspian legal status.

Khalafov said Azerbaijan, Turkmenistan and Iran would continue talks to determine borders.

Before the collapse of the Soviet Union, the Caspian legal status was based on the Iran-Soviet Union treaties. Given the previous accords did not provided for division of oil and gas fields, Caspian nations have to define the Caspian legal status themselves.

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