Caspian Sea nations to meet to discuss dividing 'oil rich seabed'

Elias Hubbard
August 13, 2019

The energy-rich Central Asian nation of Turkmenistan is hosting an economic forum meant to bolster co-operation between Caspian Sea nations.

Today, on August 12, Medvedev will address a plenary session of the forum as well as will attend an worldwide exhibition of innovation technologies of the Caspian states, where Russian Federation will have an exhibition area.

"The signing of the convention was, without exaggeration, a historic event".

An exhibition of business and trade capabilities of the Caspian Sea littoral states was also held on the sidelines of this forum in which the exhibitors showcased their latest achievements and products.

The Russian prime minister noted that the discussion of economic and environmental issues related to the Caspian region should include challenges and threats that all Caspian states are facing. Among them is terrorism, drug trafficking, organized crime and uncontrolled migration.

The convention was signed by the five countries on August 12, 2018 following more than two decades of negotiations. An effort on drafting it had been underway since 1996.

According to reports, Iranian President Hassan Rouhani was scheduled to pay a visit to Russia this week upon the invitation of his Russian counterpart Vladimir Putin to attend the summit.

Other reports by Click Lancashire

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