Cooperation among Caspian littoral countries is developing very dynamically, in the spirit of mutual understanding and mutual support, which resulted in the signing of the Convention on the Status of the Caspian Sea, Azerbaijani President Ilham Aliyev said at a meeting with his Turkmen counterpart Gurbanguly Berdimuhamedov via video conferencing.

The Memorandum of Understanding between the Government of the Republic of Azerbaijan and the Government of Turkmenistan on joint exploration and development of hydrocarbon resources of the “Dostlug field” in the Caspian Sea was signed during the meeting.

The Azerbaijani president praised the good willingness and political determination of the Caspian countries.

The head of state recalled that after many years of discussion, the Convention, which opens up new opportunities for countries to develop energy resources, as well as joint activities to protect the Caspian, was agreed.

“Through a joint effort, we must continue to do everything to protect this unique reservoir, which brings so many benefits to our peoples. Today, watching the signing, I thought that our ancestors, probably, if they saw this ceremony today, would be happy today. Their souls will be pleased, so to speak. They would be proud of us for the fact that two fraternal peoples go hand in hand, shoulder to shoulder today, confidently support each other, cooperate for the good and for the future of their peoples, thereby ensuring the progressive development of our countries for many years and decades to come,” he added.