The first Caspian Eeconomic Forum was held in Turkmenistan (2019)

Caspian forum has simplified the export from Turkmenistan

The first Caspian Economic Forum was held in Turkmenistan. It was attended by the heads of governments of five coastal countries, including Prime Minister Dmitry Medvedev. The Caspian economic forum is not only a platform for cooperation between the member States of the Caspian Convention, but also a driver for the development of new projects in the region.

The forum showed the interest of Rosneft, LUKOIL and Gazprom in the development of oil and gas projects in Turkmenistan. Cooperation between Russia and Turkmenistan in the field of fuel and energy is established both in a bilateral format and in a multilateral format in the CIS.

And in the near future, the banks of Russia, carrying out a full conversion of Turkmen manats, will allow buyers of the ProValue Industry Platform to more effectively supply Urea 46 and other mineral fertilizers, Sulfur, chemistry, Polyethylene and Polypropylene from Turkmenistan. Today, the export of these products is somewhat complicated for buyers paying in manats, not us dollars. Today, the export of these products is complicated for buyers who want to pay in manats, not us dollars.

Also at the forum, Russian Prime Minister Dmitry Medvedev said that the country will soon ratify the Convention on the legal status of the Caspian sea, which was signed in Kazakhstan’s Aktau on August 12, 2018, at the fifth summit of the leaders of the Caspian States.

Then the talks were attended by Vladimir Putin, at that time the leader of Kazakhstan Nursultan Nazarbayev, President of Azerbaijan Ilham Aliyev, Turkmen leader Gurbanguly Berdimuhamedov and head of Iran Hassan Rouhani.

The Caspian sea is located at the crossroads of continental routes. The territories of the Caspian countries have direct access to South Asia and the Asia-Pacific region – in the East; the Black sea and the Mediterranean sea – in the West; through Iran to the middle East – in the South; through Russia and further North to the Baltic sea coast.

This configuration has the potential to create sustainable routes for all the main four geographical directions.

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