Middle East Economic Survey

VOL. LII

No 31

3-Aug-2009

CASPIAN

Turkmenistan To Take Serdar/Kyapaz Dispute To ICA

Following 16 months of negotiations between Turkmenistan and Azerbaijan over the ownership of an offshore oil discovery, known as Serdar by Ashgabat and Kyapaz by Baku, Turkmen President Gurbanguly Berdymukhamedov has decided to take the case to the International Court of Arbitration (ICA) in Paris. On 24 July he announced on state TV: I have ordered Foreign Minister Rashid Meredov to...