Caspian Sea – the biggest inland waterway – has been in the focal point of debate for over two decades because of a trouble in conceding it the status of either lake or ocean.
At last, a milestone assertion was come to and the Convention on the lawful status of the Caspian Sea was marked by heads of Azerbaijan, Russia, Iran, Kazakhstan and Turkmenistan on August 12.
The marking of Convention on the legitimate status of the ocean, records on collaboration in the circles of the economy, transport, nature, and organic assets in the Caspian bowl fortified security and ensured peace in the area.
In the course of recent years, there have been endeavors to sow conflict among the littoral states and to transform the Caspian Sea into an open field for the military powers of nations not identified with this ocean. Be that as it may, because of the firm political will of the heads of Caspian littoral expresses, those endeavors were bound to disappointment.
With the marking of this noteworthy Convention, another period of huge travel, transport and calculated chances of Azerbaijan along the North-South and East-West halls has started. In addition, another page of collaboration with neighbors was opened.
Because of the summit, the Caspian Sea picked up an exceptional, novel status - it was announced neither lake nor ocean.
As indicated by the Convention, the surface is to be treated like an ocean, with states allowed purview more than 15 nautical miles of water from their coasts and angling rights over an extra ten miles.
Notwithstanding, the seabed and its stores are not dispensed in the exact frame. The depiction of the seabed, or, in other words, an oil and gas bowl, is yet to be characterized. This division is left to nations to concur on a reciprocal premise.
The tradition additionally allows the development of pipelines, which just require the endorsement of the nations whose seabed they pass, subject to ecological arrangements, and restricts non-Caspian nations from sending military vessels in the water.
The assurance of the since quite a while ago discussed status presented to Turkmenistan, whose recoverable stores are assessed at 17.5 trillion cubic meters of gas, one bit nearer to its fantasy – Turkmen gas coming to the 'old mainland'. Such vitality trade activity as the proposed Trans-Caspian Pipeline from Turkmenistan to Azerbaijan that would convey Turkmen gas to European markets presently has more opportunities to be actualized.
In spite of the fact that, a couple of issues on the oil squares possession and division of the seabed left, the principle record has set a reason for further work.
In this manner, Iran and Azerbaijan, which already had genuine differences over delimitation of the ocean and vitality collaboration, are required to together make utilization of the Caspian Sea's assets.
The bargain come to by the Caspian Five can be viewed as an extraordinary notable triumph of strategy which transformed vitality rich bowl into the ocean of peace, security and thriving. This is the situation when there are no washouts, however just victors.
Azerbaijan, as far as concerns its will increase tremendous advantages as a travel nation when oil is sent out from Central Asian countries by means of the Caspian Sea and may potentially gain admittance to another oil square, while fortifying relations with Russia, Iran, Kazakhstan, and Turkmenistan.
(According to www.azernews.az)
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