It was also noted that the perfection of cooperation on the Caspian
Sea including its ecological conservation, pleasantly affects the social growth, stability and economic integration.
Recognized that the Agreement between the Governments of the Caspian
Littoral States on Trade-Economic Cooperation and the Agreement between the Caspian
Littoral States on Cooperation in the field of Transport contribute to further strengthening and development of collaboration between the littoral states in the economic sphere;
The initiative to hold the First Caspian
Economic Forum in Turkmenistan was put forward by Pesident Gurbanguly Berdimuhamedov at the V Summit of the Heads of the Caspian
Littoral States in Aktau, Kazakhstan.
The prime minister added that Russia will soon ratify the convention on the legal status of the Caspian
The agenda of the forum includes the creation of conditions for big projects, discussion on the role of the economy of the Caspian
region in a global context, investment attractiveness in the oil and gas, power, transport, trade, agro-industrial, tourism and other sectors of the economy of the Caspian
countries of mutual interest.
Focusing on energy swap operations across the Caspian
Sea is much more cost-effective than extracting oil and gas from its deepwater hydrocarbon deposits, the report says.
Representatives from Russia, Azerbaijan, Turkmenistan, and Kazakhstan joined their Iranian counterparts in Tehran to attend the 4th meeting of the littoral states of the Caspian
Sea on the protocol for maritime safety in the water body.
The Minister said the convention signed by the Caspian
Sea states proclaims the Caspian
Sea a zone of peace, good neighborhood, friendship and cooperation.
In general, over the past 21 years, several meetings have been held on the Caspian
Sea and how the coastal countries should be benefited from its resources.
Talks in the port city of Aktau should help ease tensions in a militarised region where the legal limbo has scuppered lucrative projects and strained relations among nations along the Caspian
's 7,000-kilometre (4,350-mile) shoreline.
Cal and his brother brainstormed over a name for Cal's company and settled on Caspian
Arms Limited, since it spelled out his name, had a nice ring, and incorporated the name of a pristine lake not far from his Vermont factory.
Rahimpour said the summit of the heads of Caspian
Sea countries in Astrakhan was fruitful, adding that this was one of the most effective meetings held in recent times.