Published: Wed, August 15, 2018
Global News | By Stacy Ballard

1st LD: 5 states sign pact for shared use of Caspian Sea

1st LD: 5 states sign pact for shared use of Caspian Sea

Before heading to Aktau, Iranian President Hassan Rouhani said under the convention, all legal issues of the sea should be implemented through the consensus of the five littoral states, stressing that the agreement did not include dividing the waters.

Rouhani said that by signing of convention, a new step has been taken to improve relations among the five littoral countries.

"Relations of Iran with Turkmenistan, Kazakhstan, the Russian Federation and Azerbaijan have always been friendly and close and this is the main factor for signing such agreements", he continued.

Speaking after the signing on Sunday, all five leaders praised it as historic event, but provided little detail about provisions on splitting the seabed.

The legal status of the Caspian Sea, the world's largest inland body of water, had been unresolved since the 1991 collapse of the Soviet Union.

Khamenei Acknowledges Iran's Problems 'Internal,' Not Purely U.S. Sanctions
The 2015 agreement placed tight controls on Tehran's nuclear program in exchange for the lifting of worldwide sanctions. He said the deal was not working and also has said Iran must stop meddling in conflicts in Syria and Yemen.


The countries of the "Caspian Five" (Russia, Azerbaijan, Iran, Turkmenistan and Kazakhstan) signed a convention on the legal status of the Caspian Sea on 12 August at a summit in the Kazakh city of Aktau. It also allows each to lay pipelines offshore with consent only from the neighboring states affected, rather than from all Caspian Sea nations.

Another issue is that the Caspian Sea is rich in oil and gas.

The leaders of Iran and 4 former Soviet nations reached an agreement in Kazakhstan on Sunday during the 5th round of an ad hoc convention.

Putin also praised this clause, saying it would help "ensure the peaceful status of the Caspian Sea".

If it was termed a sea, it would be covered by the global maritime law, namely the United Nations Law of the Sea. Only the seabed shall be delineated into sectors, as per sea principles.

Brendan Rodgers 'saddened' by Dedryck Boyata situation
Dedryck did not feel well, that's why we did not stay, but if Brendan Rodgers wants to reach me, he can always do that'. The Hoops need to score against AEK Athens having drawn the first leg 1-1 at Celtic Park.


The question whether the Caspian Sea is an ocean or a lake is set to determine the future of the vast body of landlocked water.

It's estimated there are 50 billion barrels of oil and almost 8.4 trillion cubic metres of natural gas beneath its seabed.

Between 80 and 90 percent of the world's caviar is sourced from the Caspian, but the numbers have been falling over the past few decades.

However, with offshore Caspian oil and gas production already nearly at 2 million barrels of oil equivalent per day, the impact from new fields - if and when disputes about their ownership are settled - might be limited.

One of those is a pipeline across the Caspian which could ship natural gas from Turkmenistan to Azerbaijan and then further to Europe, allowing it to compete with Russian Federation in the Western markets.

Auto crashes into barriers outside Houses of Parliament, driver arrested at scene
The suspect has been identified as a black man in his 20s who was reportedly driving a Ford Fiesta at the time of the incident. Three people were killed and dozens wounded by a lone attacker near Britain's Parliament in London in March previous year .


Nazarbayev said the convention allows for the construction of underwater oil and gas pipelines as well as setting national quotas for fishing and forbids any foreign military presence.

Like this: