President of Turkmenistan Gurbanguly Berdimuhamedov and head of Russian Lukoil Vagit Alekperov discussed the development of oil and gas fields in the Caspian Sea during a meeting on Monday. As APA reports with reference to TASS, this was reported by the Turkmen news portal Orient.

According to news, the Turkmen leader at the meeting spoke about expanding the geography of international supplies of hydrocarbons, as well as about the directions of the country's energy policy, including stimulating investments in the infrastructure of the fuel and energy complex.

According to the portal, Alekperov informed Berdimuhamedov about the work that Lukoil is doing in the Turkmen sector of the Caspian Sea. The head of the Russian company also announced a number of proposals for participation in projects to diversify the hydrocarbon sector of Turkmenistan.

In October, Berdimuhamedov and Alekperov discussed "the development of hydrocarbon resources of the Caspian region."

As the Turkmen TDH news agency informed in February, Lukoil may take part in the development of the Dostlug (Friendship) field in the Caspian Sea. On January 21, Turkmenistan and Azerbaijan signed an intergovernmental memorandum on joint exploration and development of this field. The details of this document were not given. According to sources in Baku, the field was discovered in 1986 by Azerbaijani geologists. According to available estimates, its reserves may amount to about 50 million tons of oil.