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By Vladimir Radyuhin
MOSCOW: The first ever summit of the five nations bordering the Caspian Sea ended on Wednesday without agreement on how to divide its oil and gas riches, but set in motion a negotiating process to resolve the problem. The Presidents of Russia, Turkmenistan, Kazakhstan, Azerbaijan and Iran, meeting in Ashgabat on April 23-24, failed to sign a joint declaration on general principles of carving up the Caspian Sea, which had been drafted by experts overnight. Turkmenistan's President, Saparmurat Niyazov, who hosted the summit, said the draft was too empty to be signed by the presidents.Russia, Kazakhstan and Azerbaijan want the seabed to be split along a median line into national sectors, corresponding roughly to the length of each country's shoreline. However, Iran, which would get a 14-per cent share under this dispensation, insists on all the five littoral states to get a 20-per cent share. Iran had enjoyed equal access to the Caspian Sea resources with the Soviet Union before the latter collapsed ten years ago. Turkmenistan is still undecided. Speaking at the summit the Russian President, Vladimir Putin, favoured a step-by-step bridging of differences by tackling first such issues as fishing, ecology and navigation.
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