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. Last Updated: 07/27/2016

Yeltsin Emerges for Oil Meeting

President Boris Yeltsin met with Turkmenistan's President Saparmurad Niyazov on Tuesday to discuss an agreement on developing Caspian Sea oil fields off the Turkmen coast.

The two leaders agreed that the Caspian's rich oil resources should be developed jointly, Yeltsin spokesman Sergei Yastrzhembsky told a news briefing also devoted to the question of Yeltsin's health.

They also agreed on the need to determine the legal status of the Caspian, he said. In addition to Russia and Turkmenistan, Kazakhstan, Azerbaijan and Iran also are on the sea.

Yeltsin and Niyazov discussed the possibility of increasing shipments of Turkmen natural gas to Russia and the further development of a project to create a north-south transport corridor, Yastrzhembsky said.

He said the two leaders also discussed a plan to build a natural gas pipeline from Turkmenistan to Pakistan via Afghanistan. But, he said, that would depend on achieving stability in the war-torn country.