The Iranian foreign minister welcomes oil cooperation in the area but believes it of primary importance to agree upon common territories and territories of each state.

At the second Caspian oil and gas trade and transport conference in Baku, Darbayev said that the further arrangements to be held in near future are signing of intergovernmental agreements and an agreement on establishment of a joint venture.

Joining the project Azerbaijan will obtain several advantages. One of them is the maximizing the diversification of gas export portfolio. Moreover, Azerbaijan will acquire the first profit from sale of gas and service for its transportation, Mitchek said.

”Azerbaijan is an important partner for the United States”, said Reuben Jeffery, US Under Secretary for Economic, Energy and Agricultural Affairs, who is on a visit to Baku, APA reports.

“Kosovo should not be seen as a precedence case at all and especially not for Nagorno-Karabakh,” Peter Schieder, honorary president of the Parliamentary Assembly of the Council of Europe told APA.

The report covers political prisoners and freedom of speech and press. “Ago” group stressed the importance of amendments to the Electoral Code and added that the work with Venice Commission in this direction was underway. The group took into account of problems of NGOs with freedom of assembly and called Azerbaijani Government to adopt this decision soon. “Ago” Group is anxious about hunger strike gone by imprisoned journalists and called Azerbaijani Government to be sensitive on the freedom of speech. Moreover, the document envisages independence of National Television and Radio Council. “Ago” Group estimated reforms taken on personnel in Court system.

Beginning oil production on the Guneshli field will provide the opportunity to increase the gross volume of production in the contracted area Azeri-Chirag-Guneshli up to 1mln barrels of oil per day in 2008. The key volume of the oil production from Azeri-Chirag-Guneshli is being exported via Baku-Tbilisi-Ceyhan.