0835 GMT October 16, 2018
In a press conference at the end of a meeting on the Caspian Sea in Moscow on Tuesday, Lavrov said that all the issues slated to be discussed during the meeting were dealt with and a draft agreement was prepared, irna.ir reported.
Today’s meeting paid a special attention to the Caspian Sea legal regime convention, Lavrov said, noting that the members came up with solutions to outstanding issues and prepared a document.
Text of the document will be edited in near future and translated into languages of the coastal countries, making it ready for signing, he said.
Tuesday's meeting was the Seventh Foreign Ministerial Summit of the Caspian Sea Littoral States, namely Russia, Iran, Azerbaijan Republic, Kazakhstan and Turkmenistan which focused on the sea’s legal regime.
Prior to the meeting, Russian Foreign Ministry said in a statement that the ministers will also discuss documents on the five states’ cooperation in various fields including economy, transportation, military navigation, fighting smuggling of goods, illegal fishing and ensuring security of shipping, among others.
The statement also pointed out that five foreign ministers are to deal with major regional and international developments.
In addition to its sensitive strategic location and linking littoral states, the Caspian Sea is the biggest sea on the earth with over 1,200 kilometers in length and 320 kilometers in width. Research studies suggest that the sea holds some 50 billion barrels of oil and 257 trillion cubic feet of natural gas.