ASHKHABAD -- Armenian President Robert Kocharyan said his country is ready to cooperate with Turkmenistan to develop its hydrocarbon deposits in the Caspian Sea.
Kocharyan, who is in Turkmenistan on an official visit, held talks with Turkmen President Saparmurat Niyazov. They instructed members of the joint economic commission to prepare a program of bilateral cooperation in this field.
Another area of cooperation, which both presidents termed as promising, is the creation of a single energy system that will cover Turkmenistan, Iran and Armenia.
Armenia generates its own electrical energy, but its transfer from one country to another at peak periods will ensure reliable operation of the energy systems of all three neighboring states, Kocharyan said.
Future areas of cooperation are stated in the joint communique issued by the sides.
Kocharyan and Niyazov also signed the treaty on legal assistance and legal relations in civil, family and criminal cases and a memorandum on the restructuring of the remaining part of Armenia's debt for Turkmen gas supplies in 1994-1995.
(ITAR TASS-IRNA)