Kazakhstan: Five States Sign Caspian Legal Status Agreement
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The presidents of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan signed a convention on the legal status of the Caspian Sea during a summit in the Kazakh city of Aktau on Sunday.
The agreement regulates the legal status of the body of water and the rights of the five Caspian Sea countries. The convention clarifies that surface water will be for common use for each of the countries, while the seabed and subsoil will be divided up in accordance to the international legal framework.
According to the Kremlin, the five countries have been working on an agreement since 1996.
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