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Five countries bordering the Caspian Sea met to split up its oil riches

Associated Press
Five countries bordering the Caspian Sea met to split up its oil riches

Five countries surrounding the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region’s oil wealth. Last year, the leaders of Russia, Iran, Azerbaijan, Turkmenistan and Kazakhstan signed a convention aimed at ending decades-long uncertainty over exploitation of its resources. Russia and Iran are yet to ratify last year’s agreement.