Caspian Energy Investor ¹ 15 (290) 23 april 2008
ACCENT
OUR OIL AND NATURAL RESOURCES POSITIVELY INFLUENCING OUR PEOPLE’S LIVES - ILHAM ALIYEV
«The state budget, State Oil Company and State Oil Fund have spent $900M+ to resolve social issues of refugees and IDPs», said President of Azerbaijan Ilham Aliyev during his visit to Fuzuli, Baylagan and Bilasuvar rayons.
SOFAZ INTENDS TO GAIN 10 BILLION AZN DURING 2008
This year the benefits of the State Oil Fund of Azerbaijan (SOFAZ) set up to accumulate major revenues from oil contracts are expected to grow up to 10 billion AZN. Starting from IIQ 2008 the share of Azerbaijan’s profit oil within Azeri-Chirag-Gunashli project sharply surged and amounted to 75% of revenues from ACG area’s development.
CIBC
PRIME MINISTER OF LITHUANIA GEDIMINAS KIRKILAS RECEIVES CIBC HONORARY MEMBERSHIP CERTIFICATE
The Caspian Integration Business Club took part in Azerbaijani-Lithuanian Business Forum that took place with participation of Lithuanian Prime-Minister Gediminas Kirkilas and, Minister of Economic Development of Azerbaijan Heydar Babayev.
EXCLUSIVE
LITHUANIA INTERESTED IN GAS SUPPLIES FROM AZERBAIJAN - VITAUTAS NAUDUZAS
“Many energy projects are now underway in Lithuania. The power industry is a number one sector in Lithuania because we implement lots of energy projects. For example many bridges are built in Azerbaijan along with implementation of numerous infrastructure projects. We are hardly able to realize energy projects without accession to the EU”, Vitautas Nauduzas, Deputy Minister of Economics, Republic of Lithuania told in the exclusive interview with Caspian Energy Investor.
WE SHALL MINIMIZE OUR RELIANCE ON SOYUZ – DR MICHAEL GRIFFIN
«Through 2011 NASA shall pay Russia as much as $780M for delivery of astronauts from the US and other countries to the International Space Station. We realize we shall minimize our reliance on Soyuz, but no options are still available. In this respect NASA requested the US Congress to approve a new transportation service agreement with Russia», said Dr Michael Griffin, NASA Administrator, in his exclusive interview with Caspian Energy Investor.
CASPIAN REGION
Caspian Sea Status
EXPERT SESSION ON CASPIAN SEA LEGAL STATUS DUE IN BAKU
During the session the special workgroup held on April 15-16, Tehran to work out a framework convention on the Caspian Sea legal status on the level of Deputy Ministers of Foreign Affairs the experts managed to proceed with coordination of Caspian Framework Convention’s text.
Kazakhstan
KAZAKHSTAN READY TO APPLY ADMINISTRATIVE SANCTIONS TO TENGIZ PROJECT PARTICIPANTS
Three largest fields of Kazakhstan now are in a sort of a triangle of national interests. Having solved the problem with Kashagan, the government reinforces its positions in Tengiz and Karachaganak. Now the Ministry of Environment of Kazakhstan is thinking to lay administrative fine on Tengizchevroil (TCO).
KAZAKHSTAN WORKS OUT LONG-RANGE ELECTRICITY TARIFF POLICY
The Ministry of Energy and Mineral Resources of Kazakhstan (MEMR) has worked out the long-range electricity tariff policy until 2015. This new strategy enables to increase investments in electricity and include investment expectations.
Russia
Turkmenistan
EUROPEAN COMMISSION READY TO SIGN A GAS MEMO WITH TURKMENISTAN
The European Commission has prepared a Memorandum of Understanding with Turkmenistan in the field of power industry, and gas supplies in particular. “EU Energy Commissioner Andris Piebalgs is any minute ready to leave for Turkmenistan with this document as soon as Ashgabat makes a call”, Pierre Morel, EU Special Representative for Central Asia, said late last week at Oil & Gas of Turkmenistan-2008 Conference, London.
Turkmenistan-Iran
Iran
Russia
GAS
USA SETTING UP A NEW STRUCTURE FOR GAS SUPPLIES FROM THE CASPIAN TO EU
Bush Administration in association with the Government of Turkey are setting up a new structure to supply natural gas to Europe, US Secretary of State Mrs Condoleezza Rice said in Washington.
MEP
SOCARMO AWARDS TENDER FOR SALE OF NEXT LOAD OF AZERBAIJANI OIL FROM CEYHAN
SOCAR’s Marketing and Economic Operations Department (SOCARMO) announced the winner of tender for sale of 2008’s third load of Azerbaijani oil from port of Ceyhan.
TRANSPORTATION
Baku-Supsa
Odessa-Brody-Gdansk
Odeessa-Brodi-Gdansk
CPC
TENDERS
MINISTRIES AND AGENCIES ISSUE TENDERS
A number of ministries, agencies and organizations in Azerbaijan and Turkmenistan have issued tenders for purchasing goods, materials, various spare parts, etc.
EXHIBITIONS
TOURISM AND TRAVEL AND HOTELEXPO EXHIBITIONS TAKE PLACE IN BAKU
The 7th Azerbaijan International Tourism and Travel and Azerbaijan International HotelExpo exhibitions took place in Baku
ECONOMY
INDUSTRIAL GROWTH IN AZERBAIJAN ACCOMPANIED WITH HIGH INFLATION RATE
AZERBAIJAN IS THE WORLD’S FIFTH BY INFLATION RATE – Chairman of State Statistics Committee
TELECOM
AZERBAIJAN TAKES PART IN CASPIAN TELECOMS 2008 EXHIBITION
The 7th Regional Turkey, Caspian, Black Sea, Central Asia and Russia (Caspian Telecoms 2008) took place in Istanbul on April 17-18. The exhibition/conference was organized by ITE Group PLC. Last year visiting the conference were 500 guests. The same year these guests shall be 600+. This year over 30 companies are official sponsors of Caspian Telecoms 2008.
SOCAR
Construction
Drilling
CONSORTIA
ACG
Yalama
COMPANIES
WORLD MARKET
OPEC’S SEC GEN SUGGESTS FURTHER OIL PRICE GROWTH
