Caspian Energy Investor ¹ 03 (236)     31 January 2007


ACCENT


  • AZERBAIJAN WILL NOT BE THE OIL-DEPENDENT COUNTRY - ILHAM ALIYEV, PRESIDENT OF AZERBAIJAN


    • President of Azerbaijan Ilham Aliyev took part in the traditional World Economic Forum Annual Meeting (Davos, Switzerland) which took place last week. ‘Energy – 2007: New Era of Oil Policy’ conference was held in the Congress-Center within the framework of the Davos Forum with participation of President of Azerbaijan Ilham Aliyev, U.S. DOE Secretary Samuel Bodman, Prime Minister of Ukraine Victor Yanukovich, the representative from Gazprom Alexander Medvedev, Executive Director of Shell Yerun van der Vir, Deputy Chairman of the National Board on reforms of development of the China’s People Republic, Tom Friedman from New York Times newspaper and representatives from ExxonMobil Corporation.

  • GAS COOPERATION BETWEEN AZERBAIJAN AND RUSSIA TO BE CONTINUED


    • TRADE REPRESENTATIVE OF THE RUSSIAN FEDERATION TO THE REPUBLIC OF AZERBAIJAN YURI SHCHEDRIN MEETS WITH COMPANIES OF THE CASPIAN INTEGRATION BUSINESS CLUB IN BAKU

    Today (January 25, Europe Hotel) Trade Representative of the Russian Federation to the Republic of Azerbaijan Yuri Shchedrin met with the companies-members of the Caspian Integration Business Club (CIBC) to discuss perspectives of cooperation between companies of the Caspian-Black Sea region, in particular between Azerbaijan and Russia. Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Azerbaijan Vassili Istratov took part in the meeting as an honorary guest.

    EXCLUSIVE


  • «ITS IS NECESSARY TO BOOST NUTUAL RELATIONS BETWEEN AZERBAIJAN AND RUSSIA» - VASSILI ISTRATOV

    •
    «The main potential for commodity turnover increase, and it is taken quite seriously in Azerbaijan, is that Azerbaijani enterprises may significantly raise their export to Russia. However, this potential is still unused», – says Vassili Nikolayevich Istratov, the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Azerbaijan, in his exclusive blitz-interview to Caspian Energy Investor.

    CASPIAN REGION


  • Kazakhstan

    •

  • UZAKBAY KARABALIN STATES TOP PRIORITIES OF KAZMUNAYGAZ’S FURTHER DEVELOPMENT

    •
    «By the results of 2006, NC KazMunayGaz AO’s oil and gas condensate production reached 9.551mln ton (showing a cumulative growth of 29% compared to 2002), hydrocarbons processing 3.746mln ton (65% growth), oil transportation via trunk pipelines 43.266mln ton (43% growth), gas transportation 121.4bn m3 (10% growth)», - said today (January 24) Uzakbay Karabalin, president of KazMunayGaz National Company.

  • Turkmenistan

    •

  • Russia

    •

  • RUSSIA CONCERNED IN CASPIAN SEA AGAIN

    •
    The oil pipeline installation along the seabed of Caspian Sea is not admissible in terms of ecology, says Amirhan Amirhanov, Deputy Director, State Environmental Policy Department, Ministry of Natural Resources of the Russian Federation.

  • Iran

    •

    GAS


  • RUSSIA SETTING UP GAS CARTEL

    •
    Russia is striving to negotiate the gas cartel setup with Algeria, says Andris Piebalgs, EU Energy Commissioner. The similar talks Russia is leading with Iran and Qatar

  • NEW OIL PRICE OF $232 FOR BYELORUSSIA DEFINED

    •
    Byelorussia agreed on Russian oil price with Russia’s oil companies. According to the new protocol signed between Belneftekhim concern and a number of Russian oil companies, including Rosnet, Russneft, TNK-BP and LUKoil, from February 1 oil for Byelorusia will cost $232/ton with account for duties collected at Russian border.

  • AZERBAIJAN’S PARTICIPATION IN NABUCCO PROJECT DISCUSSED

    •
    The future participation of Azerbaijan in NABUCCO was discussed January 25 at the meeting between Azeri Minister of Industry and Energy Natik Aliyev with the delegation headed by OMV’s CEO Wolfgang Ruttenstorfer in Baku. These issues have also been discussed at the meeting with SOCAR’s executives.

    MEP


  • BTC PIPING CAPACITY RAISED TO 50% OF DESIGN

    •
    500,000 barrels of Azeri Light Crude, produced from bloc of fields, “Azeri-Chiragh-Gunashli” (ACG) per day is piped via the main export pipeline, “Baku-Tbilisi-Ceyhan” (BTC). The daily oil piping volumes reach 550,000 barrels.

    TRANSPORTATION


  • Odessa-Brodi

    •

  • Burgas-Aleksandrupolis

    •

  • CPC

    •

  • Baku-Tbilisi-Kars

    •


    ECONOMY


  • PACE AGAINST USING ENERGY RESOURCES AS A POLITICAL TOOL

    •
    The Parliamentary Assembly of the CE called upon all countries-members not to use energy resources for political pressure.

  • AZERBAIJAN’S GDP UP 34.5 PERCENT IN 2006

    •
    The Gross Domestic Product (GDP) of Azerbaijan amounted to 17.7bn manat in 2006, up 34.5 percent over year.

  • CONSTRUCTION OF DUAL FUEL PLANT-2 TO BE LAUNCHED IN IIIQ

    •
    Selection of a general contractor for the dual-fuel plant-2 construction project on 400-MW Shimal electric power station has been postponed.

  • BAKU MODULE POWER PLANT PREPARED FOR TEST LAUNCH

    •
    Construction of Baku module power plant is in completion phase.

    SOCAR


  • Project


  • Drilling

    •


    CONSORTIA


  • Shah Deniz

    •

  • Guneshli

    •

  • Inam

    •


    COMPANIES




    WORLD MARKET


  • OPEC PERSIDENT CONSIDERS 455/BBL REASONABLE PRICE

    •
    The reasonable price of OPEC’s oil sorts is $55/bbl, Reuters reports quoting Mohammed al-Hamli, President of oil cartel. "We are not discussing the exact price yet, but every price near $55 (per 1bbl of OPEC’s oil) is reasonable", - said al-Hamli.