Caspian Energy Investor ¹ 03 (278) 24 January 2008
ACCENT
AZERBAIJAN, TURKMENISTAN READY TO COOPERATE
THE PARTIES RESOLVED TURKMEN GAS DEBT ISSUES AND ARE EAGER TO SETTLE THE CASPAIN SEA STATUS
After long years of downtime, Azerbaijan and Turkmenistan are reviving their economic cooperation. The first meeting of Azerbaijani-Turkmen intergovernmental economic cooperation commission (January 17, Ashgabat) ended by signing the bilateral protocol. The parties settled the issue of debts for Turkmen gas supplies to Azerbaijan in 1993-95, discussed extending cooperation in energy industry, and stated the countries’ interest in installing fiber-optic cable between the EU and India/China. In general, mutual relations at the new stage can be considered a new turn of activities. To reach full mutual understanding between the parties, they also shall settle the Caspian national sectors division issue. In the follow-up of the meeting it was clear the parties are close to the solution.
EXCLUSIVE
INVESTMENT FLOWS INTO OUR ECONOMY WILL INCREASE AS SOON AS AZERBAIJAN JOINS WTO - MAHMUD MAMMADGULIYEV
“The organization of the fifth official Workgroup’s session in Geneva is now underway. The WTO Secretariat has received Azerbaijan’s responses to such questions as antimonopoly and tariff regulation, licensing, industrial funding as well as get informed of the situation with bringing the national legislation in compliance with WTO requirements”, Azerbaijan’s Deputy Foreign Minister Mahmud Mammadguliyev said in the exclusive interview to Caspian Energy Investor.
CASPIAN REGION
Kazakhstan
KAZAKHSTAN DEVELOPS ENERGY-SAVING TECHNOLOGY
KAZAKHSTAN’S PM DOES NOT RULE OUT INCREASING FEES FOR NATURAL MONOPOLIES SERVICES
Kazakhstan, with its huge energy deposits, is going to develop energy-saving technology. In this connection, Kazakh PM Karim Masimov assigned studying the possible revisions to the Tax Code in order to stimulate investments in energy-saving technologies. He did not rule out the possibility of increasing the fees for services of natural monopolies from April 1.
Turkmenistan
Turkmenistan-Russia
Turkmenistan-Iran
Iran-Russia
Russia
GAS
SOUTH STREAM STRETCHES TO BULGARIA
RUSSIA AND BULGARIA SIGN AGREEMENT FOR CONSTRUCTION OF SOUTH STREAM GAS PIPELINE’S SECTION IN BULGARIA
Russia has succeeded to convince the Bulgarian authorities to join South Stream Gas Pipeline Project. In turn, Bulgaria was fast to sign South Stream Gas Pipeline Construction Agreement to become the first transit country within the framework of a new strategic route. So, Russia and Bulgaria signed the agreement for construction of South Stream’s section in the Bulgarian territory. The singing procedure took pace January 18 as a part of President Putin’s official visit to Bulgaria.
AZERBAIJAN READY TO RESUME NATURAL GAS SUPPLIES TO GEORGIA
Azerbaijan is ready to resume the natural gas supplies to Georgia. Azerbaijan met all her obligations under the gas supply contract signed with Georgia. To resume gas supplies to Georgia, a new contract shall be signed.
AZERBAIJAN ADVOCATES ENERGY SUPPLY DIVERSIFICATION
Azerbaijan is guaranteeing the energy security of both Europe and the USA and advocating the diversification of energy transportation corridors for energy delivered from Azerbaijan.
MEP
TRANSPORTATION
Baku-Supsa
Burgas-Alexandroupolis
TENDERS
MINISTRIES AND AGECNIES ANNOUNCE TENDER5S
A number of ministries, agencies and organizations in Azerbaijan and Turkmenistan announced tenders for purchase of goods, materials, various spares and so.
ECONOMY
PRESIDENT OF AZERBAIJAN TOOK OFF FOR DAVOS TODAY
President of Azerbaijan Ilham Aliyev left today, January 23, for Davos, Switzerland, in order to take part in the World Economic Forum.
SOCAR
Budget
Production
Construction
Refining
CONSORTIA
Shah Deniz
COMPANIES
WORLD MARKET
OIL IS ENOUGH FOR ALL
US PRESIDENT THREATENED CUTTING OIL PURCHASES FROM OPEC
The fears about depleting oil reserves are overestimated, British experts say. However, oil prices in the world markets are still growing. Nevertheless, this process did not result in a significant change of demand or it so far. Too, high oil prices are doing harm to economies of Europe and the US as well as to producing countries where inflation is imported to.