Caspian Energy Weekly ¹ 04 (193)     13 February 2006


ACCENT


  • PRESIDENTS TO JOINTLY OPEN THE YEAR OF RUSSIA IN AZERBAIJAN.
    BAKU TO HOLD THE AZERBAIJAN-RUSSIAN ECONOMIC FORUM AND THE RUSSIAN NATIONAL EXHIBITION

    The solemn opening ceremony of the Russian Year in Azerbaijan from 21-24 February will be held at the palace of culture named after Heydar Aliyev whereas the Azerbaijan-Russian Economic Forum and the Russian National Exhibition is to be held at Gulustan Palace.


  • WE HAVE UNLIMITED POTENTIAL TO DEVELOP TURNOVER - MINISTER OF ECONOMIC DEVELOPMENT OF AZERBAIJAN, HEYDAR BABAYEV
    REDUCTION OF DEPENDENCE ON OIL SECTOR - ONE OF THE PRIORITIES OF ECONOMIC DEVELOPMENT IN AZERBAIJAN

    Exclusive interview with the Minister of Economic Development of the Republic of Azerbaijan, Mr. Heydar Babayev.


  • KAZMUNAIGAZ JS NC AND ITS DEGREE OF INFLUENCE ON INVESTMENT PROCESS


    COMPANY’S SHARES STILL BELONG TO STATE

    KazMunaiGaz NC and its degree of influence to investment process in this field are significant. At the medium-term prospective KMG’s oil production share in the republic will be reduced till 2008 due quite intensive growth of major companies’ production developing Kazakhstan’s fields. However, it does not reduce the interest to shares of the company.


  • JSC GAZPROM HAS STARTED DEVELOPING THE MEDITERRANEAN SEA
    President of Gazprom, Aleksey Miller has gone for a trip to the Mediterranean Sea. In Turkey he had meetings with Hilmi Guler, the Minister of Energy and Natural Resources of Turkey, and the management of BOTAS to discuss important issues. Gazprom is going to realize a number of projects such as construction of a gas pipeline from Turkey to Israel and Lebanon, a gas pipeline through the Black Sea and building a plant on gas liquefying in Ceyhan.


    • CASPIAN REGION


  • Kazakhstan


  • Kazakhstan-Russia


  • Turkmenistan


  • Russia


  • Iran – Georgia



    • GAS



    MEP


  • CONSTRUCTION OF BAKU-TBILISI-CEYHAN BEING COMPLETED
    In the nearest 3 years the oil production in Azerbaijan will be increased three times. In 2006 the oil production in Azerbaijan will reach 28,55 mln. tons, in 2007 - 42,15 mln. tons, in 2008 - 61,05 mln. tons, in 2009 - 61,15 mln. tons.


    • TRANSPORTATION


  • Baku-Novorossiysk

  • CPC

  • Odessa-Brody-Plotsk


    • ECONOMY



    SOCAR


  • Production

  • Oil and Gas refinery

  • Sale

  • ORP

  • Drilling


    • CONSORTIA


  • ACG

    • COMPANIES



    WORLD MARKET


  • THERE IS A TENDENCY OF PRICE REDUCTION AT OIL MARKET
    USA HAS INCREASED FINANCING RESEARCHES OF NEW KINDS OF ENERGY

    There is being observed at oil market “real reduction trend" and the prices are established in a range acceptable as to the manufacturers as well as for the consumers, the President of OPEC both Minister of Oil and Gas of Nigeria, Edmund Daukoru has declared on Tuesday.