Caspian Energy Investor ¹ 04 (237)     6 February 2007


ACCENT


  • MONOPOLY UNDERGOES SELF-DESTRUCTION


    • BP NOT CAPABLE TO COPE WITH SHAH DENIZ

    The process of the Azerbaijani Shah Deniz gas-condensate field’s development keeps on facing problems. It is possible to state that almost all well operations ran into difficulties. As a result, Azerbaijan still cannot start developing this field and is forced to postpone gas export to the European market. Thus, the country may fail to meet contractual commitments to importers of Azerbaijan gas.

  • 100TH CONSIGNMENT LOADED AT HEYDAR ALIYEV TERMINAL IN CEYHAN


    • The 100th consignment has been shipped today (February 6) at the Ceyhan terminal in Turkey.

    Knock Sheen tanker took on board in excess of one million barrels of oil which took 26 hours to load.

  • 2007 – YEAR OF AZERBAIJAN IN FRANCE

    •
    Last week the President of Azerbaijan paid an official visit to France. Within the last time the cooperation between Azerbaijan and France has been progressing rapidly. The Year of Azerbaijan is taking place in France this year, President of France Jacques Chirac said at his meeting with President Ilham Aliyev in the president’s palace. He also said that “our relations are very important and fruitful both in economic and political respect”.

    EXCLUSIVE


  • FOREIGN INVESTORS INTERESTED IN PREDICTABLE DEVELOPMENT OF THE AZERBAIJAN’S ECONOMIC POLICY TO BE FOLLOWED WITHIN THE FEW NEXT YEARS


    • “I believe that the period of registration and licensing in Azerbaijan may be cut down by, perhaps, 50% within 2-3 months. Reforms are not going to cover exceptionally the registration process in the Ministry of Justice. There are other ministries and departments subject to reforming. The Ministry of Economic Development (MED) of Azerbaijan has to coordinate the whole process”, Simeon Djankov, Chief Economist, Indicators Group, Financial and Private Sector Development Vice Presidency said in the exclusive blitz-interview to Caspian Energy Investor.

    CASPIAN REGION


  • Kazakhstan


  • KAZAKHSTAN A KEY PARTNER IN CENTRAL ASIA


    • KAZAKHSTAN AND UKRAINE AGREE TO CREATE A BILATERAL WORKING GROUP TO DEAL WITH ENERGY PARTNERSHIP ISSUES

    Kazakhstan and Ukraine have planned to create a bilateral working group so as to realize the potential of the energy transport corridor, including the Odessa-Brody-Gdansk oil pipeline project. President of Ukraine Victor Yushchenko said (February 5) at the press conference held jointly with President of Kazakhstan Nursultan Nazarbayev that covered the results of the talks. Kazakhstan also keeps on working to as to enhance the local presence in oil projects.

  • Turkmenistan

    •

  • Iran


  • Russia



    • GAS


  • GREECE, ITALY AGREE TO INSTALL PIPELINE FROM TURKEY

    •
    Greece and Italy entered into agreement on the soon commencement of construction of transit pipeline to connect Turkey to Western Europe.

    MEP


  • SOCAR MO ANNOUNCES PROFIT OIL SALE TENDER WINNER IN CEYHAN

    •
    The Marketing and Operations Department (MO) of the State Oil Company of Azerbaijan has announced the winner the tender issued to sell the 5th consignment of Azerbaijan’s profit oil.

    TRANSPORTATION


  • Baku-Tbilisi-Kars


  • BAKU-TBILISI-KARS RAILWAY CONSTRUCTION AGREEMENT TO BE SIGNED IN TBILISI


    • President of Azerbaijan Ilham Aliyev is leaving for Georgia on February 7. During this visit President of Azerbaijan Ilham Aliyev, Georgian President Mikhail Saakashvili and Prime-Minister of Turkey Recep Tayyip Erdogan will sign the Agreement on Baku-Tbilisi-Kars railway construction, the Georgian Embassy to Azerbaijan reported to Caspian Energy Investor.

  • Odessa-Brody

    •

  • Druzhba

    •

  • Bypassing Byelorussia

    •

    EXHIBITION


  • DATES OF SOME AZERBAIJAN INTERNATIONAL EXHIBITIONS POSTPONED


    • ITE Group PLC è Iteca Caspian LLC, organizers of international exhibitions in Azerbaijan, announced the slippage of dates for a number of exhibitions to take place in fall 2007.


    ECONOMY


  • SOFAZ ASSETS REACH $1 BILLION 454.5 MILLION

    •
    The assets of the State Oil Fund of Azerbaijan (SOFAZ) as at January 2007 grew to AZN 1 267, 4 mln (USD 1 454,5 mln.), compared to AZN 1 280, 4 mln (USD 1 394 mln.) as of January 1, 2006.

  • AZERBAIJAN DISCLOSES 5TH EITI REPORT


    • The Committee on Extractive Industries Transparency Initiative (EITI) established by the Government of Azerbaijan to implement its obligations taken at the conference on EITI held in June 2003 in London, on 31 January, 2007 announced the release of the Government’s fifth EITI report (Jan-Jun 2006 assertion) audited by Deloitte, the independent Aggregator.

  • EBRD TO INVEST $10 MILLION IN THE NON-OIL SECTOR OF AZERBAIJAN


    • The EBRD is investing $10 million for a 10 percent equity stake in Garadagh Cement, the largest cement producer in Azerbaijan.

  • TESTS AT BAKU MODULE POWER PLANT LAUNCHED


    • The equipment testing was launched at Baku module power plant.

    SOCAR


  • Assessment


  • Drilling

    •

  • Petroleum refineries

    •


    CONSORTIA


  • Mishovdag-Kalametdin

    •


    COMPANIES




    WORLD MARKET


  • OPEC NOT REVISING QUOTAS UNTIL MARCH


    • Organization of Oil Exporting Countries will take no action in oil market until March in order to estimate delivery volume reduction took place on February 1, Abdullah bin Ahmad Hamad al-Attiyyah, Minister of Energy of Qatar, said Monday