Caspian Energy Weekly ¹ 05 (194)     20 February 2006


ACCENT


  • RUSSIAN PRESIDENT TO PAY AN OFFICIAL VISIT TO AZERBAIJAN


    On February 21-22 President of the Russian Federation, Vladimir Putin will pay an official visit to Azerbaijan to open the Year of Russia in Azerbaijan.


  • REVENUES OF AZERBAIJAN’S OIL FUND ARE GROWING


    NEVETHELESS, BUDGET DEFICIT IS EXPECTED

    Petrodollar earnings in economy of Azerbaijan will increase in the current year due to full-scale development of Azeri, Chirag, Guneshli (deep-water area) and oil pipeline Baku-Tbilisi-Ceyhan named after Heydar Aliyev. However, according to the forecasts for the current year, the Oil Fund of Azerbaijan can experience budget deficit for the first time.


  • RECONSTRUCTION OF TRANSCASPAIN GAS PIPLENINE IS POSSIBLE TODAY – MINISTER OF ENERGY AND INDUSTRY OF AZERBAIJAN, MR. NATIG ALIYEV


    • CASPIAN REGION


  • Kazakhstan


  • VAST OIL POTENTIAL OF KAZAKHSTAN


    ECONOMY OF KAZAKHSTAN WILL REMAIN DEPENDENT UPON FEC IN THE NEAR FUTURE

    Kazakhstan keeps on increasing its oil production. On the one hand this is a flow of petrodollars against the background of rise in oil prices but on the other hand it is a necessity to manage funds properly. In this connection, a joint session of the Parliament was held in Astana. Premier Danial Akhmetov presented a report concerning the program to be implemented by the government in future.

  • Turkmenistan


  • EXPORT POTENTIAL OF TURKMENISTAN REACHES 100 BILLION CUBIC METRES OF GAS A YEAR
    SUPPLY DIVERSIFICATION AS EXPORT STRATEGY

    At present the export potential of Turkmenistan exceeds 100 billion cubic meters of gas and is only limited due to technical condition of the transport infrastructure of the transit states and lack of new routes to deliver fuel to consumers. Minister of Oil and Gas Production and Mineral Resources of the state Gurbanmyrat Atayev stated this while speaking at the meeting of the Supervisory Committee on implementation of the project on the Trans-Afghan gas pipeline’s construction held on February 13-14 in Ashgabat.

  • Iran



    • GAS


  • STRUGGLING FOR CENTRAL ASIAN GAS


    GAZPROM KEEPS ON EXPANSING

    Gazprom as an actual monopolist on sales in Europe continues to find opportunities to export gas outside the continent. To keep the Central Asian gas within its transport corridors is the primary task of the monopoly. However, the Caspian states continue searching for alternative export routes to sell gas on acceptable prices. The link Kazakhstan-Turkmenistan and Azerbaijan-Georgia is the primary one in this chain.


    • MEP



    TRANSPORTATION


  • Odessa -Brody

  • Caspian ports


    • ECONOMY



    SOCAR


  • Credits

  • Outlooks

  • Drilling

  • Tenders


    • CONSORTIA


  • Shah-Deniz

  • Salyan Oil

  • Alet-Deniz block


    • COMPANIES



    WORLD MARKET


  • IN MARCH OPEC WILL REVISE QUOTAS ON OIL PRODUCTION


    REDUCTION OF DELIVERY BY 1 MILLION BARRELS A DAY

    The Organization of the Petroleum Exporting Countries (OPEC) has to reduce the quota on oil production at the next session of the ministers of oil of OPEC countries-members to be held in March. Rafael Ramires, the Minister of Oil of Venezuela made such statement. In his opinion, the reduction should comprise from 500 thousand up to 1 million barrels a day.