Caspian Energy Investor ¹ 05 (238)     13 February 2007


ACCENT


  • AGREEMENT ON BAKU-TBILISI-KARS RAILROAD SIGNED


    • President of Azerbaijan Ilham Aliyev, President of Georgia Mikhail Saakashvili and Prime-Minister of Turkey Recep Tayyip Erdogan took part in the ceremony of signing the documents package pertaining cooperation between the three countries.

  • CASPIAN SEA STILL PROMISING


    • SOCAR, TOTAL SIGN MEMORANDUM FOR DEVELOPMENT OF ABSHERON OFFSHORE FIELD

    Due to the energy price increase in the world markets, foreign companies display interest in Azerbaijan’s promising fields anew, where development had been considered inexpedient in terms of profit. Last week such interest was displayed in the development of Absheron offshore field in Azeri sector of Caspian Sea. The related MOU on this offshore field was signed between Total and SOCAR.

  • «RUSSIA YET NOT DECLINED GAS OPEC ESTABLISHMENT», - VLADIMIR PUTIN

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    Russia is working hard to agree with other large gas supplying countries on gas cartel establishment. If earlier Russia was talking to Algeria and Iran has made an independent proposal, now Qatar is the object for gas association.

  • CIBC MEMBER-COMPANIES TO MEET WITH MOLDAVIAN PRIME-MINISTER IN BAKU

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    During the official visit of Moldavian Prime-Minister Vasily Tarlev, he is meeting with member-companies of Caspian Integration Business Club (CIBC) on February 23.

    EXCLUSIVE


  • «MOST REGIONS OF RUSSIA SUCCESSFULLY COLLABORATE WITH AZERBAIJAN» - VICTOR SPASSKY

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    «Russia’s increase of exported natural gas price observed the last time is perceived as something next to disaster that would result in alleviation of integration process within the CIS. One should take this issue less emotionally. Being long-term and well-calculated, pragmatic and transparent, the energy policy is necessary for both Russia and its partners, first of all energy fuel consumers», – Victor Spassky, Director, Department for Economic Cooperation with CIS countries, the Ministry of Economic Development and Trade (MEDT) of the Russian Federation, said in his exclusive interview to Caspian Energy.

  • «TODAY GEORGIA DOES NOT DEPEND ON SOLE MONOPOLIST ANYMORE» - HEAD OF GEORGIAN OIL&GAS CORPORATION

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    «The further development of Shah Deniz field and South Caucasian system as whole will promote the rapid growth of energy security for Azerbaijan and Georgia and deepen their partner interrelations», - Alexander Khetaguri, President of Oil&Gas Corporation of Georgia, told in his exclusive interview to Caspian Energy Investor.

    CASPIAN REGION


  • Caspian Sea Status

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  • LEGAL STATUS OF CASPIAN SEA TO DISCUSS IN TEHRAN

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    The next session of Caspian Sea status workgroup is held late February in Tehran. At the session, littoral counties will be represented by Deputy Foreign Ministers of Azerbaijan, Russia, Kazakhstan, Turkmenistan and Iran.

  • Kazakhstan

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  • KMG STRIVING TO RAISE KAZAKHSTAN’S PARTICIPATION IN MAJOR OIL&GAS PROJECTS


    • KazMunayGaz National Company (KMG) has shared its experience of work for raising Kazakhstan’s participation in large-sale projects with domestic and foreign subsoil users.

  • Turkmenistan

    •

    CASPIAN ECOLOGY



    GAS


  • EUROPEAN INVESTORS TO KEEP FROM FUNDING NORD STREAM


    • Last week the representatives of the European Investment Bank (EIB) announced their intention to keep from financing the Nord Stream project.

    MEP


  • MO SOCAR ANNOUNCED NEXT CEYHAN PROFIT OIL TENDER

    •
    The Marketing and Operations Division (MO) of the State Oil Company of Azerbaijan has announced the tender for sale of 2007’s 6th load of Azerbaijan’s profit oil.

    TRANSPORTATION


  • Baku-Novorossiysk

    •

  • SOCAR RESUMES EXPORT THROUGH THE NORTHERN DIRECTION


    • Despite ceased gas export from Russia, the State Oil Company of Azerbaijan has resumed oil export through the Baku-Novorossiysk route.

  • Baku-Supsa

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  • Burgas – Aleksandrupolis

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  • Caspian Sea Ports

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    ECONOMY


  • US-AZERBAIJAN COOPERATION PASSED TO BRANDNEW STAGE

    •
    «The cooperation between Azerbaijan and the USA has passed to qualitatively new stage following the visit President of Azerbaijan Ilham Aliyev has paid in April 2006 to the US», said Samir Sharifov, Minister of Finance of Azerbaijan and Co-Chairman of US-Azeri Economic Cooperation Commission at the first session of the commission held last week.

  • AZPROMO’S FIRST PARTNER OFFICE TO OPEN IN KAZAKHSTAN

    •
    The session of Trustee Council with AZPROMO was held February 6 under the chairmanship of Heydar Babayev, Minister of Economic Development of Azerbaijan.

  • SOFAZ, USTDA GO ON COOPEATING IN INSTITUTIONAL CAPACITY BUILDING


    • The State Oil Fund of Azerbaijan (SOFAZ) announced the key data under the Phase II of USTDA-funded Institutional Capacity Building for SOFAZ project.

  • AZERENERJI’S SYSTEM PRODUCED NEARLY 2.4BN KWH OF ENERGY IN JANUARY


    • During January 2007, Azerenerji’s system has produced some 2.4bn kWh of electric energy.

  • NFAE GRANTED 90.1MLN MANAT OF CREDITS IN 2006

    •
    In 2006, the National Fund of Assistance to Entrepreneurs of Azerbaijan granted 90.1mln manat of credits to 1,771 businessmen from 59 towns and regions.

    SOCAR


  • OIL PRODUCTION IN AZERBAIJAN KEEPS ON INCREASING


    • The State Oil Company of Azerbaijan is ramping up its oil production. In January 2007 SOCAR-operated extractive units enhanced production rates by 0.6%. Gas output went up (34.1%) mainly due additional wells drilled in the Gunashli area. The Azerbaijan International Operating Company (AIOC) raised its production due to a new platform set into operation in the Eastern Azeri area (WA).

  • Projects

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    COMPANIES




    WORLD MARKET


  • OPEC CONSIDER PRODUCTION DECREASE UNNECESSARY


    • The Organization of Petroleum Exporting Countries (OPEC) considers it unnecessary to make a decision on oil production decrease at its next meeting in March.