Caspian Energy Investor ¹ 05 (280) 06 February 2008
ACCENT
GAZPROM, SOCAR FAILED TO AGREE ON AZERBAIJANI GAS PRICE
EUROPEAN UNION SUPPORTS TRANS-CASPIAN GAS PIPELINE PROJECT
Most recently importing gas from Russia, Azerbaijan now works as an exporter of natural gas. Azerbaijan’s export potential concerned Gazprom and it wanted to import gas from Azerbaijan. However, as reported, the parties failed to agree on prices. Too, EU countries are increasingly lobbying Nabucco project and as a result EU Trio delegation paid its visit to Baku to open The European Commission Delegation in Azerbaijan.
EXCLUSIVE
«BOTH TURKMEN AND AZERBAIJANI GAS SHALL RUN VIA BAKU TO BE CONSUMED IN TURKEY AND EUROPE ALIKE» - YUSUF YAZAR
«To implement a joint project, a support from both countries is required. It is noteworthy that Turkey and Azerbaijan are good friends to talk and make joint decisions. And this case is not an exception. We also want central Asian gas to come to Turkey through the Trans-Caspian pipeline», Yusuf Yazar, Deputy Undersecretary, the Ministry of Energy and Natural Resources of Turkey, said in his exclusive interview with Caspian Energy Investor.
CASPIAN REGION
Caspian Sea Status
AZERBAIJAN, TURKMENISTAN LAUNCH WOKGROUP TALKS ON CASPIAN SEA STATUS
The talks were launched in Baku between Azerbaijan and Turkmenistan at the workgroup scale to determine the legal status of the Caspian Sea.
Kazakhstan
KAZAKHSTAN RAISED GAS TRANSIT FEES
Kazakhstan, which exports most of its resources through Russia, announced the enhanced tariff rate on international transit of Central Asian and Russian gas via Kazakhstan. At the same time, Kazakhstan enacted the law approving Kazakh-Russian agreement on establishment of a joint venture of the basis of Orenburg GPP
Turkmenistan
Iran
GAS
EIGHT EU COUNTRIES AGAINST REFORMING THE ENERGY MARKET
Eight European countries have turned down the plans on reforms to be carried out in the European energy industry to downplay energy generating companies’ control over distribution networks in Europe. The European Commission has received the letter of appeal from the group of countries, including Germany, France, Austria, Bulgaria, Latvia, Greece, Slovakia and Luxemburg.
TRANSPORTATION
Baku-Novorossiysk
SOCAR’s Marketing and Operations Department (SOCARMO) exported 256kT of crude from the Black Sea port of Novorossiysk.
Baku-Batumi
TENDERS
MINISTRIES AND AGENCIES ANNOUNCE TENDERS
Ministries, agencies and organizations in Azerbaijan and Turkmenistan have issues tenders on procurement of goods, materials and various spare parts, etc.
EXHIBITIONS
THE SECOND CASPIAN OIL AND GAS TRADING AND TRANSPORTATION CONFERENCE DUE IN BAKU
Confidence Energy and Azerbaijan State Oil Academy are arranging the Second Caspian Oil and Gas Trading and Transportation Conference (April 23-25, Baku, Hyatt Park).
THIRD CASPIAN AND BLACK SEAS OIL AND GAS PIPELINES INTERNATIONAL SUMMIT DUE IN ISTANBUL
The 3rd Annual International Summit “Caspian and Black Seas Oil and Gas Pipelines: Are Key Supply Routes Coming on-Stream?” is taking place (April 21-22, 2008) in Istanbul.
ECONOMY
OIL MUSEUM DUE TO OPEN UP IN BAKU
Taking into consideration the formation, rich traditions of oil industry in Azerbaijan and its exceptional significance for gaining independence and growing potential, as well as its contribution to the history of the mankind, President of Azerbaijan Ilham Aliyev today has issued an executive order to establish the Oil Museum in Baku.
SOCAR
Production
Construction
Drilling
COMPANIES
WORLD MARKET
OPEC WILL NOT EXPAND OIL PRODUCTION QUOTAS
Members of the Organization of Petroleum Exporting Countries (OPEC) decided to preserve high oil production notwithstanding the fear that high fuel prices will recess Western economies.