Caspian Energy Weekly ¹ 08 (197)     7 March 2006


ACCENT


  • OUR TARGET IS TO PROVIDE MAXIMAL PROFITS FOR THE STATE FROM OIL-AND-GAS INDUSTRY’S DEVELOPMENT – PRESIDENT OF KAZMUNAYGAS UZAKBAY KARABALIN


    “The projects that were started 10 years ago already yield real profits to investors and the state,” President of the National Company KazMunayGaz JSC Uzakbay Karabalin says.

    In 2005 was the Tenth Anniversary of our Constitution. In this connection I would like to specially emphasize that our oil-and-gas sector is developing in full conformity with the strategic priorities determined in the "Kazakhstan-2030" Strategy of Development. As it is specified in the historic message of the President of the Republic of Kazakhstan, one of the long-term priorities in the development of Kazakhstan is the energy resources whose effective utilization - through a rapid increase of output and export of oil and gas with the view to get the revenues promoting a stable economic growth and improvement of the life of people is a strategic task of the nation. And we, following these strategic aims, are making every effort to effectively and intensively develop the oil-and-gas industry of the Republic.


  • SCS OFFERS TO ISSUE HOUSING CERTIFICATES


    “WITH THE VIEW TO DEVELOP SECURITIES MARKET SCC INTENDS TO MAINTAIN THE IDEA TO PROLONG FAVORABLE TAXES FOR PHYSICAL PEOPLE FOR NEXT 5 YEARS,” SCC CHAIRMAN GUNDUZ MAMEDOV TOLD AT THE CIBC MEETING.

    With the view to establish a valuable dialogue “business-power” CIBC has continued meetings with the heads of state ministries and departments of Azerbaijan. The next meeting of the Caspian Finance Club that operates within the Caspian Integration Business Club (CIBC) was held with participation of Gunduz Mamedov, the Chairman of the State Committee on Securities (SCS) working under the auspicious of the President of the Azerbaijan Republic on March 3 in Europe Hotel.


    • CASPIAN REGION


  • Kazakhstan


  • Iran


  • Turkmenistan


  • Russia


  • Georgia



    • GAS



    MEP


  • SOCAR PLANS DIRECT OIL SALE FROM BTC PIPELINE
    TODAY THE OIL OF AZERBAIJAN REACHED THE SECOND PUMPING STATION IN TURKEY

    The State Oil Company of Azerbaijan (SOCAR) plants to establish direct sale of its oil to the world market when Baku-Tbilisi-Ceyhan oil pipeline will be put in operation (May 2006). It is connected with considerable increase in oil production in Azerbaijan. At present the next section of the Baku-Tbilisi-Ceyhan oil pipeline is being filled with oil at the territory of Turkey.


    • TRANSPORTATION


  • Baku-Batumi

  • Caspian ports


    • ECONOMY



    SOCAR


  • Extraction

  • Export

  • Oil refineries

  • Drilling

  • Outlooks

  • JV

  • Service


    • CONSORTIA


  • Shah - Deniz

    • COMPANIES



    WORLD MARKET


  • WORLD OIL MARKET IS SUPERSATURATED


    IN THE MAIN SPECULATIONS CAUSE HIGH PRICES ON OIL

    The world market is supersaturated and this surplus amounts to 2 million barrels a day. Edmond Daukoru, the OPEC President told on March 3 in Washington. According to him, the present level of the world prices on oil is not caused by lack of demand on these goods.