Caspian Energy Weekly ą 09 (198)     14 March 2006


ACCENT


  • THE PROBLEM HOW TO DIVIDE THE CASPIAN SEA IS BEING SETTLED IN MOSCOW
    IRAN CAN RECEIVE THE SECOND CASPIAN SUMMIT

    The Caspian Sea is being divided in Moscow now. A two-day meeting of the special working group on the Caspian region is taking place now in Moscow (March 14-15) with participation of Deputy Ministers of Foreign Affairs of five Caspian states - Russia, Kazakhstan, Azerbaijan, Turkmenistan and Iran. Judging by the results of the first day of the meeting there is some progress in solution of this matter, however, the matter related to pipelines’ construction remains still open. The sides focus their attention on opportunity to hold the Second Summit of the Caspian states.


  • RAMIZ GASANOV IS SURE: “WE SHOULD HAVE OUR OWN STANDARD”
    “AZS WILL NOT BE GRANTED TO EVERYBODY”, THE GENERAL DIRECTOR OF THE AGENCY ON STANDARDIZATION, METROLOGY & PATENTS OF AZERBAIJAN, RAMIZ GASANOV TOLD AT THE MEETING OF THE CASPIAN INTEGRATION BUSINESS CLUB.

    The Caspian Integration Business Club (CIBC) is keeping on arranging meetings with heads of public offices of Azerbaijan. The next CIBC meeting was held in Europe Hotel on March 10 with participation of the General Director of the Agency on Standardization, Metrology & Patents of the Azerbaijan Republic, Ramiz Gasanov.


  • IN 2006 AZERBAIJAN WILL DOUBLE ITS OIL PRODUCTION AT AZERI-CHIRAG-GUNESHLI FIELDS
    Baku and Astana have coordinated the document about joining of Kazakhstan the Baku-Tbilisi-Ceyhan oil pipeline named after Heydar Aliyev by 99%.

    The project of construction of the Baku-Tbilisi-Ceyhan oil pipeline (BTC) named after Heydar Aliyev, which has been implemented for two years, is approaching its logical completion. Azerbaijan and Turkey have set the official date of loading of the first tanker that will leave port Ceyhan on May 27 2006. However, according to experts, this date is not final considering the scope of works on the project and the primary date, according to which the tanker with the first Azerbaijan oil had to leave the port on May 25 2004. At present the testing of the infrastructure on commercial oil flows’ transportation is being completed, the oil is pumped through the Baku-Tbilisi-Ceyhan oil pipeline and at present is at the territory of Turkey. Actually, works on the BTC project are over by 99%, SOCAR thinks. The Agreement about joining of the Kazakh oil the transportation via BTC has been coordinated between Azerbaijan and Kazakhstan by the same amount of percents, the national company KazMunayGaz JSC considers.

    The operations within the project on full-scale development (FCD) of Azeri-Chirag-Guneshli fields in the Azerbaijan sector of the Caspian Sea are ongoing. A year after extraction of the first commercial oil flows from Azeri field, in early 2006 Azerbaijan extracted commercial flows from the second extracting platform, which is located at Western Azeri in compliance with the project’s Stage 2 as a part of the project on full-scale development of Azeri-Chirag-Guneshli fields.

    By now 15 billion USD have been invested in the oil-and-gas projects of Azerbaijan, and only 9 billion USD – in the project on ACG fields’ development.


    • CASPIAN REGION


  • Kazakhstan


  • Turkmenistan -Iran


  • Russia


  • Georgia



    • CASPIAN ECOLOGY




    GAS



    MEP



    TRANSPORTATION


  • Atasu – Alashankou

  • THE FIRST STEP ON THE WAY TO DIVERSIFICATION OF EXPORT ROUTES
    ATASU –ALASHANKOU IS FILLED WITH TECHNOLOGICAL OIL BY 12,6%

    Kazakhstan keeps on filling the Atasu-Alashankou oil pipeline, which is 1000 km long with technological oil. According to operative data, the Atasu-Alashankou oil pipeline is filled with technological oil by almost 12,6% (124,45 km of the pipe). Kazakhstan is expected to pump through this pipeline 10 million tons of oil a year by late 2006 (the first turn) and 20 million tons (the second turn) after 2010.

    On December 15, 2005 President of Kazakhstan Nursultan Nazarbayev put the Atasu-Alashankou pipeline in operation from the main pipeline dispatch control of KazTransOil JSC in Astana. On the same day the representative of KazMunayGaz JSC announced that the republic would start to pump commercial oil through Atasu-Alashankou oil pipeline in May 2006 after completion of the pipeline’s filling.

  • Azerbaijan– Black Sea ports


    • ECONOMY



    SOCAR


  • Projects

  • Accounting


    • CONSORTIA


  • ACG


    • COMPANIES


  • PETROKAZAKHSTAN SUMS UP RESULTS OF LAST YEAR
    One of the biggest companies of Kazakhstan PetroKazakhstan Inc. JSC summed up results on its assets sale and activity for 2005 and discussed outlooks for 2006.


    • WORLD MARKET


  • OPEC REFUSED TO REDUCE OIL PRODUCTION VOLUMES


    OPTIMAL PRICE ON BARREL IS 40-50 USD

    The states-members of OPEC refused to reduce oil production volumes at the session held in Vienna. It took place against the background of expert forecasts about decreasing of demand on “black gold” in the second quarter of the current year.