Caspian Energy Weekly ¹ 10 (164)     7 may 2005


ACCENT


  • SOCAR DEVELOPS OIL EXPORT STRATEGY

    • State Oil Company of Azerbaijan (SOCAR) is making an oil export strategy to cover all possible transportation routes. The strategy is to define optimal distribution proportion of Azeri oil to be pumped via the Baku-Supsa, Baku-Novorossiysk and Baku-Tbilisi-Ceyhan.

  • TRANSPORT TSUNAMI IN THE CASPIAN

    • "JURIDICAL CASPIAN STATUS" HAVE A REST

    "Caspian Energy" analytical group

    With continuing growth of price to energy carriers in the world markets together with oil producers powers there increase the necessity in additional export routes and expansion of existing. At the same time, there increases the requirement in the second transport component of hydrocarbon resources export and petroleum derivatives - marine fleet.

    The largest flotilla in the center of Eurasian oil and gas production of the Caspian is quite necessary. It is important because of the commissioning of strategy transport route Aktau-Baku-Tbilisi-Ceyhan "named after Heydar Aliyev" and the transport carriers rely for its free power. The present orders of companies operating in the field of marine transport on the contracts of projects' participants increase. In the nearest decade the production and investment activity of producer companies in the Caspian region will provide for vessel market with higher rhythm of development.

    CASPIAN REGION

  • Kazakhstan

  • Turkmenistan

  • Russia-Iran


    • GAS

  • Georgia would like to reconsider the contract about the gas transit from Azerbaijan.


    • TRANSPORTATION

  • Baku-Novorossiysk

  • Baku - Batumi

  • East-West

  • North-South

  • Odessa-Brody-Gdansk


    • ECONOMY

  • Onshore projects are developing thanks to foreign companies.

  • Azerbaijan Parliament ratified three oil contracts signed with the foreign oil companies in 2004 and considering the development of country's onshore fields.

  • Mechanism of use and transfer to Stabilization account of Treasury to be corrected.

  • Following January-April period GDP growth made 11%,

  • In 2005-2006 52 modular power energy stations to construct in Azerbaijan.

  • The Azeri government has endorsed revenue and expenditure estimate 2005 of Azerbaijan Power Company (Azerenerji), which was made on the basis of the Fuel & Energy Balance Forecast 2004.


    • SOCAR

  • Oil production

  • Gas production

  • Export

  • Drilling

  • Upgrade

  • Privatization


    • CONSORTIA

  • Western Azeri

  • Nakhchivan

  • Kurovdag

  • Kursangha-Garabaghli

  • Yalama


    • COMPANIES


    WORLD MARKET




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