Caspian Energy Weekly ¹ 11 (165)     18 may 2005


ACCENT


THE OIL PUMPING TO BTC BEGAN


OFFICIAL CEREMONY OF CELEBRATING OF OIL PUMPING INTO PIPELINE NAMED AFTER HEYDAR ALIYEV WILL BE HELD ON MAY 25.


The official ceremony of celebrating of oil pumping into Baku-Tbilisi-Ceyhan oil pipeline named after Heydar Aliyev will be held on May 25. At the ceremony held at Sangachal terminal will be participating the President of the Republic of Azerbaijan Ilham Aliyev, the President of the Republic of Kazakhstan Nursultan Nazarbayev, the President of Georgia Michael Saakashvili, Its Excellency Royal Highness Duke York Andrew Albert Christian Edward (Prince Andrew – The Great Briatin), high rank guests from the Turkey, United States of America and other region countries.



CASPIAN REGION

  • Caspian Status

  • Kazakhstan

  • Turkmenistan

  • Russia

  • Russian-Uzbekistan

  • Russia-Iran

  • Iran

  • Georgia


  • GAS

  • Ukraine is going to purchase the gas from Turkmenistan without mediators in 2006.


  • TRANSPORTATION

  • Baku-Supsa

  • Baku-Batumi

  • Atasu-Alashankou

  • CPC

  • Aksay-Uralsk

  • Caspian ports

  • Odessa-Brody


  • ECONOMY

  • The facilities collected by Azerbaijan from the growth of world oil prices for 2004 and the Q I of 2005 made 325 bn. AZM (by about $68 mln.).

  • By 2007-08 country's energy system to receive new 900 MW capacity.

  • New poverty reduction & economic development programme for 2006-15 to be adopted in Azerbaijan. Last year Azerbaijan was created 170,000 jobs in non-oil sector of economy, most of which were permanent, President Ilham Aliyev said

  • Market dictates the manat strengthening.


  • SOCAR

  • Infrastructure


  • CONSORTIA

  • "Azeri"

  • "Govsani-Zykh"


  • COMPANIES

  • LUKOIL'S AIM IS TURKMENISTAN SHELF…


  • WORLD MARKET

  • OIL OFF-LIMIT


    OPEC WANTS TO CANCEL THE QUOTAS FOR OIL PRODUCTION.


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