Caspian Energy Weekly ¹ 11 (200)     29 March 2006


ACCENT


  • AZERBAIJAN INTEGRATES IN THE EU ENERGY SPACE IN THE FIELD OF RENEWABLE ENERGY


    Possible use of the alternative energy sources can stimulate 5-7-percent increase in electrical energy and 10-percent increase in thermal energy generated in Azerbaijan. As the Minister of Industry & Energy of Azerbaijan, Natig Aliyev stated at the UN Commission symposium on energy supplies consequential development, industry development, environment pollution and climate change held in Baku on March 28, the Caspian region and Azerbaijan in particular are rich with oil and gas resources and have huge economic and industrial potential. These countries will play an important role in the development of the world economy in XXI century and will be major suppliers of the European market in terms of alternative energy resources.

    It is worth to remind that at the threshold of G8 Summit and discussion of a new energy strategy, i.e. Green Paper, the Chairman of the European Commission, Jose Manuel Barrozu made recommendations to EU countries. According to the recommendations, the EU members should meet up to half of their needs owing to renewable energy sources within the next twenty years.


  • AKTAU-BAKU: SLOW AND STEADY WINS THE RACE
    The next stage of negotiations on transportation of the Kazakh oil through BTC will be held in the first decade of April in Baku.

    The negotiation process on joining Kazakhstan the pipeline Baku-Tbilisi-Ceyhan named after Heydar Aliyev has been delayed till the end of the year. As various sources inform the ministries and departments of Kazakhstan have already coordinated the documents, the same procedure is currently implemented in the Azerbaijan state structures.


    • EXCLUSIVE


  • BY 2016 VOLUMES OF THE KAZAKH GAS TRANSPORTED VIA THE CASPIAN SEA WILL EXCEED 38 MILLION TONS A YEAR, U. KARABALIN SAID.


    The world policy has focused its attention on the Caspian hydrocarbon resources since the moment the Baku fields were discovered. Collapse of the Soviet Union and declaration of independence in the post soviet republic resulted in appearing of new players at the global energy market. Kazakhstan represented by its national company KazMunayGaz JSC is one of the most active among them. The company steadily follows the policy aimed at development of stable partnership relations with neighboring petroleum countries being a strategic partner of Azerbaijan within the pipeline project Baku-Tbilisi-Ceyhan and other initiatives. We talked to Uzakbay Karabalin, the President of KazMunayGaz about the results of 2005 and outlooks related to the development of the company.


    • CASPIAN REGION


  • Azerbaijan –Kazakhstan


  • Kazakhstan


  • Turkmenistan


  • Iran


  • Russia



    • CASPIAN ECOLOGY



    GAS



    TRANSPORTATION


  • Baku-Batumi

  • Odessa-Brody-Plotsk

  • Burgas –Aleksandrupolis

  • Aktau –Makhachkala

  • Caspian ports


    • ECONOMY



    SOCAR


  • Cooperation

  • Credit

  • Projects

  • Petroleum refineries


    • CONSORTIA


  • ACG

  • Neftchala – Hilly –Babazanan

  • Alet-Deniz


    • COMPANIES



    WORLD MARKET


  • FORECAST: IN 2006 WORLD OIL CONSUMPTION IS EXPECTED TO COMPRISE 1,8%
    As OPEC forecasts, in 2006 the world oil consumption will grow by 1,8% or 1,46 million barrels a day compared to 2005 and reach 84,51 million barrels a day.