Caspian Energy Weekly ¹ 13 (202)     14 Ąļšåė˙ 2006


ACCENT


  • PARTNERS WITHIN BTC CO. MEDITATE UPON RISE IN COST OF THE PROJECT


    The construction of the Baku-Tbilisi-Ceyhan Oil Pipeline named after Heydar Aliyev is approaching its completion, the first tanker with 450 thousand barrels of Azeri Light brand oil is scheduled to sail away in June 2006. However, already now the partners within the project are worried about the rise in the project’s cost. The reasons are various – from temporary costs and weather conditions to global inflation processes.


    • EXCLUSIVE


  • ALL TAXES EXISTING IN AZERBAIJAN AND KAZAKHSTAN TO BE PROJECTED ONTO THE AKTAU-BAKU TRANSPORT CORRIDOR


    “Tax conditions applied to the contracts concluded in Kazakhstan before 2004 will not be changed without mutual agreement of the contracting sides,” told the Chairman of the Interregional Tax Committee under the Ministry of Finance of Kazakhstan, Bigali Zhaksylykovich Tleulesov in his exclusive interview to Caspian Energy Weekly.


    • CASPIAN REGION


  • Kazakhstan


  • Russia


  • Georgia



    • CASPIAN ECOLOGY



    GAS


  • EXPANSION OF GAZPROM IN EUROPE
    NEGP’S COST DOUBLED

    SINGLE TRANSCAUCASIAN RATE CAN CHANGE

    Gazprom, the Russian gas monopolist continues its expansion at the European market. After the “shock therapy” for the European consumers the largest European companies search for gas projects to be implemented jointly with Gazprom. During the previous week the President of Gazprom and administration of Gas de France and BASF discussed opportunity of joint implementation of projects on gas production.

    Besides, the Company carried on the similar negotiations with various European structures and as a result of registration of its depositary receipts in the USA turned to be Company ¹1 on capitalization in the world. This influenced the cost of the North European Gas Pipeline’s construction, which grew almost twice.


    • TRANSPORTATION


  • Baku-Batumi

  • Baku-Supsa

  • CPC

  • Odessa-Brody

  • Burgas –Alexandropoulos

  • Bypassing Bosporus


    • ECONOMY



    SOCAR


  • Restructuring

  • Drilling

  • Projects


    • CONSORTIA


  • ACG

  • Shah Deniz

  • Gobustan Operating Company


    • COMPANIES



    WORLD MARKET


  • OPEC CANNOT REDUCE OIL PRICES


    The Organization of Petroleum Exporting Countries can do nothing to reduce world oil prices. Meanwhile, Saudi Arabia is going to raise prices on oil for the USA from May. The situation got worth due to the message about possible attack against Iran that stimulated growth of oil prices. According to BP, the world oil prices grew 1,3 times only during I Q.