Caspian Energy Weekly ¹ 15 (169)     21 june 2005


ACCENT


  • NEW FAILURES OF THE LARGEST PROJECTS IN THE NORTH CASPIAN


    The forecasts regarding the great reserves at the depth of the Caspian Sea was wrong. New disappointments in the Caspian got the Kazakhstan sector of the Caspian Sea (KSCS).

  • FEC PRIORITY WILL BECOME IMPROVING THE PROCESSING OF PETROLEUM PRODUCTS

    Deputy Minister of Economy Development and Trade of the Russian Federation Andrey Sharonov


    • CASPIAN REGION


  • Kazakhstan

  • Turkmenistan

  • Iran

  • Russia


    • GAS



    MEP



    TRANSPORTATION


  • Kazakhstan's export

  • Samsun-Ceyhan

  • Baku-Novorossiysk

  • Baku-Batumi

  • Caspian ports


    • ECONOMY



    SOCAR


  • Drilling

  • Forecast

  • Construction

  • Export


    • CONSORTIA


  • ÀÒÀ

  • "Azeri"

  • "Shah Daniz"

  • "Nakhchivan"

  • Kursanga-Garabagli


    • COMPANIES


    WORLD MARKET


  • OPEC AGAIN INCREASED QUOTAS

    TO OIL PRICE INCREASING INFLUENCE NOT THE REDUCTION OF OIL RESERVES BUT ORP LACK THAT ARE ABLE TO SATISFY THE GROWTH DEMAND TO PETROL

    There was held next OPEC summit in June 15 where was decided the oil quota increasing since July 1 for 500.000 bpd. But the decision - no more than play with figures and cartel leaders confessed to themselves during previous meeting. After new decision the oil price almost reached $60 per bbl. Though OPEC does not like high prices the reduction on behalf of cartel will be impossible.