Caspian Energy Weekly ¹ 17 (171)     07 july 2005


ACCENT


  • CASPIAN SHELF: FRONTIER ALTERNATIONS
    THE PRESIDENTS OF RUSSIA AND KAZAKHSTAN GAVE "OK" FOR REALIZATION OF "KURMANGAZI" PROJECT.

    The one of main points of agenda during negotiation (July 5-6) in Astana of the President of Russia, Mr. Vladimir Putin and President of Kazakhstan, Mr. Nursultan Nazarbayev became the consideration of issues regarding the trade-economy cooperation and mutual operation in the field of energy. There were signed between two countries a number of agreements in the sphere of energy that according of their estimations will rise the turnover and will contribute to closing of their economy interest.

  • THE FIRST TANKER WILL BE SHIPPED FROM CEYHAN ON OCTOBER 27


    THE FILLING OF AZERBAIJAN'S BTC PART WAS COMPLETED

    There was fully completed the construction of Azerbaijan's BTC. Azerbaijan's area with extension 245 km., beginning from Sangachal terminal had already been fulfilled with oil. Georgia continues its pipes' trenching into tunnel under some mountain rivers. Regarding Turkey the operation are fulfilled for pipeline laying and backfilling at extension of 4 km. the testing of pump stations.


    • CASPIAN REGION


  • Caspian

  • Kazakhstan

  • Kazakhstan-Russia

  • Russia

  • Turkmenistan

  • Iran


    • GAS



    TRANSPORTATION


  • Baku-Novorossiysk

  • Baku-Batumi

  • CPC

  • Atasu-Alashankou

  • "Druzhba-Adriya"

  • Roundabout the Turkey

  • Caspian ports


    • ECONOMY



    SOCAR


  • NATIG ALIYEV AWARDED WITH CAVALIER ORDER OF THE LEGION OF HONOUR OF FRANCE


    July 5 the President of SOCAR, Mr. Natig Aliyev was awarded with cavalier order of the Legion of Honour of France

  • Fuel market

  • Production

  • Drilling

  • Prospecting


    • CONSORTIA


  • Azeri

  • Pirsagat

  • "South-Western Gobustan"


    • COMPANIES


    WORLD MARKET


  • QUOTAS WERE NOT INCREASED

    OPEC POSTPONED THE DISCUSSION OF NEXT QUOTAS INCREASING TO OIL PRODUCTION

    OPEC postponed the discussion of new oil production increasing for 500.000 bpd. The president of OPEC made known about it on Thursday. There was held next OPEC summit in June 15, Vienna where was decided since July 1 to increase the quotas to oil production for 500.000 bpd up to 28 mln. bpd and promised the increasing of supply for half million bpd. more in case of oil prices growth.