Caspian Energy Weekly ¹ 19 (173)     23 august 2005


ACCENT


  • BAKU-TBILISI-CEYHAN WILL BRING TO AZERBAIJAN BILLION OF DOLLARS
    THE PROBLEMS ARE IN SUSPENSE OF BORJOM ISSUE

    DO ARMENIANS STRIVE AFTER AZERBAIJAN OIL PIPELINE?

    BTC commissioning at the end of 2005 "will bring to Azerbaijan billion of dollars in the nearest years". The President of Azerbaijan Ilham Aliyev informed about it during meeting with community of Gabala region in 220 km. from Baku in August 18.

  • SOFAR REVENUES WILL RISE WITH GEOMETRIC PROGRESS


    AZERBAIJAN SHARE EXPERIENCE ON PROVIDING THE CLARITY OF REVENUES ON THE BASE OF EITI

    Unlike joined other countries to EITI Azerbaijan government and local, including foreign companies operating in Azerbaijan in industry of oil&gas production proclaimed twice their reports on Initiative of clarity. Government Commission on EITI jointly with non-governmental organizations, local and foreign companies implementing the realization of activity in the field of production industry prepared the mechanism of EITI fulfillment in Azerbaijan. Last week State Oil Fund of the Republic of Azerbaijan (SOFAR) sum up the visit to Astanu by invitation of Kazakhstan's government of the general director of SOFAR, Chairman of Commission on Initiative of Clarity in industry branches fulfilling the production of mineral resources (EITI), Mr. Samir Sharifov.

  • ARAB INVESTMENTS FOR ONSHORE "SURAKHANI" BLOCK


    AZERBAIJAN SIGNED NEW OIL CONTRACT FOR $400 MLN.

    Next 26th agreement about rehabilitation, development and production sharing was signed (August 16) in Azerbaijan between SOCAR and Arab RAFI Oil FZE (UAE). Contract considering the rehabilitation and development of onshore "Surakhani" field (location is in 14 km to the North-Eastern from Baku) was signed by chief of companies Natig Aliyev and Tufayl Ahmad.


    • CASPIAN REGION


  • Caspian

  • Kazakhstan

  • Turkmenistan

  • Russia


    • GAS



    TRANSPORTATION


  • Baku-Novorossiysk

  • CPC

  • Kazakhstan-China

  • Caspian ports

  • Kars-Akhalkalaki-Tbilisi-Baku


    • ECONOMY



    SOCAR


  • SOCAR FULFILLS NEW PROGRAMS IN OIL&GAS FIELD
    SOCAR's main task is providing the stability in oil production. So, the major goals are reconstruction of oil fields, new technical and geology measures' fulfillment and new units' construction.

  • Infrastructure

  • Taxes

  • Drilling


    • CONSORTIA


  • D-222

  • "Shah Daniz"

  • "Azeri"


    • COMPANIES


    WORLD MARKET


  • VERSATILE FORECAST - THERE IS NO UNITY OPINIONS
    THE PRESIDENT OF VENEZUELA HAS PRESENTED THE PLAN FOR DEVELOPMENT OF PETROLEUM INDUSTRY TILL 2012.

    OPEC continues to increase oil extracting on a background of raising prices for oil. So, on the last Thursday the president of Venezuela Ugo Chaves has presented to the last Thursday the strategic plan for development of a petroleum industry of the country up to 2012 ã, providing increase in extraction of hydrocarbons with present 3,3 million up to 5 million bpd.