Caspian Energy Investor ¹ 19 (208)     29 May 2006


ACCENT


  • AZERBAIJAN STARTED FILLING BAKU-TBILISI-ERZURUM GAS PIPELINE


    OIL CURRENTLY PUMPED INTO BTC IS 30 KM FROM CEYHAN TERMINAL

    Azerbaijan keeps on developing its export oil and gas strategy. Within the next few days Azerbaijan oil will reach Ceyhan terminal. The Baku-Tbilisi-Erzurum pipeline already receives first gas. AIOC has started gas injection into strata of Azeri field to maintain oil production.


    • EXCLUSIVE


  • “GROWTH OF TAX PROCEEDS IS VERY HIGH IN AZERBAIJAN,” MINISTER OF TAXES FAZIL MAMMADOV SAID


    “Analysis of held tax inspections and results of criminal proceedings shows the majority of tax violations are connected with the value added tax. Such operations cause tremendous damage to the state budget. To timely reveal violations and raise efficiency of applied measures is the priority tax faced by the tax services today," the Minister of Taxes of Azerbaijan, Fazil Mammadov said in the exclusive interview to Caspian Energy Investor.


  • “KAZAKHSTAN SUPPORTS A DIVERSIFIED APPROACH TO OIL EXPORTATION,” ANDAR SHUKPUTOV SAID
    “The Kazakh side showed interest in the production of the H. Aliyev Deep-Water Platforms Plant. In compliance with the plans on development of the Kazakh sector of the Caspian Sea we intend to use over 40 offshore platforms. So, the experience of Azerbaijan in the given area could be very useful,” the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Azerbaijan, Andar Shukputov said in the exclusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Kazakhstan


  • Russia



  • NEW RF AMBASSADOR TO AZERBAIJAN APPOINTED
    Vasiliy Nikolayevich Istratov will be a new Extraordinary and Plenipotentiary Ambassador of the Russian Federation to the Azerbaijan Republic. Today (May 25) the RF Ministry of Foreign Affairs informed Caspian Energy Investor (CEI), previously Vasiliy Istratov was the Acting Director for North American Affairs at the Ministry of Foreign Affairs in Moscow.


  • RUSSIA RAMPS UP HYDROCARBON PRODUCTION
    The RF Ministry of Industry & Energy has submitted the report “About the current situation with development of industrial production”. In line with the account received by CEI in the RF Ministry of Industry & Energy, according to updated information data of the RF Ministry of Industry & Energy in January-April 2006 production of primary fuel and energy resources comprised 595,8 million tons of equivalent fuel. Within this period production of coal grew by 6,9%, oil by 2,2%, gas by 2,1%, power generation at nuclear power plants by 4,9%.


  • Uzbekistan



    • CASPIAN ECOLOGY




    TRANSPORTATION


  • Atasu-Alashankou

    • ECONOMY



    SOCAR


  • Drilling


    • COMPANIES



  • DESTINY OF MAZEIKIU NAFTA NOT SHAPED YET


    PKN Orlen and KazMunayGaz are the main buyers on purchase of the Lithuanian Oil Refinery - Mazeikiu Nafta (MN). Both companies are going to carry out an active investment policy in oil refinery at OR. At the same time Polish PKN Orlen is not going to content itself to purchasing of Yukos’s shares in Mazeikiu Nafta. As for the Lithuanian Premier, Algirdas Brazauskas, he states that the law about nationalization of the petroleum refinery has already been worked out.


    • WORLD MARKET


  • OPEC LACKS OF UNANIMITY OF VIEWS ABOUT PRODUCTION QUOTAS
    During the conference of the Organization of Petroleum Exporting Countries (OPEC) to be held on June 1 in Karakas the countries-members can decide either to reduce oil production or preserve quotas. At the moment OPEC countries doe not have unanimity of views. Experts think oil prices can considerably go down in the middle-range perspective.