Caspian Energy Investor ¹ 20 (253)     14 June 2007


ACCENT


  • UNEXPECTED RESULTS OF ST PETERSBURG SUMMIT

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    Azerbaijan and Turkmenistan are considering the extension of mutually beneficial cooperation. During the informal summit (June 10, At Petersburg) of CIS member-countries heads it was agreed that Turkmenistan’s Embassy will resume its work in Baku. Moreover, Minister of Industry and Energy of Azerbaijan Natig Aliyev announced the possibility joint development of disputed oilfields in Caspian Sea with Turkmenistan.


    CIBC


  • DELEGATION OF CIBC AND CASPIAN ENERGY IPH TAKES PART IN 11TH PETERSBURG ECONOMIC FORUM

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    The delegation of the Caspian Integration Business Club (CIBC) and Caspian Energy International Publishing House (IPH) headed by Telman Aliyev, President & CEO, CIBC (Chief Advisor of Caspian Energy IPH) took part in the Petersburg Economic Forum (June 10, 2007).


    Exhibitions & Conference


  • FEC: CASPIAN VECTOR


    • We continue to review the most urgent speeches and presentations made by the reps of ministries and departments of the European and Black Sea-Caspian region countries as well as the spokesmen representing world largest oil & gas corporations at the 14th Caspian Oil & Gas Exhibition (Baku, June 6-7) in view of urgency of this important international event.


    EXCLUSIVE


  • IT IS THE JOB OF PARTNERS TO NABUCCO TO CONVINCE US - MAHMOOD KHAGHANI

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    «The problem not resolved yet for our active role in NABUCCO project is some difference of opinions we have with Turkey. And we are still talking with Turkish friends on this issue, but it’s not yet finalized on how the gas from Iranian resources could cross Turkey territory to join NABUCCO. Some people are considering NABUCCO almost a dead project, they say it can’t be revitalized and become a viable project with Iranian gas. But the Iranian gas also faces the obstacle for development», said Mahmood Khaghani, Director General for Caspian Sea and CIS Oil and Gas affairs, Deputy International Relations, of Ministry of Petroleum I.R.Iran in his exclusive interview with Caspian Energy Investor.


  • CASPIAN GAS PIPELINE PROJECT WILL NOT IMPEDE TRANS-CASPIAN GAS PIPELINE– HARTMUT SCHNEIDER

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    «We see that in the context of the EU Germany is supplied by gas from Russia but we always stood by diversified supplies and diversified transportation routes. We are concerned in NABUCCO Project through our presidency in the EU, The Union identified NABUCCO project a priority issue within the Trans-European energy network. Thus, the project is supported politically but in the end of days the issue of when the pipeline is filled with gas and gets economically viable is raised», said Hartmut Schneider, Deputy Director General Energy Policy, Ministry of Economics and Technology of Germany, in his interview with Caspian Energy Investor.


  • WE READY TO CONSIDER THE OFFERS ON AZERBAIJANI GAS SUPPLY – WINTERSHALL’S REPRESENTATIVE

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    “We enjoy the good partnership relations with Gazprom. Therefore, we have several options of delivering Caspian energy resources to Europe. To date we have not seriously viewed these opportunities, though our company would like to possess a wider potential of supplying Caspian gas to Europe. As Germany searches for alternative energy supply routes, I think we will put these plans into practice in conformity with the conditions set by the government of Azerbaijan”, said Arzu Javadova, New Business Project Manager Caspian Region, New Business E&P, Caspian Region & Middle East, Wintershall in the exclusive interview to Caspian Energy Investor.


    CASPIAN REGION


  • Kazakhstan

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  • KAZAKHSTAN EXTENDS JOINT PROJECTS WITH RUSSIA

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    Kazakhstan is extending its cooperation with Russia. Minister of Energy and Mineral Resources of the Republic of Kazakhstan Bahtikoja Izmuhambetov, who was taking part in the XI International Forum in St Petersburg, held a number of important talks.

  • Turkmenistan

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  • Turkmenistan-Iran


  • Russia

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    SOCAR


  • IN 2007 SOCAR PRODUCED 3660.42KT OF OIL AND 3660.42 MLN M3 OF GAS

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    The State Oil Company of Azerbaijan has announced the volumes of produced and handed over oil and gas for January-May 2007. Over the period SOCAR produced 3660.42KT of crude oil and 3858.59 million m3 of gas.


    COMPANIES


  • YOU WON’T FEEL DISTANCE WITH ROAMCELL

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    The international roaming service was agreed upon between Azercell Teleêom JV and operators BSNL (GSM 900/1800) of India and ETC (one-sided roaming - for ETC users in Azercell’s network) of Ethiopia.


  • AZERCELL TELEKOM JV INSTALLED 27 NEW STATIONS IN MAY


    • In May Azercell Telekom JV, extending its coverage in Baku and regions, kept improving the communication quality for its users. The company installed 27 stations in the capital and in different regions. Of them 16 were installed in Baku, 2 in Guba and the rest in Agdash, Barda, Dashkesan, Devechi, Geranboy, Kurdamir, Gusar, Shamkir and Khachmaz.


  • BANK STANDARD CB OBTAINED SYNDICATED CREDIT IN AMOUNT OF 24 MUSD

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    Last weekend one of the world’s largest banks, Raiffeisen Zentralbank Osterreich AG, and Standard Bank Plc of South Africa announced the successful completion of negotiations and signing the agreement on granting Bank Standard CB the syndicated credit in amount of 24 MUSD.


  • A-GROUP OPENED ROUND-THE-CLOCK SERVICE CENTER

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    A-GROUP Insurance Company keeps improving its services. It opened round-the-clock service center in early June 2007.


    WORLD MARKET


  • OPEC’S HEAD CALLS UPON WESTERN COMPANIES TO INVEST IN OIL PRODUCTION


    • “If Western companies want OPEC to ramp up oil production they shall pay for it” – that is what signified the statement of OPEC’s Secretary General Abdallah al-Badri during his interview with The Wall Street Journal. Al-Badri said OPEC’s member-countries by 2020 need $230 to $500 billion of investments to ramp up production by 9 mbd.