Caspian Energy Weekly ¹ 21 (175)     15 September 2005


ACCENT


  • THERE WAS CREATED COMMISSION ON ELABORATION OF MATTERS REGARDING KAZAKH'S OIL TRANSPORTATION VIA AZERBAIJAN


    In purpose of consistent provision with Azerbaijan interests during the elaboration of matters regarding Kazakh's oil transportation via the Republic of Azerbaijan, detail study of economy, legal, ecology, technical and other aspects, including the taking of other measures the President of Azerbaijan Ilham Aliyev signed Order in September 14. And according to which ordered to create the commission in the following staff:

  • "SAY TO NAZARBAYEV WITH WHOLE WORLD - "YES" CALLED LEADER OF THE PARTY "ASAR" DARIGA NAZARBAYEVA


    N.NAZARBAYEV HAS DETERMINED THE STRATEGIC DIRECTIONS OF KAZAKHSTAN DEVELOPMENT IN THE NEAREST SEVEN YEARS

    The president of the Republic of Kazakhstan Nursultan Nazarbayev has promulgated reference directions of the future policy in sphere of economy. During work (on September 9) extraordinary 8th congress of Republican political party "Otan" president RK N.Nazarbayev has determined 9 reference directions of progressing of Kazakhstan the nearest seven years.

  • PERSPECTIVES OF OIL AND GAS PUMPING DEVELOPMENT IN AZERBAIJAN AREAS ON HIGH OIL PRICES


    High oil prices made profitable for foreign investors the development of some former contract areas in Azerbaijan sector of the Caspian from which foreign companies had refused in one's time. The speech about development of "Ashrafi" and "Garabagh" fields on which there were concluded in one's time PSA and also about new perspective "Babek" structure.

  • TITBIT FOR "CELESTIAL"


    KUMKOL OIL DESTINY IS NOT DEFINED YET

    Repartition of the property of oil-and-gas assets in Kazakhstan spins up. The agiotage concerning vested interests on Kumkol petroleum will be discussed on special shareholder's meeting PetroKazakhstan Inc. During which one shareholders can vote for the tendered Agreement on acquisition by the Canadian affiliated company CNPC International Ltd. All simple shares of the company at the price of $55 for the share. Special meeting of shareholders PetroKazakhstan in connection with offer CNPCI on company acquisition takes place on October 18. The company possesses Shimkent ORP in the south of Kazakhstan and elaborates a number of fields in Southern-Turgai basin (STB) of a reserve addition.


    • CASPIAN REGION


  • Kazakhstan

  • Turkmenistan

  • Russia

  • Uzbekistan

  • Iran


    • GAS


  • AZERBAIJAN UPGRADES GAS PIPELINE INFRASTRUCTURE
    NAKHCHIVAN AR WILL BE PROVIDED WITH "BLUE FUEL"

    Being as a gas producer country Azerbaijan as a previous imports "blue fuel" from Russia allowed the providing of stated type fuel not only population and power stations of state, but also under blockade Nakhchivan. It became possible after commissioning Gas Compressor Station (GCS) near Astara in Azerbaijan-Iranian border.


    • MEP


  • OLD PLAYERS PLAY ON NEW RULES
    NEGOTIATION ON KAZAKHSTAN PARTICIPATION IN BTC PROJECT IS PLANNED BY THE END OF SEPTEMBER

    During the 3rd decade of September there will be held next stage of negotiation between Azerbaijan and Kazakhstan on joining of the latter to BTC. The meeting will be carried out in Astana and can be positive.


    • TRANSPORTATION


  • Kazakhstan-Iran

  • Burgos-Alexandrupolis

  • Odessa-Brody

  • Baku-Supsa

  • Baku-Novorossiysk

  • Baku-Batumi

  • East-West

  • Caspian ports


    • ECONOMY



    SOCAR


  • Drilling


    • CONSORTIA


  • ACG

  • "Shah Daniz"


    • COMPANIES



    WORLD MARKET


  • "CATHERINE" HURRICANE HAS INFRINGED THE BALANCE OF OIL PRICES
    IEA HAS REDUCED THE FORECAST OF GROWTH DEMAND FOR OIL IN THE WORLD TO 2005

    Growth oil demand in the world to 2005 has appeared is more gentle than it was expected on a background of drop of consumption of raw in China and industrially developed countries. As transmits Reuters, on it has informed International energy agency (IEA).