Caspian Energy Investor ¹ 21 (210)     12 June 2006


EXHIBITION


  • AZERBAIJAN ENTERS THE NEW STAGE OF DEVELOPMENT, ILHAM ALIYEV SAID
    INTEREST IN THE EXHIBITION KEEPS ON GROWING AFTER 13 YEARS OF WORKING

    «“The role of Azerbaijan, turning into the important oil exporter today due to its geopolitical location, will keep on growing owing to actualization of energy security matters in Europe,” President of Azerbaijan Ilham Aliyev told today during the opening of the 13th Caspian Oil & Gas Exhibition and Conference Incorporating Refining and Petrochemicals held on June 6 in Baku.

    When speaking about results of the oil strategy implemented in Azerbaijan, Ilham Aliyev noted that commissioning of the Baku-Tbilisi-Ceyhan oil pipeline marks “a new stage” rather that completion of works, Caspian Energy Investor reports.


  • 13TH CASPIAN OIL & GAS INTERNATIONAL CONFERENCE HELD IN BAKU OVER
    The 13th Caspian Oil & Gas International Conference was held on June 7-8 in Baku simultaneously with the Exhibition. Representatives of ministries and departments from the countries of the Black Sea and Caspian region as well as large world oil and gas companies made speeches during the conference. We would like to inform you about the most urgent speeches and presentations.


    • ACCENT


  • POWER INDUSTRY TO BECOME A CORE TOPIC OF G8 WITHIN THE NEAR FEW YEARS
    HOW TO BYPASS BLACK SEA STRAITS: CHEVRON VIEWS THE OPPORTUNITY TO USE BAKU-TBILISI-CEYHAN SYSTEM

    “The vitally important and strategic task on creation of a multi-sided differentiated export pipeline system will be solved this year,” the Minister of Industry & Energy of Azerbaijan, Natig Aliyev said during the large investment forum in Paris.

    Global energy security problems are in the forefront at the threshold of G8 Summit to be held in Saint Petersburg. Companies-exporters and countries- importers of energy resources make attempts to maneuver. France calls upon to ramp up oil and gas production. Azerbaijan with its significant recoverable reserves totally comprising around 4 billion tons in oil equivalent plays a very important role in the Caspian region.

    But American Company Chevron considers necessary to construct several oil pipelines bypassing Black Sea Straits Bosporus and Dardanelles. Kazakh Oil Producing Company Tengizchevroil has already concluded the contract about restart of oil exportation by Ukrainian company Ukrzaliznitsa through Ukrainian ports and is going to export 1 million tons of oil a year.


  • ISRAEL READY TO DRAW A PART OF EUROPEAN GAS MARKET
    The idea to expand the gas pipeline was expressed by the Minster of National Infrastructure of Israel, Benjamin Ben-Eliezer during the press conference in Baku. “Our Government wants to interest Azerbaijan and Turkey to continue the gas pipeline from Erzurum to Ceyhan and we will buy as much gas as Azerbaijan is ready to offer. I have discussed this matter with the Prime Minster of Turkey and we are going to continue the talks,” Benjamin Ben-Eliezer said.


    • EXCLUSIVE


  • “TURKEY IS READY TO PURCHASE GAS FROM AZERBAIJAN NO LATER THAN IN THE END OF THIS YEAR,” SALIH PASHAOGLU SAID
    “Azerbaijan gas can be also exported via the Nabucco project. When the volumes are expanded, Azerbaijan gas can be transported to Southern and Central Europe. I think that Turkey being one of the initiators of the Nabucco project (the gas pipeline from Turkey to Bulgaria, Romania, Hungary and from there to Southern Europe, Italy and Austria) will be glad if Azerbaijani gas is transported via this gas pipeline,” Salih Pashaoglu, the Deputy Minister of Energy & Natural Resources of Turkey told in the exclusive interview to Caspian Energy Investor.


  • “IRAN IS OPEN FOR FOREIGN INVESTMENTS,” M. HAGANI SAID
    “I believe that despite the current situation, Iran will receive additional investments as our country greets such kind of investments, especially in the Caspian region. The law, which has been recently approved by our Parliament, will be the asset to this process. In line with this law the National Oil Company of Iran is empowered to independently carry on talks and sign necessary contracts,” General Director on Caspian Oil and Gas of the Oil Ministry of Iran Makhmood Hagani told in the exclusive interview to Caspian Energy Investor.


    • MEP


  • PRESIDENT OF KAZAKHSTAN CONFIRMS THE INTENTION TO JOIN BTC PROJECT
    SEA CARRIER NOTION TO BE APPLIED IN THE INTERGOVERNMENTAL AGREEMENT ON KAZAKH OIL TRANSPORTATION VIA AZERBAIJAN

    President of Kazakhstan Nursultan Nazarbayev has confirmed the intention of Kazakhstan to sign the agreement about Kazakhstan’s joining the Baku-Tbilisi-Ceyhan project in June this year. The President made the statement on June 8 during the 3rd Investment Summit in Almaty.


    • CASPIAN REGION


  • Kazakhstan



  • KAZAKHSTAN LAUNCHES CONSTRUCTION OF THE GAS PROCESSING PLANT
    “TENDERS ON PROSPECTING AND DEVELOPMENT OF OIL AND GAS FIELDS OF THE CASPIAN SHELF WILL NOT BE ANNOUNCED IN 2006,” LAZZAT KIINOV SAID

    Government of Kazakhstan will not arrange tenders on prospecting and development of oil and gas fields of the Caspian shelf in 2006. In line with the State Programme on Development of the Kazakh sector of the Caspian Sea, the development period is subdivided in three stages differing by activities and works: the first stage (2003 - 2005) provides creation of conditions for complex development; the second stage (2006 - 2010) – intensified development; the third stage (2011 - 2015) stabilization of production.


  • Russia



    • GAS




    TRANSPORTATION


  • Baku –Novorossiysk


  • Azerbaijan –Iraq


  • CPC


  • North –South



    • ECONOMY


  • AZERBAIJAN-LITHUANIA: OUTLOOKS OF COOPERATION
    The Azerbaijan-Lithuanian Business Forum was held in Baku (June 9) with participation of President of Azerbaijan Ilham Aliyev and President of Lithuania Valdas Adamkus. The Forum was arranged under support of the Export & Investments Encouragement Fund of Azerbaijan (Azpromo).


    • CONSORTIA


  • ACG

    • COMPANIES


  • LUKOIL EXPANDS ITS PRESENCE IN THE CASPIAN REGION


    “YALAMA TURNED TO BE A QUITE DIFFICULT STRUCTURE,” RAVIL MAGANOV

    Lukoil JSC studies all opportunities on hydrocarbons production at the territory of Azerbaijan. The first Vice President of the Company, Ravil Maganov told Caspian Energy Investor.


    • WORLD MARKET


  • OPEC CUTS DOWN RAW MATERIALS PRODUCTION
    U. CHAVES: REAL COST OF OIL BARREL IS 50 USD

    After the OPEC session held in Caracas Venezuela turned to be the only country that cut down its oil production. As for other OPEC countries, they think to reduce quotas is unnecessary. Prices on energy resources stably grow. Experts think, if the situation in Iran develops positively, quotas can go down to 10 USD per barrel within the next two months and grow by 10 USD more if the situation becomes tenser.