Caspian Energy Investor ¹ 22 (255)     2 July 2007


ACCENT


  • ON AUGUST 10 AZERBAIJANI GAS WILL BE DELIVERED FROM TURKEY TO GREECE AND ITALY

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    «Shah Deniz Project is a matter of high significance in providing European markets with gas. Giving our preference to export, we will be supplying the demand of Europe and our partners», said President of Azerbaijan Ilham Aliyev, speaking (June 26, Istanbul) during the 10th annual conference “East Meets West: The New Borders of Energy Security”.


    CIBC


  • CIBC, CASPIAN ENERGY IPH TAKE PART IN MIOGE AND RUSSIAN OIL&GAS CONGRESS


    • The delegation of the Caspian Integration Business Club (CIBC) and Caspian Energy IPH is taking part in the Moscow International Oil&Gas Exhibition (MIOGE) held June 26-29 in the Expocenter.


    EXCLUSIVE


  • I REGARD AZERBAIJAN AS OUR STRATEGIC PARTNER – VALERIY YAZEV


    • “When I announced a configuration of “mango” as the stage of a gas OPEC I called Azerbaijan as well. Surely, the oil & gas complex of Azerbaijan is rapidly progressing and thus brings the country to the number of leading players in the field of oil & gas. This is our neighbor state. We traditionally have good ties. Therefore, our cooperation in this field is predetermined. We are producers, so systematically we have common interests”, Valeriy Yazev, Chairman, the Committee for Energy, Transport and Communication of the RF Duma reported to Caspian Energy Investor in the exclusive interview.


  • «THE EU ENERGY SECURITY IS DIVERSIFICATION PROMOTION OF NEW ENERGY SOURCES», EU REPRESENTATIVE

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    «The EU is supporting the idea of the second route and trying to push forward to start Nabucco and another project like the one between Georgia and Ukraine (GUEU). Too, we are thinking of another possible pipeline as a back-up to N. between Turkey (Zonguldak) to Constanta. If we have more possibilities to move the energy from Caspian region to Europe it will be better as we'll have a competition and the price will be normal», said Marius-Eugen Opran, Member, European Economic and Social Committee, in his exclusive interview with Caspian Energy Investor.


  • «BY THE EARLY 2009 WE WILL HAVE AZERBAIJAN LINKED BY THE RAILWAY TO GEORGIA AND TURKEY» - OFFICIAL OF MINISTRY OF TRANSPORT OF AZERBAIJAN

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    «Virtually this year we will commence the construction under Baku-Tbilisi-Kars project. At the same time Turkey is installing a railway tunnel under Bosporus to connect European part of Turkey to Asian and then our carriages loaded in Central Asian countries will reach for Europe without stopping, thus ensuring the direct railway communication. Alongside the access from Asia to Europe, we will have the access to the Mediterranean, which is an important part of the project», said Musa Panakhov, Deputy Minister of Transport of Azerbaijan, in his exclusive interview with Caspian Energy Investor.


    CASPIAN REGION


  • Kazakhstan-Azerbaijan

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  • KAZAKHSTAN, AZERBAIJAN INTENSIFY TALKS ON TRANS-CASPIAN OIL TRANFER SYSTEM CREATION

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    FEASIBILITY STUDY UNDER TRANSCASPIAN GAS CORRDIOR PROJECT DRAWN

  • Azerbaijan-Turkmenistan

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  • Russia

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    GAS


  • RUSSIA AND ITALY AGREE TO LAUNCH SOUTH STREAM PROJECT


    • NEW GAS PIPELINE DUE TO BE LAID ACROSS THE BLACK SEA

    In the near future Russia and Italy will launch practical fulfillment of the agreement on construction of a new gas pipeline, South Stream (Yuzhniy Potok) from Russia to Europe.


    Exhibitions & Conference


  • 9TH MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION / MIOGE 2007 AND THE 5TH RUSSIAN PETROLEUM AND GAS CONGRESS ENDED IN MOSCOW


    • The 9th Moscow International Exhibition «Oil & Gas» / MIOGE 2007 and 5th Russian Petroleum and Gas Congress took place on June 26 through 29 in Expocentr Fairgrounds. We bring to your attention the overview of most actual performances and presentations.


    MEP


  • RELIANCE INDUSTRIES ÇÀÊËÞ×ÈË ÄÎËÃÎÑÐÎ×ÍÛÉ ÊÎÍÒÐÀÊÒ Ñ ÃÍÊÀÐ

    •
    MO SOCAR signed a long-term (for the period of 1 year) contract with Reliance Industries of India.

  • SOCAR MO ISSUES A MARKETING TENDER TO SELL THE NEXT CONSIGNMENT OF PROFIT OIL IN CEYHAN


    • The Marketing & Operations Department of the State Oil Company of Azerbaijan (SOCAR MO) has issued a marketing tender so as to sell the 15th consignment of Azerbaijani profit oil.


    TRANSPORTATION


  • Baku-Novorossiysk

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  • CPC

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    ECONOMY


  • AZERBEIJAN, CHINA SIGNED MEMORANDUM ON ECONOMIC RELATIONS DEVELOPMENT


    • AZERBAIJAN READY TO COME TO US MARKET

    The memorandum of cooperation signed June 27 between the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) and the Chinese-European Association of Technical and Economical Cooperation (CEATEC) aimed at the development of economic relations between Azerbaijan and China and creation and maintenance of ties between businesspeople of the two countries.


  • AZERENERJI EXAMINES NEW POWER PLANT PROJECT


    • Alibayramli power plant reconstruction project was discussed at the sitting of the Technical Board with Azerenerji.


  • NEW CORPORATE BRAND OF AZERCELL TELECOM JV – BİZİ BİRLƏŞDİRƏN DƏYƏR

    •
    Starting a new stage in its activity from today Azercell Telecom JV decided to unite everybody around these values.


  • ADB INTENDS TO PARTAKE IN NEW PROJECTS IN AZERBAIJAN


    • ADB’s crediting Azerbaijan’s transportation sector and funding reconstruction of highway network under “Multi-Tranche” credit program was discussed at the meeting (June 28) between Deputy Minister of Transport of Azerbaijan Musa Panakhov and ADB’s delegation headed by bank’s CEO Phil Bowen.


  • GRANT AGREEMNTS DURING 2006 IN AZERBAIJAN AMOUNTED TO 255,300 MANAT


    • The Ministry of Economic Development of Azerbaijan during 2006 registered 8 rant agreements with commercial organizations on the basis of “Procedure of Registration of Agreements (Orders) That Govern Obtaining (Issuing) Grants”.


  • NICO JOINS EITI IMPLEMENTATION PROCESS IN AZERBAIJAN


    • Naftiran Intertrade Co. Limited (NICO) became a 25th extractive sector company that joined Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan by signing the Instrument of Accession to MOU on June 12, 2007.


  • INDUSTRY AND ENERGY MINISTRY TO PRFORM AUDIT IN AZENFT


    • The Ministry of Industry and Energy of Azerbaijan is going to perform audits in the structures of Azneft PA by the yearend 2007.


  • 50-MILLION CHARTER CAPITAL OPENS WIDE OPPORTUNITIES TO COUNTRY’S LARGEST PRIVATE-OWNED BANK

    •
    Bank Standard’s shareholders decided to raise the bank’s charter capital to AZN 50 mln, more than in three times.


  • MED RAISES AZERBAIJAN’S GDP GROWTH SCHEDULE FOR 2007


    • The Ministry of Economic Development of Azerbaijan has raised the 2007 GDP growth schedule.


    SOCAR


  • Production

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  • Construction

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    COMPANIES




    WORLD MARKET


  • OPEC WARNED US LEGISLATORS NOT TO ATTEMPT PROSECUTING CARTEL


    • On Wednesday OPEC’s President Mohammad al-Hamli warned about ‘really dangerous step; of American legislators that try to find a precedent to prosecute oil cartel.