Caspian Energy Investor № 24 (257)     21 august 2007

ACCENT

 

«AZERBAIJAN READY TO GRANT FREE ACCESS TO ENERGY RESOURCES AND CARGOES FROM KAZAKHSTAN» - ILJAM ALIYEV

 

KMG, SOCAR COOPERATT UNDER TRANS-CASPIAN PROJECT.

 

During the official visit of President Ilham Aliyev of Azerbaijan to the Republic of Kazakhstan the bilateral documents were signed under the Trans-Caspian Project between NC KazMunaiGaz JSC (KMG) and the State Oil Company of Azerbaijan Republic (SOCAR).

 

 

«AZERBAIJAN INTENDS TO ACT AS A SELLER OF NATURAL GAS», NATIG ALIYEV

 

«WE TARGET DELIVERING AZERI NATURAL GAS TO EUROPE» - HILMI GULER

 

Azerbaijan’s gas resources today total 1.5tcm and they shall be increased using other fields as Azerbaijan is going to be a free gas seller for Europe. Azerbaijan is a gas seller but only on the border with Georgia and Turkey. Azerbaijan has set the task to access Turkey’s gas market and act as a gas seller outside it.

 

CIBC

 

AZERI MINISTRY OF TAX, CIBC ESTABLISHED COORDINATION BOARD ON COOPERATION

 

CIBC COMPANIES AND FAZIL MAMMADOV, MINITER OF TAX OF THE REPUBLIC OF AZERBAIJAN MEET IN BAKU

 

«The Caspian Integration Business Club (CIBC) pushes the integration of relations of various governmental bodies with entrepreneurs up to the partnership level», said today (July 18) Fazil Mammadov, Minister of Tax of the Republic of Azerbaijan. He also said CIBC was one of the largest organizations bringing businesspeople together.

 

 

EXCLUSIVE

 

«IT IS IMPORTANT TO CREATE STRONG AND COMMON EU ENERGY POLICY AND ACT AS A ONE PLAYER IN GLOBAL ARENA» - VALDAS ADAMKUS

 

«Lithuania shows big attention to South Caucasus region and political-economic cooperation with Azerbaijan. I would like to note that after the Krakow Energy Summit Azerbaijan-Lithuanian relations were enriched by one more very important aspect. Odessa-Brody-Plotsk-Gdansk oil pipeline is one of the most significant oil supply alternatives not only for participating countries but also for the whole EU. Therefore, if this project is fully implemented, relations between Lithuania and Azerbaijan will significantly intensify», – said Valdas Adamkus, president of Lithuania, in his exclusive interview with Caspian Energy Investor.

 

CASPIAN REGION

 

Kazakhstan

 

KAZAKHSTAN TO SUFFER HUGE FINANCIAL LOSSES BECAUSE OF RECONSIDERED START OF COMMERCIAL PRODUCTION AT KASHAGAN

 

ENI SEEKING COMPROMISE WITH KAZAKHSTAN’S GOVERNMENT

 

The talks around ENI’s probable deprivation of the operatorship at Kashagan because of the delayed production start have forced Italian company to search for a compromise with the Kazakhstan authorities. ENI’s Director General has flown to Kazakhstan to regulate this problem.

 

 

KAZMUNAYGAS NC JSC ACCOMPLISHES THE 1ST HALF YEAR IN ADVANCE OF THE PLAN

 

KazMunayGas National Company JSC has held the extended session on the results of the financial and economic activities in the 1st half of 2007.

 

Turkmenistan

 

Turkmenistan-Iran

 

“TURKMENISTAN AND IRAN HAVE UNANIMOUS VIEWS ON FUTURE COOPERATION ON THE CASPIAN SEA” - PRESIDENT OF IRAN MAHMOUD AHMADINEJAD

 

Through the official visit that Mahmoud Ahmadinejad, the President of the Islamic Republic of Iran paid last week (August 14-15) to Turkmenistan, the parties held the bilateral two-stage talks in Ashgabat, which resulted in signing several bipartite documents.

 

Russia

 

 

GAS

 

 

MEP

 

BTC ALREADY PUMPED 23.816MT OF AZERBAIJANI CRUDE

 

16.136MT of Azeri crude (140 carriers) have been shipped from port of Ceyhan to global markets through 2007.

 

 

TRANSPORTATION

 

Baku-Novorossiysk

 

Kazakhstan-China

 

Caspian Sea ports

 

 

ECONOMY

 

SOFAZ ASSETS REACH 2 BILLION USD

 

First time the assets of SOFAZ exceeded $2bn.

 

 

DEPOSIT INSURANCE FUND OPENED IN AZERBAIJAN

 

The Population Deposit Insurance Fund was launched in Azerbaijan.

 

AZERBAIJAN’S GDP JUMPED 34.5%

 

During January-July 2007 Azerbaijan’s GDP reached 12.7bn manat, up 34.5% (3.2bn manat) over year.

 

INDUSTRIAL PRODUCTION IN AZERBAIJAN OUTPACED 34.7 PERCENT THROUGH 2007

 

During January-July 2007 industrial production in Azerbaijan amounted to 10.7 bn manat up 34.7 percent over year.

 

 

NET INCOMES OF AZERBAIJAN’S POPULATION JUMPED 41.1 PERCENT THROUGH 2007

 

Incomes after tax and other contributions (net income) during January-July 2007 amounted to 6.2bn manat, up 41.1% over year.

 

ОБЪЕМ РОЗНИЧНОГО ТОВАРООБОРОТА АЗЕРБАЙДЖАНА С НАЧАЛА 2007 ГОДА СОСТАВИЛ 4,1 МЛРД. МАНАТОВ

 

За январь-июль текущего года объем розничного товарооборота по Азербайджану составил 4,1 миллиарда манатов, превысив показатель аналогичного периода прошлого года на 14,6%.

 

 

EXPERTS STUDY BTK SECTION IN GEORGIA

 

By late August Turkey will conclude a contact with a contractor and initiate works on construction of Baku-Tbilisi-Kars railroad’s section in Turkey.

 

 

AUDITOR SELECTED TO AUDIT SOFAZ FINANCIAL STATEMENTS FOR 2007, 2008, 2009

 

State Oil Fund held a competitive bidding procedure aimed at selection of an audit company for auditing its financial statements for 2007-2009.

 

 

GOBUSTAN WIND POWER PLANT PROJECT PRESENTED

 

Today (August 20) the Gobustan Wind Power Plant Project was presented by STX Energy Co LTD of Korea.

 

 

SOCAR

 

SOCAR PRODUCES 5135.83 THOUSAND TONNES OF OIL AND 5646.59 MILLION M3 OF GAS FOR 7 MONTHS OF 2007

 

The State Oil Company of Azerbaijan has published the volumes of gas production and custody transfer. In January-July 2007 the State Oil Company of Azerbaijan produced 5135.83 thousand tonnes of crude oil and 5646.59 million m3 of gas.

 

 

CONSORTIA

 

Inam

 

 

COMPANIES

 

WORLD MARKET