Caspian Energy Investor № 25 (258)     3 September 2007

ACCENT

 

MUCH DEPENDS ON ACTIVITIES OF AZERBAIJAN AND RUSSIA IN CAUCASUS REGION – ILHAM ALIYEV

 

NEW RUSSIAN CO-CHAIR OF AZERBAIJANI-RUSSIAN INTERGOVERNMENTAL COMMISSION SEEKING EXTENDION OF MUTUALLY BENEFICIAL COOPERATION

 

Over two days Azerbaijan and Russia were discussing cooperation and bridging the gap in turnover formed by gas statement. Both the states are interested in mutual penetration of capitals. All these issues were raised on the two-day visit of Russian delegation headed by Sergey Naryshkin, Vice-Premier of the Government of the Russian Federation and Chief of Governmental Administration of the Russian Federation.

 

 

KNOC ACQUIRED SHELL’S 20% STOCK IN INAM PROJECT

 

AZERBAIJAN TO ACQUIRE KOREA’S EXPERIENCE IN CREATING INDUSTRIAL TOWNS

 

«Korean National Oil Corporation (KNOC) has signed the agreement for purchase of 20% stock belonging to SHELL in Inam development project», said today (August 28) Lee Jo Hun, Deputy Minister of Industry, Energy and Trade of Korea during the meeting of Azerbaijani-Korean commission.

 

 

CIBС

 

SESSION OF CASPIAN CONSTRUCTION CLUB (CIBC) DUE

 

On September 4, the session of the Caspian Construction Club with the Caspian Integration Business Club (CIBC) shall take place to discuss the problems in construction sector.

 

 

CASPIAN ENERGY CUP INTERNATIONAL CHILDREN SOCCER TOURNAMENT RESERVED TO 2008

 

Scheduled for this September, the project of the international children club soccer tournament is reserved to the year 2008 for the technical reasons beyond organizers’ control.

 

 

CASPIAN ENERGY TELECOM TO BE PRESENTED DURING BAKUTEL

 

CASPIAN ENERGY International Publishing House (IPH), supported by the Ministry of Communication and Information Technologies of the Republic of Azerbaijan, have launched the new information project, Caspian Energy TELECOM quarterly information and analytical journal.

 

 

EXCLUSIVE

 

«POLAND WANTS TO FURTHER STRENGTHEN OUR RELATIONS WITH AZERBAIJAN, KAZAKHSTAN» - PAWEL KOWAL

 

«We are striving to diversify energy supplies and gain their stable sources. For that reason we wish to collaborate with Norway, Denmark and Sweden on the construction of a gas pipeline, and to ensure secure supplies of liquefied gas for the maritime terminal planned to be constructed at Swinoujscie. Cooperation with states of the South Caucasus, including Azerbaijan, and countries of Central Asia, including Kazakhstan, has a prominent place in our efforts to broaden the group of energy suppliers», – said Pawel Kowal, Secretary of State in the Ministry of Foreign Affairs of the Republic of Poland, in his exclusive interview with Caspian Energy Investor.

 

 

«THERE IS MORE HOPE TODAY FOR SOLUTION OF CASPIAN PROBLEM THAN A HALF-YEAR AWAY» - AMBASSADOR EXTRAORDINARY AND PLENIPOTENTIARY OF THE RF TO THE REPUBLIC OF AZERBAIJAN

 

«Our countries are often spoken of as energy rivals, but it is generally not so. Our countries really can collaborate and the rivalry is but a fact, just a journalists’ speculation. Speaking of Shah Deniz Project, as I said above, there is Russian participation in this project and it is intended to be continued», said Vassili Istratov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Azerbaijan, in his exclusive interview with Caspian Energy Investor.

 

 

CASPIAN REGION

 

Kazakhstan

 

NURSULTAN NAZARBAYEV SHUFFLES THE GOVERNMENT

 

NEW MADJLIS OF KAZAKHSTAN APPROVED THE GOVERNMENT

 

 

EMERGENCY MINISTRY OF THE RK DEMANDS TO SUSPEND CONSTRUCTION WORKS AT AGIP KCO’S SITE

 

CUSTOMS CONTROL COMMITTEE WITH FINANCE MINISTRY OF KAZAKHSTAN LAYING CLAIM ON AGIP KAZAKHSTAN’S EXS

 

In connection with the uncovered violations the Emergency Ministry demands to suspend the construction at Agip KCO’s worksite. Sergey Dyrin, a senior Emergency Ministry official, told at the briefing last week.

 

 

Turkmenistan

 

 

Azerbaijan-Iran

 

 

GAS

 

 

TRANSPORTATION

 

Baku-Novorossiysk

 

 

Baku-Tbilisi-Kars

 

 

ECONOMY

 

ALL FACILITIES BUILT IN AZERBAIJAN AFTER 2001 SUBJECT TO INSPECTION AND STATE EXPERT REVIEW

 

President of Azerbaijan Ilham Aliyev signed the Order on Reinforcing the State Control over Constrcution Industry on August 30.

 

 

ABDULLAH GUL ELECTED PRESIDENT OF TURKEY

 

During the 28 August general meeting of the great National Gathering of Turkey, at 300PM the third tour of presidential elections took place.

 

 

AZERBAIJAN’S GDP IN 2008 TO EXCEED 26BN MANAT

 

During the meeting between Minister of Economic Development of Azerbaijan Heydar Babayev with IMF EMEA Department’s mission headed by Chief Economist on South Caucasus Vitaly Kramarenko the parties discussed execution of 2007 State Investment Program.

 

 

EXHIBITIONS

 

OPENING OF THE AUTUMN EXHIBITION SEASON IN AZERBAIJAN

 

The organiser of international exhibitions, Iteca Caspian exhibition company will traditionally open the autumn exhibition season in September, having planned ten projects with three of them to be held for the first time. All the exhibitions will be held with support of the State structures.

 

 

NATIONAL WEDDING EXHIBITION POSPONED UNTIL 2008

 

The organizer of International exhibitions in Azerbaijan, Iteca Caspian LLC, announces postponement of the National Wedding exhibition assigned for September 20-22, 2007.

 

 

SOCAR

 

Infrastructure

 

Projects

 

Drilling

 

Construction

 

 

COMPANIES

 

 

WORLD MARKET

 

OPEC DOES NOT CONSIDER OIL PRODUCTION INCREASE NECESSARY

 

OPEC does not consider oil production increase necessary, said Abdallah Salem al-Badri, Secretary General. "We don’t see any reason for the global price increase, said Mr al-Badri. – There is no lack of oil in the market ".