Caspian Energy Investor ¹ 26 (215)     22 August 2006


ACCENT


  • PRIME MINISTER OF TURKEY MR. RECEB TAYYIP ERDOGAN GETS THE HIGHEST CASPIAN ENERGY INTEGRATION AWARD - 2006
    The ceremony dedicated to awarding of the highest international elite platinum prize “Caspian Energy Integration Award-2006” in a special nomination “Reformer of the year in the countries of the Caspian-Black Sea region” to the Prime Minister of the Republic of Turkey, Mr. Recep Tayyip Erdogan was held by the Caspian Integration Business Club (CIBC) on August 8 at the Hilton Hotel in Ankara, the Organization Committee of Caspian Energy Integration Award-2006 told CIBCNews.

  • GAS IN EXCHANGE FOR MEMBERSHIP IN EURASEC


    The scheduled informal summit of EurAsEC countries-members (August 16-17, Sochi) was held to settle a number of issues related to creation of a single economic space of EurAsEC and a Customs Union. Simultaneously Prime Ministers of Ukraine and Russia Victor Yanukovich and Michael Fradkov discussed the “gas” issue in Sochi. It turned out that Russia was ready to make a concession in the issue regarding the price on gas delivered to Ukraine but… as Michael Fradkov stated “Russia offers Ukraine to mediate upon the opportunity to become a full-fledged member of EurAsEC and the Customs Union.”

  • MOSCOW DOES NOT BELIEVE IN WORDS?
    The governmental crisis in Ukraine that occurred immediately after the orange revolution seems to be over. Since the first days on the post a new Premier understanding necessity or non-alternativeness of economic relations with Russia has followed the policy aimed at closing the positions with the eastern neighbor.

  • RUSSIAN OIL COMPANIES SHOW INTEREST IN BTC


    MAXIMUM CAPACITY OF BTC ALLOWS PUMPING UP TO 1.8 MILLION BARRELS A DAY

    The annual scope of oil production in Azerbaijan in 2008 will exceed 50 million tons. Only in 2006 the production is scheduled to comprise 30.5 million tons and 47 million tons of oil in 2007. Plans to export Kazakh oil through this corridor will contribute to expansion of the throughput capacity of the Heydar Aliyev Baku-Tbilisi-Ceyhan pipeline.


    • EXCLUSIVE


  • “LITHUANIA RELIES UPON GAS SUPPLIES FROM AZERBAIJAN,” ANICETAS IGNOTAS
    “Today we experience lack of energy resources in the energy sector. We export 90% mainly from Russia. But reliability and guarantees of supply require alternative routes. And we search for such alternatives. Therefore, we are going to hold discussions with the corresponding structures in Azerbaijan,” the Deputy Minster of Economy of Lithuania, Anicetas Ignotas told Caspian Energy Investor in the exclusive interview.

  • “SOFAZ SETS THE TARGET TO BE READY TO RECEIVE BIG TSUNAMI,” SHAKHMAR MOVSUMOV


    “Oil receipts are going to significantly grow in Azerbaijan within a very short period of time. Our priority objective today is to make SOFAZ institutionally, technologically and from the point of view of human resources ready to receive all these oil dollars,” the Executive Director of the State Oil Fund of Azerbaijan, Shakhmar Movsumov said in the exclusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Kazakhstan-Russia


  • KAZMUNAYGAZ COMPLETES PREARRANGEMENTS FOR OPP’S CONSTRUCTION IN TURKEY


    RUSSIAN PRODUCERS MAY JOIN THE PROJECT

    Kazakh Company KazMunayGaz has completed prearrangements for construction of a petroleum processing plant in Turkey. Turkey also offered Lukoil to construct a refinery in the Black Sea province Samsun.

  • Kazakhstan


  • Russia


  • Turkmenistan


  • Georgia



    • GAS



    TRANSPORTATION


  • Odessa –Brody


  • Baku-Novorossiysk


  • Baku-Batumi


  • Caspian ports



    • ECONOMY



    SOCAR


  • Construction


  • Projects


  • ORP


  • Tenders



    • CONSORTIA


  • ACG



    • Exhibitions


  • AUTUMN EXHIBITORY SEASON IN AZERBAIJAN


    ÂThe season of international exhibitions is coming soon in Azerbaijan to bring great opportunities for everybody who is interested in business development. Exhibitions are the asset to conclusion of mutually beneficial contacts, acquisition of new partners and valuable ties.


    • COMPANIES



    WORLD MARKET


  • OPEC AND EIA REDUCE FORECAST ON GLOBAL OIL CONSUMPTION GROWTH


    OPEC has reduced its own forecast on global oil consumption growth for 2006 and 2007. Thus, in comparison with 2005 in 2006 global oil consumption will go up by 1.3 million barrels a day instead of earlier forecasted 1.38 million barrels a day and comprise 84.5 million barrels a day.