Caspian Energy Weekly ¹ 27 (181)     28 October 2005


ACCENT


  • COMPANIES-MEMBERS OF CIBC HAVE SIGNED THE LETTER-ADDRESSING TO PRESIDENT OF THE REPUBLIC OF AZERBAIJAN MR. ILHAM ALIYEV


    "As Azerbaijan intensively develops so, business structures are active too" that became as leitmotif of next conference of the Caspian Integration Business Club (CIBC) held yesterday (October 25) in evening, Baku. Businessmen had the same opinion that it is necessary to make good full business-power dialogue.

    During meeting of members of Club (by about 100 companies operating in the Caspian-Black Sea region) there was approved and signed the letter to President of the Republic of Azerbaijan, Mr. Ilham Aliyev that has below mentioned substance.


    • EXCLUSIVE


    President of State Oil Company of the Republic of Azerbaijan, Mr. Natig Aliyev

  • WORLD PRODUCTION EXCEEDS ANNUAL GROWTH OF RESOURCES
    IT IS NOT SO IN AZERBAIJAN

    At the moment of signing of "the contract of the century" proved reserves at "Azeri" - "Chirag" - "Gunashli" fields made nearby 5,4 bn bbl (or 511 mln. tons) oil. And today after carrying out of additional researches and development of technical base of fields' development it is possible to approve that reserves of these fields make nearby 10 bn bbl of oil.


    • CASPIAN REGION


  • Kazakhstan


    KAZAKHSTAN IS NOT GOING TO RECONSIDER UNILATERALLY THE PREVIOUS SIGNED OIL CONTRACTS


    RUSSIAN "LUKOIL" INVESTED IN KAZAKHSTAN MORE THAN $4,5 BN.

    On a background of last castlings of shareholders in the Kazakhstan oil and gas production companies the position of state's government on purchase of new actives has amplified. His position regarding it was expressed by the President of Kazakhstan Nursultan Nazarbayev. As a result the precise position of the head of the state without commas and colons according to which "Kazakhstan is not going to reconsider unilaterally the previous signed oil contracts" has been presented to investors. Russian Lukoil being the largest investor in a petroleum industry of Kazakhstan becomes the important part in distribution of oil&gas assets in Kazakhstan.

  • Turkmenistan


  • Turkmenistan-Iran


  • Iran


  • Russia



    • GAS



    MEP



    TRANSPORTATION


  • Around of Bosphorus

  • Baku-Novorossiysk

  • Baku-Supsa

  • Baku-Batumi

  • Caspian ports

  • Tanker fleet

  • North-South


    • ECONOMY



    SOCAR


  • Drilling

  • Tenders

  • Forums

  • ORP


    • CONSORTIA


  • Chirag

  • Azeri

  • Shah Deniz


    • COMPANIES



    WORLD MARKET


  • "THE GREAT TWENTY" IS GOING TO STRUGGLE AGAINST HIGH OIL PRICES
    OPEC CAN PRODUCE 38 MLN. BPD OF OIL BY 2010

    OPEC plans to increase the capacities by 5,5 mln. bpd of oil and so, daily oil output of OPEC can amount 38 mln. bbl by 2010.