Caspian Energy Investor ¹ 27 (216)     29 August 2006


ACCENT


  • HEYDAR ALIYEV TERMINAL IN CEYHAN TO TURN INTO A SINGLE ENERGY CENTER
    THREE OIL PIPELINES AND THREE GAS PIPELINES WILL CROSS CEYHAN, THUS MAKING IT A SINGLE ENERGY CENTER," HILMI GULER SAID

    Azerbaijan is turning into an important player due to growing significance of the gas constituent within energy security. On August 27 President of Azerbaijan Ilham Aliyev said: "Azerbaijan will turn into a large gas exporter after commissioning of the Baku-Tbilisi-Erzurum gas pipeline." At present Turkey and Georgia put in claims on contracted full volumes of "blue fuel." Turkey having cheaper Azerbaijan gas is going to establish new relations with Russian and Iranian suppliers. At the same time Azerbaijan keeps on expanding its export potential. This year the country is going to bring the oil production up to 30.5 million tons of oil, which is a record indicator for the republic.

    • EXCLUSIVE


  • AZERBAIJAN GAS CAN BE EXPORTED BOTH THROUGH NABUCCO AND AS LNG


    "The Black Sea is a quite new unexplored field. It is very important exploratory field for TPAO. We hope prospecting works to be carried out within 5 years will enable to discover the hydrocarbon potential of the Black Sea as well as large oil and gas deposits," the Executive Vice-President, the Member of Board of TPAO, Mete Gurel said in the exclusive interview to Caspian Energy Investor.

  • ANYHOW GAZPROM WILL RESERVE TO ITSELF AT LEAST 51% IN SHTOKMAN


    "We suppose gas from Shtokman to be contracted in a way to deliver it to USA but reserve to ourselves the contract opportunity to reexport it to Europe. To our opinion it can comprise up to 20% of export volumes," the Chief of Gazprom Department on system analysis and project expertise, Igor Meshcherin said in the exclusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Caspian Sea


  • Kazakhstan


  • A NUMBER OF STRUCTURAL AND STAFF CHANGES IN KAZMUNAYGAZ
    OIL PRODUCTION IN KAZAKHSTAN GREW BY 10.9%

    National Petroleum Company of Kazakhstan KazMunayGaz carried out a number of structural and staff changes.

  • Turkmenistan


  • Turkmenistan-Russia


  • Russia



    • CASPIAN ECOLOGY



    GAS


  • UKRAINE READY TO PROVIDE STABLE TRANSIT OF HYDROCARBONS TO EUROPE
    The "gas" crisis that occurred last winter in Ukraine is not going to reappear. On August 23 the President of Gazprom JSC, Alexei Miller and the Minister of Fuel & Energy of Ukraine, Yuri Boyko discussed the current issues regarding cooperation in the gas sphere. On the eve of the visit Boyko said the situation with resources replenishment and price policy in the area of gas supplies was rather difficult, Caspian Energy Investor reports. On August 17 the Vice-Premier of Ukraine, Andrei Klyuyev declared the deficit of natural gas in the volume of 8 billion m3.

  • AGREEMENT ABOUT NEGP CONSTRUCTION REACHED


    Gazprom, BASF and E.OH have reached agreements on construction of the North European Gas Pipeline (NEGP). However, it is necessary to get the sanction of Sweden which stands against construction of the pipeline under the Baltic Sea.

  • TURKMENISTAN AND KAZAKHSTAN GAIN THE OPPORTUNITY TO SUPPLY EUROPE WITH GAS THROUGH THE SOUTH-CAUCASIAN PIPELINE


    Gazprom, BASF and E.OH have reached agreements on construction of the North European Gas Pipeline (NEGP). However, it is necessary to get the sanction of Sweden which stands against construction of the pipeline under the Baltic Sea.


    • TRANSPORTATION


  • Odessa-Brody


  • UKRAINE GAINS $112 MILLION DUE TO THE AVERSE OPERATION OF ODESSA-BRODY OIL PIPELINE


    Operation of the Odessa-Brody oil pipeline brought Ukraine around $112 million as payment for transit and port changes in Yuzhniy port (September 2004 - August 1, 2006), TNK-BP told journalists. He stressed TNK-BP planned to continue work on the Odessa-Brody route.

  • Baku-Novorossiysk


  • Baku-Supsa


  • CPC


  • Turkmenistan-Afghanistan-Pakistan


  • Caspian ports



    • ECONOMY


  • NEW APPOINTMENTS IN OIL INDUSTRY OF AZERBAIJAN


    ĞRamiz Mirzoyev, who headed Azerneftyag Oil Refinery up to now, has been appointed a Deputy Minister of Industry & Energy of Azerbaijan in line with the Decree of the President of Azerbaijan, Ilham Aliyev.

  • AZERBAIJAN-KOREAN BUSINESS FORUM HELD IN BAKU
    The history of the Azerbaijan-Korean economic relations has lasted for almost 10 years, the Deputy Head of the Ministry of Economic Development, Niyazi Safarov said when opening the today's session of the Azerbaijan-Korean Business Forum. The business-forum was organized by AZPROMO, the Investment Promotion Foundation, under support of the Ministry of Economic Development of Azerbaijan.


    • SOCAR


  • Projects


  • Drilling


  • JV


  • Budget


  • OPP


  • Automation



    • CONSORTIA


  • ACG



    • COMPANIES


  • BALTIC BANK ATTRACTS FUNDS FOR AZERBAIJAN COTTON PROCESSING PLANT


    On August 8 Parex banka successfully completed deposition of the first issue of bonds of Azerbaijan company Istehsalat-Kommersiya MMC (MKT) offered to foreign investors.


    • WORLD MARKET


  • OPEC DOES NOT PLAN TO CUT DOWN OIL PRODUCTION TILL THE END OF 2006


    The Organization of Petroleum Exporting Countries (OPEC) does not plan to cut down oil production and return to the system of quotas at least till the end of 2006. OPEC will keep on working to stabilize oil prices, OPEC President Edmund Daukoru said.