Caspian Energy Investor ¹ 28 (261) 25 September 2007
ACCENT
EU GETTING RID OF MONOPOLIES
AZERBAIJAN’S PRIORITY IS TO PRODUCE MORE OIL AND GAS, AND SUPPLY THEM TO EUROPE - NATIG ALIYEV
The package of drafts of European Commission’s directives on EU energy market reformation was submitted to Brussels on September 19. The EU states extending backup to the policy on the EU’s market diversification lobby the Nabucco project.
DEMONOPOLIZATION ACTIVITIES
IN THREE YEARS, A QUARTER OF POWER IN AZERBAIJAN WILL BE SUPPLIED BY PRIVATE-OWNED FOREIGN COMPANIES
Azerbaijan’s foreign debt is mainly (at 80.9%) consisting of loans for investment projects. His amount is today $1,599.6mio compared to $1,577.9mio in the early 2007, of which lion share, $749.2mio, falls for power engineering. So, this year Azerbaijan’s government revised its approach to funding the reconstruction and rise of generating capacities in power engineering sphere.
EXCLUSIVE
«NABUCCO PROJECT – IMPORTANT STEP TO ENERGY DIVERSIFICATION» - KESTUTIS KUDZMANAS
«Within Vilnius Energy Summit, several events shall take place. The energy dialog will be continued with participation of Krakow Summit attendants. The meeting of EU energy security correspondent network established in 2006 will take place; the purpose of this network is to monitor energy supplies to the EU countries and use this monitoring as an energy-related problems preventing tool. Ukraine initiated one more meeting of energy experts with consultations under Odessa-Brodi-Plotsk-Gdansk project. The fourth meeting includes consultations with Deloitte Lietuva. It concerns future events for representatives of energy companies of EU countries and companies of energy supplying countries», said Kestutis Kudzmanas, the Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to Azerbaijan, in his exclusive interview with Caspian Energy Investor.
CASPIAN REGION
Kazakhstan
KAZMUNAYGAS NC JSC SUMMARIZED JANUARY-AUGUST 2007
E&P KAZMUNAYGAS RELEASES FINANCIAL RESULTS FOR FIRST HALF-YEAR 2007
Oil and gas condensate production by KazMunayGas group of companies during January-August 2007 totaled 11.008MT, up 1% from the previous year.
Turkmenistan
Russia
PRESIDENT PUTIN APPROVED NEW RUSSIAN GOVERNMENT
During the meeting in Governmental House (September 24) President of Russia Vladimir Putin said the complement and structure of the government had undergone some changes.
Georgia
GAS
TRANSPORTATION
Caspian ports
ECONOMY
YAGUB EYUBOV PARTICIPATES IN THE CIS ECONOMIC COUNCIL
A number of documents to be submitted for consideration of the CIS Heads of State at the October’s summit were approved at the sitting of the CIS Economic Council held in Moscow under the chairmanship of Nikolai Azarov, Ukraine’s First Deputy Prime-Minister and Finance Minister.
AZERBAIJAN PARTICIPATES IN BUSINESSWOMEN FORUM IN BARI
The Azerbaijani delegation incorporating 12 businesswomen took part in the Italia’s Forum for Businesswomen from Balkans, Caucasus and Black Sea region arranged by the Italy’s Ministry of International Trade and the Italian National Institute of Foreign Trade.
INDUSTRIAL PRODUCTION’S GROWTH RATES IN AZERBAIJAN MAKE 32.7%
In January-August 2007 the growth rates of industrial production in Azerbaijan made 32.7%.
REVENUE PER CAPITA IN AZERBAIJAN EXCEED $1,110
During January-August revenues per capita displayed an increase of 38.1% over year, reached 958 manat ($1,110.6).
ADB ENHANCES ECONOMIC GROWTH PROGNOSIS FOR AZERBAIJAN
The Asian Development Bank (ADB) has enhanced its prognosis on economic growth in several FSU countries in 2007and 2008.
BAKU POWER PLANT RAISES PRODUCTION
104MW Baku power plant commissioned this February, generated over 53m kWh of electricity last month.
NBA’S CURRENCY RESERVES REACH $2, 979.5MIO
The currency reserves operated by the National Bank of Azerbaijan reached $2,979.5mio.
CONSORTIA
ACG
Honsany-Zykh
COMPANIES
WORLD MARKET
UGO CHAVEZ PREDICTS OIL PRICE GROWTH TO $100/BBL
Ugo Chavez, President of Venezuela, considers the current oil prices in the global market fair. "A barrel of oil could reach $100 in the nearest time, as it is a valuable non-renewable resource", he said Friday in Barquisimeto in front of thousands of his followers.