Caspian Energy Weekly ¹ 29 (183)     10 November 2005


ACCENT


  • DELAYS IN COMMISSIONING OF BAKU-TBILISI-CEYHAN


    TURKEY, ITALY AND RUSSIA TO BUILD NEW OIL PIPELINE TO CEYHAN

    The date of commissioning of the Baku-Tbilisi-Ceyhan (BTC) strategic pipeline named after Heydar Aliyev has been postponed again. However, this has not caused any delay in the negotiation process between Azerbaijan and Kazakhstan regarding flow of Kazakh oil via Azerbaijan. It may be noted the oil producers are also looking into alternative routes other than straits running through Turkey.

  • INVESTORS EXCHANGE GLANCES


    NEW PLAYERS IN TURKMENISTAN SECTOR OF THE CASPIAN

    Turkmenistan submitted over thirty perspective blocks with approximate resources of eleven billion tons of oil and 5.5 trillion cubic meters of gas for the consideration of investors. Several Western and Russian oil companies have already expressed their interest to these structures. The State Entity for the Caspian Sea Affairs under the direct supervision of Turkmenistan President forecasts twenty five billion US dollars to be invested in offshore explorations of Turkmenistan sector of the Caspian Sea by 2020 mainly by foreign investors. Production of twenty million tons of oil and five billion cubic meters of gas is planned by 2010 in Turkmen offshore area and the volumes of production are to be increased to thirty million tons of oil and thirty billion cubic meters gas by 2015.


    • CASPIAN REGION


  • Kazakhstan


  • Iran


  • Iran-Russia


  • Russia


  • Uzbekistan



    • GAS



    TRANSPORTATION


  • PRESS-RELEASE

    MUTUAL ADVANTAGEOUS COOPERATION


    THERE WAS SIGNED NEW BILATERAL AGREEMENT BETWEEN RUSSIAN SHIPPING REGISTER AND ABS

  • Odessa-Brody

  • Baku-Novorossiysk

  • Baku-Batumi

  • Kars-Akhalkalaki-Tbilisi-Baku

  • Karachaganak-Aksai - Uralsk


    • ECONOMY



    SOCAR


  • Forecast

  • Production


    • CONSORTIA


  • ACG

    • COMPANIES



    WORLD MARKET


  • OIL MARKET IS BALANCED
    OIL CAN RISE IN PRICE FOR $13 PER BBL. IN THE NEAREST 25 YEARS

    World oil market is balanced as a result of smaller than it was expected of demand's growth. As Reuters informs, the head of International Energy Agency (IEA) Claude Mandil informed about it on Tuesday. He also has noted that IEA closely keeps up attributes of that oil supplies are at a poor level. In September the agency has disposed to open access to spares of oil and mineral oil after hurricane "Catherine" has fallen to USA.