Caspian Energy Investor ¹ 29 (218)     13 September 2006


ACCENT


  • THE CASPIAN REGION GETS CLOSER TO EUROPE - ILHAM ALIYEV


    HEYDAR ALIYEV BAKU-TBILISI-CEYHAN PIPELINE ANTICIPATED PRACTICAL RESULTS OF G8 SUMMIT HELD IN SAINT PETERSBURG

    The 20th of September, the Oilmen’s Day of Azerbaijan is the date of signing the international Contract of the Century, which in 1994 laid the foundation of a new era of interrelations at the world energy market. And again Azerbaijan proved its leadership in this virtually important area like after onshore discovery of the first oil in the world at the first well of Bibi-Heybat and offshore first oil production in 1949. The Heydar Aliyev Baku-Tbilisi-Ceyhan transport energy corridor, which turned to be the first pipeline constructed at the territory of the former USSR, and enabled to diversify global export flows and opened the resources of the Caspian countries to the world market. The pipeline was started up on July 13 and became a continuation of this trend.

    Within the next few years the Caspian energy resources will supplement quite weighty, if to follow the modest calculations, already formed flows from the Near Eastern countries and Russia.

  • PERSPECTIVES OF COOPERATION BETWEEN AZERBAIJAN AND UKRAINE HAVE HUGE POTENTIAL - PRESIDENT OF AZERBAIJAN ILHAM ALIYEV


    UKRAINE HAS APPLIED TO AZERBAIJAN WITH THE REQUEST TO COMPOSE A SCHEDULE FOR OIL DELIVERIES SO AS TO RESTART THE AVERSE OPERATION OF THE ODESSA-BRODY OIL PIPELINE - PRESIDENT OF UKRAINE VICTOR JUSHCHENKO

    The interrelations between Azerbaijan and Ukraine always had a strategic character and were developing both in political and economic areas. During the last week President of Ukraine Victor Jushchenko paid an official visit to Azerbaijan (September 7-8). The outlooks to use the transit capacities of Ukraine for export of Azerbaijan oil were touched upon in the course of the visit.

    • EXCLUSIVE


  • “AZERBAIJAN INTENDS TO TURN INTO A LEADING STATE OF THE CASPIAN REGION IN THE ICT SECTOR,” ILTIMAS MAMMADOV SAID
    “The dynamics of development of the information and telecommunication technologies in Azerbaijan, the support rendered by the state to the sector, enhanced trust to the country as a result of the successful oil strategy, examples of successful cooperation with the international structures, formation of economy on the basis of high technologies, the image of the state as a regional leader in the ICT sector will be positively accepted by the international investment community,” the Deputy Minister of Communication and Information Technologies of Azerbaijan, Iltimas Mammadov said in the exclusive interview to Caspian Energy Investor.


  • “KAZAKHSTAN MEDITATES UPON TRANSITING ITS OIL THROUGH AZERBAIJAN AS ONE OF THE CONSTITUENTS OF THE POLICY ON HYDROCARBONS DELIVERY TO THE WORLD MARKETS,” THE AMBASSADOR OF KAZAKHSTAN TO AZERBAIJAN SAID


    “On June 16, 2006 the Presidents of our countries signed the Agreement about support and contribution to oil transportation from Kazakhstan through the Caspian Sea and the territory of Azerbaijan via the BTC system. In future we are to settle a number of current problems including elaboration of agreements to fix provisions, rights and obligations of Kazakhstan, Azerbaijan and investors regarding implementation of the project that define the list and number of facilities to be included in the Trans Caspian transport infrastructure, etc”, the Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of Azerbaijan, Andar Shukputov said in the exclusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Kazakhstan


  • $16.8 BILLION TO BE INVESTED IN DEVELOPMENT OF THE KAZAKH SECTOR OF THE CASPIAN SEA IN 2011-2015


    MEMR RAISES A CLAIMS TO TCO

    Kazakhstan is expanding the potential to develop the resources of the Caspian Sea. As Zhakyp Marabayev, the Managing Director of NC KazMunayGaz JSC said during the first Eurasian Energy, the amount of investments in development of the Kazakh sector of the Caspian Sea is going to comprise $16.8 billion in 2011-2015. Simultaneously the country develops the infrastructure of offshore fields. At the same time Kazakhstan toughens requirements imposed on oil producing companies.

  • Turkmenistan


  • Azerbaijan-Russia



    • MEP



    TRANSPORTATION


  • Baku-Novorossiysk


  • Baku-Batumi


  • Caspian ports



    • ECONOMY


  • AZPROMO GOES TO THE REGIONS
    AZERBAIJAN-ITALIAN BUSINESS FORUM TO BE HELD IN MILAN

    The Azerbaijan-Italian Business Forum arranged by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) will be held in Milan in the second decade of October.


    • SOCAR


  • SOCAR PRODUCED ALMOST 6 MILLION TONS OF OIL SINCE THE BEGINNING OF 2006
    The State Oil Company of Azerbaijan (SOCAR) ramps up oil production volumes.


    • CONSORTIA


  • ACG



    • COMPANIES



    WORLD MARKET


  • GIANT OIL RESERVES DISCOVERED IN THE GULF OF MEXICO


    CARTEL KEEPS QUOTAS UNCHANGED

    The three oil companies operated by Chevron discovered a giant oil basin in the shelf of the Gulf of Mexico. The volume of the basin is suggested to comprise from 3 to 15 billion barrels of hydrocarbon fuel.