Caspian Energy Investor ¹ 30 (219)     20 September 2006


ACCENT


  • PRESIDENT OF AZERBAIJAN ILHAM ALIYEV REWARDS OILMEN


    AZERBAIJAN CELEBRATES OILMEN’S DAY AND 12TH ANNIVERSARY OF THE “CONTRACT OF THE CENTURY”

    Today (September 20) is a memorable day in the oil history of Azerbaijan. The country celebrates the Oilmen’s Day, a professional holiday, and the 12th anniversary since the date of signing “the Contract of the Century.”

    In connection with this memorable event President of Azerbaijan Ilham Aliyev has inked a decree about awarding orders, medals and honorary title “Honoured Engineer” to oilmen.

    The State Oil Company of Azerbaijan has prepared a wide plan of arrangements.

  • BASIC PENSION IN AZERBAIJAN TO BE BROUGHT UP TO 60 MANATS IN 2008
    CIBC MEMBERS MEET WITH CHAIRMAN OF THE STATE SOCIAL PROTECTION FUND SALIM MUSLIMOV

    The companies-members of the Caspian Integration Business Club (CIBC) and the Chairman of the State Social Protection Fund of Azerbaijan (SSPF), Salim Muslimov have had a meeting so as to establish a business-to-power dialogue.

  • ENERGY STABILITY FACTOR OF THE EURASIAN SUBCONTINENT


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

    To date Kazakhstan holds the 6-7th position in the world on oil and gas reserves and the 2nd position on uranium reserves, which are viewed as strategic raw materials today, President of Kazakhstan Nursultan Nazarbayev told on September 13 in the Akorda presidential palace. The President thinks “within the next 8-10 years Kazakhstan is going to produce 3.5 million barrels of oil a year. Out of this amount 3 million will be delivered to the world market. Gas will comprise 6-80 billion m3. Therefore, Kazakhstan is turning into a factor of energy security in Asia and Europe”.

    Nursultan Nazarbayev considers the issue regarding transportation of Kazakh oil to the world markets to be very important as well. “As you know the capacity of the North Caspian Pipeline is going to be raised from 25 to 60 million tons a year. Commissioning of the Atasu-Alashankou oil pipeline with the throughput capacity of 20 million tons of oil a year, Kazakhstan’s joining the Baku-Tbilisi-Ceyhan project, which is destined to pump up to 10 million tons of oil with gradual expansion up to 25 million prove the efficient work aimed at development of new export routes,” the President said. Thus, “we are the factor of energy stability of the Eurasian subcontinent,” Nursultan Nazarbayev stressed.

    The international rating, which was awarded to Kazakhstan by Standard & Poor’s and Moody’s Investors international rating agencies, proves improvement of the investment climate in the country. Today Kazakhstan is an attractive country for not only biggest oil and gas companies but also for financial institutions and international financial organizations.


    • EXCLUSIVE


  • STRATEGIC PARTHNERSHIP WITH THE EUROPEAN UNION IS OUR PRIORITY– NATIG ALIYEV
    THE WORK ON BAKU-TBILISI-CEYHAN PROJECT BEGINS TODAY

    “The European Union wants Azerbaijan to accept rules of game existing in Europe through adaptation for laws and gradual adoption of those laws, rules and norms that work in Europe. Secondly, Europe is interested in the strategic partnership in transportation and production of reserves. Thirdly, Europe shows interest in reorganization or restructuring, upgrading of the whole structure of the fuel and energy complex in Azerbaijan, which also includes price formation, tariffs and energy saving”, the Minister of Energy and Industry of Azerbaijan, Natig Aliyev said in the exclusive interview to Caspian Energy Investor.


  • AROUND 6 PER CENT OF GLOBAL OIL CONSUMPTION WILL BE MET BY MEANS OF ROUTES ACROSS TURKEY - HILMI GULER
    “The Turkey’s energy strategy is set to supply energy in a timely, reliable, cost-effective, environmentally sound and high-quality basis. In addition, Turkey has undertaken a new mission of becoming an energy hub in its region. For this purpose, several cross-border energy projects have been introduced and executed so far, with ultimate aim of forming an energy bridge between the producers and consumers which would also enhance energy security of Turkey”, the Minister of Energy and Natural Resources of Turkey, Hilmi Guler said in the exclusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Kazakhstan


  • KAZMUNAIGAZ EXPLORATION & PRODUCTION JSC ANNOUNCES A PRICE RANGE FOR FORTHCOMING GLOBAL OFFERING


    KazMunaiGaz Exploration and Production JSC (thereinafter EP KMG or Company), one of the leading oil producers in the Republic of Kazakhstan, announces an indicative price range (“Price range of Global offering”) on new ordinary shares. The main shareholder of the Company, National Company KazMunaiGaz JSC (NC KMG), will also display for sale ordinary shares recently purchased (placed) in compliance with the Price Range of Global offering so as to offer shares for redistribution and stabilization.

  • Turkmenistan



    • GAS



    MEP



    ECONOMY



    SOCAR


  • Petroleum refineries


  • Tenders


  • Drilling



    • CONSORTIA


  • Shah Deniz



    • COMPANIES



    WORLD MARKET


  • SWEDISH STRATEGY


    Whereas entire Europe searches for all possible ways to import energy resources to the continent and opportunities to use alternative energy sources, Sweden is going to refuse form oil and gas. “Energy woods” are already grown in Swedish Saver village. This is a Lodgepole Pine (Pinus contorta) to be used first of all for biofuel production. The quantity of timber produced from the Lodgepole Pine is 40% higher than that from a usual European Pine, it is less subjected to deceases and the citrus aroma makes it unattractive for elks that destroy large wood areas. There are thousands of pots with pine plantlets producing unusual citrus aroma in huge greenhouses.