Caspian Energy Investor Ή 30 (263) 5 October 2007
ACCENT
KIOGE-2007 HOSTED 600 COMPANIES FROM 33 COUNTRIES WORLDWIDE.
KAZMUNAYGAS CONSIDERING EXPEDIENCY AND PROBABLE PARTICIPATION IN THE TRANSCASPIAN GAS PIPELINE AND BURGAS-ALEXANDROPOULOS PROJECTS
The 15th Kazakhstan International Oil & Gas Exhibition and Conference, KIOGE-2007 opened on October 2 in Almaty (Kazakhstan). From its very foundation KIOGE is taking place under the supervision and at direct participation of the Ministry of Energy and Mineral Resources of Kazakhstan and KazMunayGas NC JSC. At the opening ceremony Uzakbai Karabalin, KazMunayGas President said mainly the Caspian Sea shelf would promote the increase in crude hydrocarbons production in Kazakhstan in the medium-term perceptive. In addition, the country’s legislation sets the KazMunayGas’s shareholding in all newly concluded PSA at 50 percent, the Caspian Energy Investor’s correspondent reports from Almaty.
USA MAINTAINS DIVERSIFIED EXPORT ROUTES OF TURKMENISTAN’S GAS
The USA ‘has nothing against long-term and traditionally friendly relations between Turkmenistan and Russia and Gazprom’ but believe ‘Ashgabat should have the opportunity to develop other export routes’.
EXCLUSIVE
“HIGH RATES OF KAZAKHSTAN’S ECONOMIC GROWTH ACHIEVED THROUGH QUALITY BREAKTHROUGH IN ALL DIRECTIONS” – GALIM ORAZBAKOV
«Kazakhstan’s economy has reached a high openness level so far. First it is determined by the level of engagement in international division of labour, secondly by broad liberalization of foreign economic activity and the enhanced volumes of foreign trade», said Galim Orazbakov, Minister of Industry and Trade of Kazakhstan, in his exclusive interview with Caspian Energy Investor.
«MOU KAZMUNAYGAS-SOCAR SHALL BE REGARDED AS A STEP IN TRANS-CASPIANM PROJECT» - UZAKBAY KARABALIN
«Our concept of the Trans-Caspian system suggests developing oil transportation in tankers in amount of up to 20MTa. Further we will be discussing the efficiency of alternative methods of transportation. Speaking of Trans-Caspian gas pipeline: among all others, we do not leave this project without attention, we examine it and study its expedience and economic efficiency. Alongside, it is untimely to speak of implementation of the Trans-Caspian project», said Uzakbay Karabalin, President KazMunayGas NC JSC, in his exclusive interview with Caspian Energy Investor.
CASPIAN REGION
Kazakhstan
Russia
Georgia
Iran
GAS
MEP
Export
BTC
TRANSPORTATION
AZERBAIJAN CONSIDERS TERMS OF OIL TRANSFER VIA ODESSA-BRODI-GDANSK PIPELINE
Azerbaijan has confirmed its participation in Odessa-Brodi-Gdansk Pipeline Project but its participants shall yet identify fees and cost effectiveness of the transit, Energy Investor reports citing President SOCAR Rovnag Abdullayev.
ECONOMY
FALL SESSION OF MILLI MADJLIS IS LAUNCHED
Third EITI meeting took place
The Board of the Extraction Industry Transparence Initiative (EITI) held its third meeting in Oslo (September 27). SOFAZ officials told Caspian Energy Investor participating in the meeting was SOFAZ’s Executive Director and Chairman EITI Commission Shahmar Movsumov.
TWO DOCUMENTS SIGNED IN THE FOLLOW-UP OF 1ST MATERIAL AND INFORMATION SCIENCE IN HIGH-TECH SPHERE INTERNATIONAL CONFERENCE
MINISTRY OF ECONOMIC DEVELOPMENT EXAMINES INVESTORS’ PROPOSALS ON SECOND PRIVATE-OWNED PLANT
This week the Ministry of Economic Development is finishing the assessment of consultants proposals on the tender covering installation of the second 700MW private-owned power plant in Azerbaijan. Caspian Energy Investor reports, Chief of Invetsments and Techncial Assiatance coordination Asker Alekperov said the plant would be located in Ganja or Sumgayit.
CONTRACT FOR REHABILITATION OF AZERBAIJAN HPP POWER UNITS SIGNED
USD 42BN INVESTED IN AZERBAIJAN’S ECONOMY SINCE 1995
The International Conference “Direct investments in the Caspian and Black Sea regions” opened today (October 2) in Baku. The Azerbaijan-Turkish Association of Entrepreneurs (ATIB) and the Union of Black Sea and Caspian Confederation of Enterprises (UBCCE) are the event’s organizers.
National Fund of Business Support to receive 80mio manat in 2008
On October 1 the meeting at the Ministry of Economic Development was held with the discussion of the National Fund for Business Support (NFBS) under the Program of Regional Development of Azerbaijan, the Ministry officials told Caspian Energy Investor.
SHIPYARD PRESENTATION TO TAKE PLACE IN NOVEMBER
STX of Korea is ready to start joint project (with Azerbaijan Investment Company), the construction of Caspian Shipyard. According to Asker Alekperov, Chief of Foreign Investments and Technical Assistance Coordination with the Ministry of Economic Development, STX has completed feasibility study, Caspian Energy Investor reports.
NEARLY 1.5 BLN KWH OF ENERGY PRODUCED IN AZERBAIJAN IN SEPTEMBER
Nearly 1.5bln KWh of electrical energy was produced by Azerenerji JSC this September. Out of the above-stated amount 1.4bln KWh of energy account for thermoelectric power stations and 0.1bln KWh for hydropower stations, the Azerenerji’s press service told Caspian Energy Investor.
SOCAR
COMPANIES
WORLD MARKET
PETROLEUM PRODUCT EXPORT GROWING UP
Europe needs more diesel.
ANGOLA RAMPS UP OIL PRODUCTION
EXHIBITIONS
FOUR COMPETIITIONS IN FOUR DAYS
On October 2, the 13th BakuBuild-2007 Exhibition and Conference was launched at Heydar Aliyev Sports and Exhibition Complex. The event is taking place alongside the 2nd AzRealty-2007 Exhibition, 3rd ΡΕΜ-2007 Exhibition and 5th (Jubilee) Caspian MebelExpo-2007 Exhibition.