Caspian Energy Investor ¹ 31 (220)     27 September 2006


ACCENT


  • COMPANIES CIBC-MEMBERS MEET WITH MINISTER OF ENERGY AND INDUSTRY OF AZERBAIJAN NATIG ALIYEV


    Today (September 27) the companies-members of the Caspian Integration Business Club (CIBC) have had a meeting with Natig Aliyev, the Minister of Energy and Industry, the Acting Co-Chairman in CIBC from the side of Azerbaijan with the view of activating the business-to-government dialogue.

  • RUSSIAN GAS SUPPLIES TO INCREASE IN PRICE
    BLUE FUEL IMPORTERS TO FACE HEAVY NEGOTIATIONS

    The statements of Russia about oil supplies to be delivered to the countries of CIS and Baltics at the average European prices, which shook the Eurasian continent last year, are sharply felt nowadays. Russia that agreed to purchase “expensive” gas from Turkmenistan unambiguously let know that it is not going to indulge to anyone. Ukraine decided to have the matter out first, however, the talks between the two premiers have not resulted in real agreement, though the parties promised to settle gas issues by mid October. Belarus and Russia also delay solving gas issues. Azerbaijan that is going to put the Shah Deniz gas condensate field into operation this year has options to choose between. If the surge of increase in gas prices does not pass Azerbaijan, the country may cut volumes of imported fuel.

    • EXCLUSIVE


  • KAZAKHSTAN GETS TO OBSERVE BALANCE OF INTERESTS – BAHTYKOJA IZMUKHAMBETOV
    “The core goals of the Programmes are: to bring the production volume to the high stable level and develop the corresponding infrastructure; to establish domestic production and create national scientific and technological base; to train highly skilled Kazakh specialists; to ensure rational and complex development and use of resources of the Caspian Sea and develop other branches of economy in the country”, the Minister of Energy and Mineral Resources of Kazakhstan, Bahtikoja Izmuhambetov said in the exclusive interview to Caspian Energy Investor.


  • KAZAKHSTAN GETTING STRONGER IN WORLD POLITICS – AMBASSADOR OF KAZAKHSTAN TO AZERBAIJAN


    I THINK KAZAKHSTAN SHOULD BECOME THE FIRST PRIORITY MARKETS FOR US

    “The economy of our countries is called transitional because we are new sovereign states that became independent few years ago. But we have already overcome this period. Within 15 years after declaration of independence we followed different ways so as to set up our market economy. I think Azerbaijan and Kazakhstan can be referred to those countries that succeeded in economic reforms”, Extraordinary and Plenipotentiary Ambassador of the Republic of Azerbaijan to the Republic of Kazakhstan Lyatif Gandilov said in the excusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Kazakhstan


  • INVESTMENT SURGE: KAZAKHSTAN KEEPS ON INVOLVING LARGE INVESTORS


    OWNERS OF BATUMI OIL TERMINAL ALSO FORM A STRATEGIC ALLIANCE WITH KAZMUNAIGAS

    Kazakhstan that owns huge hydrocarbon reserves keeps on involving large investors in the oil and gas sector of the country. Investments cover all fields of the fuel and energy sector of Kazakhstan. Petro Vietnam expressed intentions to open a representative office in Kazakhstan last week. Shell is going to sign a contract for development of a new deposit in Kazakhstan. The official act that enables commissioning of the upgraded Atyrau Oil Refinery has been signed in Kazakhstan; the projects on hydropower industry development are currently viewed in the country.

  • Turkmenistan


  • Russia



    • CASPIAN ECOLOGY


  • OIL ESCAPE SOURCE IN ALI BAYRAMLY STILL UNKNOWN


    The special Commission, which includes the specialists of the Ministry of Ecology and Natural Resources of Azerbaijan and the State Oil Company of Azerbaijan, still cannot reveal the source of the accident in Ali Bayramly.


    • MEP


  • AZERBAIJAN TO RATIFY THE AGREEMENT ABOUT KAZAKHSTAN’S JOINING BTC
    The law draft “On ratification of the Agreement between the Republic of Azerbaijan and the Republic of Kazakhstan “On support and creation of conditions for oil transportation from Kazakhstan to world markets through the Caspian Sea and the Baku-Tbilisi-Ceyhan system via Azerbaijan” has been submitted to Milli Majlis of Azerbaijan.


    • TRANSPORTATION


  • Baku - Novorossiysk


  • Baku -Tbilisi -Erzurum


  • Caspian ports


  • Odessa-Brody



    • ECONOMY


  • 2007 DRAFT BUDGET SUBMITTED TO THE PRESIDENT OF AZERBAIJAN FOR CONSIDERATION


    The 2007 draft budget has been submitted to President of Azerbaijan Ilham Aliyev for consideration upon completion of the discussions held on September 25 in the Cabinet of Ministers under the chairmanship of Prime Minister Artur Rasizadeh. The discussions revolved around the 2007 draft state budget, conception and forecast of development of Azerbaijan Republic for 2007 and the next 3 years.

  • RF STATE DUMA APPROVES 2007 DRAFT BUDGET IN FIRST READING


    The RF State Duma has approved the 2007 draft federal budget during the first reading. During the plenary session (September 22) MPs approved the following macroeconomic parameters offered by the government: revenues - in total 6 trillion 965.3 billion rubles (22.3% of the GDP), expenditures - 5 trillion 463.5 billion rubles (17.5% of the GDP), proceeds - 1 trillion 501.8 billion rubles (4.8% of the GDP).

  • DIRECT NEGOTIATIONS EXPAND ECONOMIC COOPERATION BETWEEN KOREA AND AZERBAIJAN


    The business negotiations held between the businessmen of South Korea and Azerbaijan today (September 26) in Baku enabled the entrepreneurs of the two countries to establish direct business contacts.


    • EXHIBITIONS


  • BIHE 2006 AND STOMATOLOGY AZERBAIJAN 2006 EXHIBITIONS HELD IN BAKU


    The 12th International Healthcare Exhibition (BIHE-2006) and the 1st Stomatology Azerbaijan Exhibition are currently held in Baku (September 26-29).

  • 120 COMPANIES TO TAKE PART IN BAKUTEL INTERNATIONAL EXHIBITION


    Over 120 companies from 20 countries will take part in the 12th International Telecommunication and Information Technologies Exhibition.


    • SOCAR


  • Technologies


  • Construction


  • Drilling


  • Projects



    • CONSORTIA


  • Zykh-Govsany



    • COMPANIES



    WORLD MARKET


  • OPEC MAY CUT OIL PRODUCTION QUOTAS IN AUTUMN


    EXPORTING COUNTRIES TO KEEP THE PRICE WITHIN 60 USD PER BARREL

    The experts from the Organization of Petroleum Exporting Countries (OPEC) intend to work out proposals related to reduction of quotas on production and export of crude hydrocarbons for the forthcoming meeting of the OPEC Oil Ministers to be held in December. It is not excluded that the decision to cut production volumes will be made before the December meeting in Nigeria. Though, oil prices reached 60 USD per barrel.

    Meanwhile, considering the prospects on global energy market development RF President Vladimir Putin thinks it is necessary either to supplement new provisions to the Energy Charter or to work out another document.