Caspian Energy Investor № 31 (264) 11 October 2007
ACCENT
SARMATIA LLC ESTABLISHED IN VILNIUS
HEADS OF GUAM MEMBER STATES MEET TO CELEBRATE 10TH ANNIVERSARY
Vilnius Energy Security Conference 2007: Responsible Energy for Responsible Partners put all issues in a row and neared energy interests of Azerbaijan, Ukraine, Georgia, Moldova, Lithuania, Latvia, Poland and Kazakhstan. Multilateral documents signed during the conference are a good evidence of that. At the same time Vilnius hosted (October 10) summit of GUAM member-countries dated to 10th anniversary of this organization.
SWITZERLAND INTERESTED IN ENERGY COOPERATION WITH AZERBAIJAN
SWITZERLAND INVITED AZERBAIJAN TO PARTICIPATE IN TRANS-ADRIATIC GAS PIPELINE
Switzerland is stating its interest in developing cooperation with Azerbaijan in energy sector. As a result, a MOU on energy cooperation was signed. Moreover, Switzerland is interested in Azerbaijan’s participation in Trans-Adriatic Gas Pipeline Project. This was discussed during the visit of Swiss delegation headed by Chairman of F to Azerbaijan on October 8-9.
CIBC
MOLDOVA READY TO ACCEPT AND CREATE ALL FAVORABLE CONDITIONS FOR AZERBAIJANI COMPANIES – PRESIDENT OF MOLDOVA
Today the delegation of the Caspian Integration Business Club (CIBC) met with President of Moldova Vladimir Voronin within the IV Investment Forum and V Interbank Conference (October 11, Chisinau).
KAZAKHSTAN INTERESTED IN DEEPENING BUSINESS CONTACTS WITH CIBC -- SAUAT MINBAYEV, MINISTER OF ENERGY AND MINERAL RESOURCES OF KAZAKHSTAN
EXCLUSIVE
«EU IS NOT READY TO HAVE A COMMON ENERGY POLICY», - LECH KACZYNSKI
«The diversification of energy raw materials in terms of supplies is one of the strategic objectives of the Polish Government. I think that the current balance of supplying Poland with energy carriers may pose a threat to our country’s energy security. As I said before, over half of the gas and 80% of the oil comes from Russia. We are not afraid of the Russians as suppliers, but we want to be certain that should any problems arise, e.g. technical problems, we would still be able to import the required raw materials from other directions. Hence, Poland’s talks with Norway and Denmark on the gas line, building of an LNG terminal and intense works on the Odessa-Brody-Plock-Gdansk project with Azerbaijan, Georgia, Kazakhstan, Ukraine and Lithuania», said Lech Kaczynski, President of Poland, in his exclusive interview with Caspian Energy Investor.
CASPIAN REGION
Kazakhstan
CONTRACT WITH ENI ON KASHAGAN WILL NOT BE REVISED
The contract with ENI on development of Kashagan oilfield will not be revised, said President of Kazakhstan Nursultan Nazarbayev (October 8) during the press conference following talks with PM of Italy Romano Prodi.
GAS
UKRAINE, BELARUS ON THE BRINK OF GAS COLLAPSE
MOSCOW PREPARING TO GAS WAR AGAINST KIEV; MINSK MAKING CONDITIONS TO MOSCOW
Likely Yuliya Timoshenko’s returning in capacity of Ukrainian PM made Moscow regroup its forces on gas front. The details of this week’s agreements on settling Ukraine’s gas supply debt have not been disclosed so far. However, comments sounded by President Putin and Prime-Minister Zubkov following the meetings with current Ukrainian PM Victor Yanukovich do not leave any doubt in the purpose of the maneuver being made.
AZERBAIJAN SUSPENDING GAS DELIVERY TO GEORGIA
Starting October 11 or 12 Azerbaijan will suspend natural gas delivery to Georgia.
MEP
RELIANCE INDUSTRIES INTENDS TO PURCHASE 1MB OF SOCAR’S OIL FROM CEYHAN PER MONTH
The contract between the State Oil Company of Azerbaijan (SOCAR) and Reliance Industries was signed for direct delivery of Azeri Light oil from port of Ceyhan. SOCARMO officials told Caspian Energy Investor the contract will be effective one year.
SOCAR MO ANNOUNCES TENDER FOR SALE OF PROFIT OIL FROM CEYHAN
SOCAR-run Marketing Operations Department has announced the tender for sale of the 17h load of Azerbaijan’s profit oil.
ECONOMY
IV MEETING OF MAIL ADMINISTRATIONS WITH OEC IN BAKU
The IV meeting of Mail Administrations of countries within Organization of Economic Cooperation (OEC) is taking place in Baku (October 9-10).
NEW STATIONS ERECTED IN AZERBAIJAN
To provide uninterrupted power supply for refugees and IDPs, 25MVA Bilasuvar station was built and commissioned in Bilasuvar.
503MIO MANAT OF COMMUNICATION SERVICES PROVIDED TO POPULATION DURING 9 MONTHS OF 2007
Yesterday (October 4) took place the meeting of the Ministry of Communications and IT of Azerbaijan dedicated to outcomes of 9 months of 2007.
MOSCOW’S GOVERNMENT STANDS FOR ACTIVATING TRADE-ECONOMIC RELATIONS WITH AZERBAIJAN
Today (October 4) Azerbaijan and Moscow have held the 6th sitting of the Intergovernmental Commission on Trade and Economic Relations. The conference ended in singing the protocol on execution of the agreement between the governments of Azerbaijan and Moscow on cooperation in trade-economic, scientific and technical, and cultural areas.
AZERBAIJAN EXPECTS TURKEY TO TAKE PART IN ENERGY FACILITIES CONSTRUCTION PROJECTS
Natig Aliyev, Azerbaijan’s Industry and Energy Minister held a meeting with the delegation of businesspeople from Turkey, Azerbaijan’s Ministry of Industry and Energy told Caspian Energy Investor.
NFBS GRANTED LAX CREDITS TO 518 LEGAL ENTITIES IN 2007
During 9 months of 2007 the National Fund for Business Support (NFBS) granted lax credits to 518 legal entities in 52 towns and rayons of Azerbaijan.
RULES OF EXPORT AND IMPORT ASSESSMENT OF GOODS REVISED TO COMPLY WITH WTO STANDARDS
The Cabinet of Ministers of Azerbaijan approved the revision to the Resolution “Introduction of System of Assessment of Imported and Exported Goods” dated January 12, 1998.
MEETING OF COMMUNICATION MINISTERS OF AZERBAIJAN, GEORGIA, KAZAKHSTAN AND TURKEY UNDER TAE CASPIAN SEGMENT INSTALLATION PROJECT TO TAKE PLACE IN NOVEMBER
Communication Ministers of Azerbaijan, Georgia, Kazakhstan and Turkey can meet under TAE Caspian Segment Installation Project during BakuTel-2007 Exhibition to take place November 21 in Baku.
AZERBAIJANI-GERMAN BUSINESS FORUM DUE IN BAKU
Azerbaijani-German business forum is taking place within the official visit of Federal Minister of Economics and technology of Germany Michael Gloss.
SOCAR
Добыча
SOCAR RELEASES PRODUCTION VOLUMES FOR 9 MONTHS
For January-September 2007 the State Oil Company of Azerbaijan (SOCAR), Operating Companies (OCs) and Joint Ventures (JVs) produced 6611.29kT of oil produced at offshore and onshore fields, which is 124.41kT (or 1.8 percent) less compared to the respective period of 2006, SOCAR told Caspian Energy Investor.
Drilling
Oil products
Standardization
COMPANIES
WORLD MARKET
OPEC’S SUMMIT DUE NOVEMBER 17-18 IN SAUDI ARABIA
OPEC’s Summit is taking place November 17-18 in Riyadh, RIA Novosti reports citing Minister of Oil and Mineral Resources of Saudi Arabia Ali al-Nueimi. The meeting agenda includes ‘delivery of energy crude to global market, maintaining sufficiency in the global market and environmental protection,’ Minister told Saudi Press Agency (SPA).