Caspian Energy Investor ¹ 33 (222)     10 October 2006


ACCENT


  • TO ENSURE MAXIMUM FAVOURABLE CONDITIONS IS THE CHIEF GOAL - GERMAN GREF


    Against the background of the Russian-Georgian conflict the previous week turned to be especially interesting with respect to the Azerbaijan-Russian cooperation. The numerous visits of top Russian officials and businessmen, the call paid by Elmar Mamedyarov, the Minister of Foreign Affairs to Moscow show the Russia’s intentions to strengthen its economic interests in the Trans Caucasia. The prospects to expand business between Azerbaijan and Russia seem to be especially attractive. Due to this RF Minister of Economic Development & Trade German Gref, Lukoil President Vagit Alekperov and other top representatives of business and science visited Baku late last week.

  • CIBC TAKES PART IN KIOGE-2006
    The delegation from the Caspian Integration Business Club and Caspian Energy International Publishing House took part in the 14th KIOGE-2006 Exhibition & Conference held on October 3-6 and displayed the stand. The talks with the leadership of the Kazakhstan’s fuel & energy complex and a number of energy companies actively involved in the Kazakh market were held during the exhibition.

  • LOCAL CONTENT IN OIL AND GAS PROJECTS IMPLEMENTED IN KAZAKHSTAN GROWING


    14TH KIOGE-2006 EXHIBITION & CONFERENCE HELD IN ALMATY COMES TO THE END

    Over 500 companies from 38 countries took part in the 14th KIOGE-2006 Exhibition & Conference held on October 3-6 in Almaty. The 14th International KIOGE-2006 Conference was held simultaneously with the Exhibition on October 4-5 in Almaty. The representatives from ministries and departments of the Black Sea-Caspian countries as well as large oil and gas corporations of the world spoke at the conference. The review of the most urgent speeches and presentations can be read below.

    • EXCLUSIVE


  • KAZAKHSTAN TO ENTER THE NUMBER OF COUNTRIES WITH RICH WORLD PROVED GAS RESERVES - MINISTER OF ENERGY & MINERAL RESOURCES OF KAZAKHSTAN
    “Kazakhstan is actively developing several export directions so as to form efficient routes for exportation of Kazakh hydrocarbons. To maintain the existing transport system and development of the transit direction through Russia we carry out work on the CPC oil pipeline expansion project and study expansion of the Atyrau-Samara oil pipeline’s capacity.

    To join new export systems the conditions are being formed to ensure transportation of Kazakh oil through the Caspian Sea to Baku and from there to the Baku-Tbilisi-Ceyhan oil pipeline”, Bahtikoja Izmuhambetov, the Minster of Energy & Mineral Resources of Kazakhstan said in the exclusive interview to Caspian Energy Investor.


    • CASPIAN REGION


  • Kazakhstan


  • UNCONDITIONAL TRADING OF KMG EP’S GDRS ON THE KAZAKHSTAN STOCK EXCHANGE COMMENCED
    GDRS of KMG EP HAVE BEEN ADMITTED TO THE UKLA’S OFFICIAL LIST

    Unconditional trading of KMG EP’s newly-issued ordinary shares commenced on the Kazakhstan Stock Exchange unconditionally on October 04, 2006. KMG E&P further announced that its global depositary receipts (”GDRs”) have been admitted to the UKLA’s Official List and on October 05 commence trading unconditionally on the London Stock Exchange.


    • GAS


  • GAZPROM TO DEVELOP SHTOKMAN DEPOSIT WITHOUT FOREIGN INVESTORS


    PIPELINE TRANSPORT WILL DELIVER SHTOKMAN GAS TO EUROPEAN MARKET

    The Gazprom’s Board of Directors has given preference to pumping pipeline gas from the Shtokman deposit to the European market rather than to LNG supplies.

  • PIPELINE THROUGH THE BALTIC SEA IS A PRIORITY ENERGY PROJECT FOR THE EUROPEAN UNION
    NORD STREAM NEW COMPANY NAME

    The EU Commission has declared the planned pipeline under the Baltic Sea a priority energy project and it has confirmed its special status as a part of the Trans European Network (TEN-E).


    • MEP


  • OIL EXPORT THROUGH BTC EXCEEDS 3 MILLION TONS
    In September Azerbaijan pumped across the Baku-Tbilisi-Ceyhan pipeline 1,146,404 tons of its oil.


    • TRANSPORTATION


  • Baku-Novorossiysk



    • ECONOMY


  • SOFAZ TO GAIN OVER 1.8 BILLION USD IN 2007
    In 2007 the State Oil Fund of Azerbaijan is expected to gain 18 billion USD. The Baku-Tbilisi-Ceyhan oil pipeline is going to yield the first profit as dividends next year.

  • NEW ENTERPRISE CENTRE OPENS TO HELP DOUBLE LOCAL SPEND
    Partners in the Azeri-Chirag-Gunashli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah Deniz and South Caucasus Pipeline (SCP) projects today re-launched the Enterprise Centre in Baku following its refurbishment and upgrade.


    • SOCAR


  • Projects



    • EXHIBITIONS


  • “3A” TO DO THE PRIMARY PRESENTATION OF THE GALVANIZING PLANT IN BAKU BUILD 2006


    “3A” known as the main manufacturer of reflective road and safety signs for a long term in Azerbaijan has opened a new plant for galvanizing of large-scale metal structures.


    • COMPANIES


  • LUKOIL IN AZERBAIJAN


    Lukoil President Vagit Alekperov visited Baku late last week. Despite large-scale investments the company plans to invest in the profile business, Russian Lukoil still does not view prospects to transport oil from the company’s deposits in the Northern Caspian through the Baku-Tbilisi-Ceyhan oil pipeline, Vagit Alekperov told at the press conference.

  • RUSAL, SUAL AND GLENCORE TO FORM LARGEST ALUMINUM COMPANY
    Today (October 9) RUSAL Company, the world’s third largest aluminium producer, SUAL Group, one of the world’s top ten aluminium producers and Glencore International AG, the Swiss natural resources group signed the agreement to create the United company Russian Aluminum (RUSAL) by merging their aluminum and alumina assets.


    • WORLD MARKET


  • OPEC COUNTRIES CUT OIL PRODUCTION
    The majority of OPEC countries informally agreed to cut oil production by at least 1 million barrels a day or 4%. As the Financial Times newspaper reports, the objective is to prevent the slump of prices.