Caspian Energy Investor ¹ 33 (266) 24 October 2007
ACCENT
PRESIDENT OF AZERBAIJAN ILHAM ALIYEV LED GOVERNMENTAL MEETING ON 2007 SOCIAL AND ECONOMIC DEVELOPMENT
SHAH DENIZ STILL PROVIDES 15% OF AZERBAIJAN’S GAS PRODUCTION
Azerbaijan’s economic growth is continuing rapidly, totaling 27% during 9 months of 2007, said President of Azerbaijan Ilham Aliyev during the governmental meeting dedicated to three quarters of social and economic development and following tasks.
THE TIME HAS COME FOR RATHER GAS THAN OIL FIELDS – NATIG ALIYEV
AZERBAIJAN’S POTENTIAL ENABLES TO EXPORT UP TO 40-50BCM OF NATURAL GAS UNTIL 2020
Azerbaijan’s potential enables it to export up to 40-50bcm of natural gas per annum. To realize its export potential, Azerbaijan has installed Baku-Tbilisi-Erzurum gas pipeline to Georgia with a capability of extension towards Europe and tie-up to Nabucco project.
AZERBAIJAN, GERMANY SPEAKING ALTERRNATIVE ENERGY
AZERI-GERMAN FORUM TOOK PLACE IN BAKU
Azerbaijani-German business forum took place within the visit of Germany’s Minister of Economics and Technology Michael Glos to Azerbaijan (October 19).
EXCLUSIVE
«ONE OF TOP PRIORITIES IS CREATION OF INDEPENDENT AND EFFECTIVE TELECOMMUNICATION SERVICE SYSTEM» - KUANISHBEK YESEKEEV
«Currently being led are the talks with Azerbaijan on installing fiber-optic communication line along the Caspian Sea bed between Aktau (Kazakhstan) and Baku (Azerbaijan).
Both countries have already identified the project contractors, and I think a consortium between Kazakhstan, Azerbaijan, Georgia and Turkey is needed after the completion of fiber-optic line, to ensure the line loading», said Kuanishbek Yesekeev, Chairman, Informatization and Communication Agency, RoK, in his exclusive interview with Caspian Energy Investor.
Please read the full interview with Kuanishbek Yesekeev, Chairman, Informatization and Communication Agency, RoK, in the Caspian Energy Telecom Magazine.
CASPIAN REGION
Caspian Sea status
«NAMELY AZERBAIJAN ASSIGNED TO COORDINATE ISSUES OF COMPLEX SECURITY IN THE CASPIAN» - KHALAF KHALAFOV
Deputy Foreign Minister of Azerbaijan Khalaf Khalafov characterized the outcomes of the II Summit of Littoral Countries in Tehran as an important step in solving important issues of Caspian Sea status.
Kazakhstan
KAZAKHSTAN, ENI ONE STEP AWAY FROM SOLUTION TO KASHAGAN CHALLENGE
EXXONMOBIL BLOCKING THE DEAL WITH KAZMUNAYGAS
The problems with Kashagan project’s implementation have envisaged a new stage of development. By the end of the negotiations the partners within Agip KCO signed the Memorandum of Understanding (MoU). Earlier Kazakhstan’s PM assured the period of “friendly regulation” in the talks would approach its end by October 22.
Turkmenistan
Russia - Iran
Russia
GAS
RUSSIA AND UKRAINE ABOUT TO CONTINUE GAS COOPERATION
Last week Moscow and Kiev exchanged views as regards the vision on gas cooperation. Russia’s President Vladimir Putin was well-disposed and promised to shift to market relations with Ukraine in the gas sphere. Ukraine’s President Victor Yushchenko stated the intention to keep transporting 80% of Russian gas to Europe, but at the same time to create new opportunities for gas export from the Central Asia to the EU.
TRANSPORTATION
CPC
EXHIBITIONS
INTERNATIONAL CONFERENCE TO TAKE PLACE WITHIN BAKUTEL-2007 EXHIBITION
Within the forthcoming 13th Azerbaijan International BakuTel-2007 Exhibition to take place November 21-24 in Baku, the international conference «Regional Innovative Zone: Problems and Perspectives» dedicated to the 125th anniversary of launch of first landline in Azerbaijan will take place.
TRADIITONAL HEALTH AND STOMATOLOGY EXHIBITIONS AND FIRST BEAUTY AND HEALTH EXHIBTION DUE IN BAKU ON NOVEMBER 6 THROUGH 9
The 13th Azerbaijan International Exhibition BIHE-2007 will be taking part on November 6 through 9 at Heydar Aliyev Sports and Exhibition Complex.
ECONOMY
STATE STOCK IN KAPITAL BANK PUT TO AUCTION
President of Azerbaijan signed the Order «Privatization of State-Owned Shares in Charter Capital of Kapial Bank open JSC».
KUWAIT INTERESTED IN INVESTING IN AZERBAIJAN’S ECONOMY
Trade relations and promising economic cooperation was discussed yesterday (October 22) during the meetings of Minister of Economic Development of Azerbaijan Heydar Babayev and Minister of Industry and Energy Natig Aliyev with members of Kuwait-Azerbaijan Interparliamentary Friendship group with the National Gathering of the State of Kuwait.
DAY OF POWERMAN CELEBRATED IN AZERBAIJAN
SANGACHAL POWER PLANT WILL EB COMPLETED IN OCTOBER 2008.
On October 20 Azerbaijan was celebrating the Day of Powerman. On occasion of the holiday, President of Azerbaijan Ilham Aliyev has signed the resolution of awarding ‘Tereggi’ medal and conferring ‘Honorary Engineer of Azerbaijan’ rank to Azerbaijani powermen.
NEW PRESIDENT OF TURKEY ARRRIVES IN AZERBAIJAN WITH FIRST OFFICIAL VISIT
New President of Turkey Abdullah Gul will visit Azerbaijan on November 6-7, first time in this capacity.
NOMINAL REVENUE PER CAPITA IN AZERBAIJAN ROSE BY 38.2%
During January-September 2007 the nominal revenue per capita in Azerbaijan was 1,079 manat, up 38.2% from the previous year, people in the State Statistics Committee told Caspian Energy Investor.
BAKU TO HOST II MEETING OF AZERI-POLE ECONOMIC COOPERATION COMMISSION
Minister of Economy of Poland Piotr G.Wozniak is arriving November 7 in Baku on a visit.
TV AND FM TRANSMITTERS INSTALLED ACROSS AZERBAIJAN
Tele and radio broadcasting-related arrangements are ongoing across Azerbaijan to promote the communication industry in the country. Installation of TV and FM transmitters is currently underway throughout Azerbaijan, Azerbaijan’s Ministry of Communication and Information Technologies told Caspian Energy Investor.
40 JOINT-STOCK COMPANIES SET UP IN AZERBAIJAN IN 2007
Nearly 40 joint-stock companies have appeared on the base of state-owned enterprises engaged in manufacture of construction materials, processing of agricultural goods, as well as trade, service and other fields since the beginning of the year.
SOCAR
Construction
Budget
CONSORTIA
Inam
COMPANIES
WORLD MARKET
OIL PRICES KEEP GROWING
EXPERTS DO NOT RULE OUT OIL PRICES HITTING $100 CEILING YET THIS YEAR
OPEC, most likely, is not willing to take any urgent measures to reduce the prices. Minister of Energy and Mining of Algeria Shakib Helil said the cartel would not meet shortly; there is no necessity, he said, the world market is ‘well supplied with oil.’