Caspian Energy Investor ¹ 35 (224)     24 October 2006


ACCENT


  • SUMMIT IN LAHTI DID NOT MAKE POSITIONS OF MOSCOW AND EU CLOSER

    •
    RUSSIA IS NOT AGAINST PRINCIPLES OF THE ENERGY CHARTER - V. PUTIN

    Russia giving preference to Germany as the most important strategic partner and a main country transiting Russian gas to the high-yielding markets of Western Europe faced the pressure of the European Union. Germany preferred a strategic alliance with France to the Russia's offer to shift export from the Shtokman deposit to Germany. Russia declares it is not against the principles of the Energy Charter but thinks some regulations should be added to it.

    EXCLUSIVE


  • THERE ARE NO AND WILL NOT BE PROBLEMS WITH KAZAKH OIL IN THE NEAR FUTURE - B. IZMUHAMBETOV


    • "To construct new and expand existing export systems is urgent for Kazakhstan today because of increase in oil and gas production throughout the country. To enhance the throughput capacity of the Tengiz-Novorossiysk oil pipeline, which is the most important route for us, is of principle concern nowadays. One more export direction is the Kuryk-Baku-Tbilisi-Ceyhan transport system, which is projected to transport oil from the Kazakh coast of the Caspian Sea to Baku and from there via the BTC oil pipeline under the terms of the bilateral agreement concluded between the two countries", Bahtikoja Izmuhambetov, the Minister of Energy & Mineral Resources of Kazakhstan said in the exclusive interview to Caspian Energy Investor.

  • UKRAINE OFFERED AZERBAIJAN TO USE ITS OIL REFINERIES ON MUTUALLY BENEFICIAL CONDITIONS TO PROCESS AZERI OIL - TALYAT ALIYEV

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    "At the moment Azerbaijan and Ukraine are interested to ensure local energy security. Therefore, to ensure energy security the Joint Declaration sets the aspects of a closer cooperation and more precise work between experts of the two states to set up a true prospective activity", Talyat Aliyev, the Ambassador Extraordinary and Plenipotentiary of Azerbaijan to Ukraine said in the exclusive interview to Caspian Energy Investor .


    CASPIAN REGION


  • Kazakhstan


  • IN 2006 KAZMUNAYGAS EXTRACTED OVER 7 MILLION TONS OF OIL

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    Since the beginning of the year KazMunayGas has considerably ramped up oil production, refining and transportation. The amount of funds the company transferred to the state budget of Kazakhstan as taxes and payments turned to be 1.5 times higher in comparison with the respective period of 2005.


  • Turkmenistan


  • GAS STRATEGY OF TURKMENISTAN


    • TURKMENISTAN TO INVEST OVER 60 BILLION USD IN DEVELOPMENT OF THE GAS INDUSTRY IN 2005-2020

    Gas industry is one of the leading branches of the national economy. There are 149 discovered gas and gas condensate deposits in Turkmenistan. Following the preliminary data of geologists, 12 billion tonnes of oil and 6.2 trillion cubic metres of gas are concentrated in the Turkmen sector of the Caspian Sea. The area accounts to over the half of oil reserves and one fourth of natural gas resources of Turkmenistan. Within the last years the country is actively upgrading the capacities of the refining complex and ramping up the export potential.


  • Iran

    •

  • Russia

    •

    CASPIAN ECOLOGY


    GAS


    TRANSPORTATION


  • Baku-Novorossiysk


  • Baku-Batumi

    •


    ECONOMY


  • BELARUS AND AZERBAIJAN SIGN THE ASSOCIATION AGREEMENT UNTIL 2015

    •
    Upon completion of the Minsk talks Alexander Lukashenko and Ilham Aliyev signed the association agreement about the social and economic cooperation between the Republic of Belarus and the Republic of Azerbaijan until 2015.


    SOCAR


  • Reforms


  • Drilling



    • CONSORTIA


  • ACG


  • PRODUCTION BEGINS AT EAST AZERI IN THE CASPIAN SEA

    •
    The Azerbaijan International Operating Company (AIOC) announced (October 22) the start-up of oil production from the East Azeri platform four months ahead of schedule


    COMPANIES


  • LUKOIL PRESENTS PRINCIPLES OF STRATEGIC DEVELOPMENT UP TO 2016

    •
    COMPANY PLANS TO RAMP UP PRODUCTION UP TO 4 MB/D


    WORLD MARKET


  • OPEC CUTS OIL PRODUCTION VOLUMES

    •
    The Organization of Petroleum Exporting Countries (OPEC) has announced the decision to cut oil production volumes by 1.2 million barrels a day. As the OPEC's news agency runs, the corresponding decision was made on Friday morning during the extra OPEC conference held in Doha, Qatar.