Caspian Energy Investor ¹ 39 (228)     21 November 2006


ACCENT


  • SUPPLIES OF AZERBAIJAN GAS TO EUROPE IS THE CONTRIBUTION TO SETTLEMENT OF THE ISSUES RELATED TO ENERGY SECURITY OF THE CONTINENT - ILHAM ALIYEV


    • The next IX Summit of Heads of Turkic States will be held in Baku following the decision taken by the Heads of State during the VIII Summit, which resulted in signing the Antalya Declaration, Caspian Energy Investor reports.

  • IMPLEMENTATION OF SHAH DENIZ PROJECT DELAYED FOR ONE YEAR

    •
    SOCAR SIGNED A LOAN CONTRACT ON MORE PROFITABLE TERMS

    The State Oil Company of Azerbaijan denied the information Azerbaijan has applied to Turkey with the request to delay the implementation of the Shah Deniz project for one year.

    At the same time, today (November 21) the State Oil Company of Azerbaijan (SOCAR), Societe Generale and ABN AMRO signed the loan contract to the sum of $175 million in Baku.

  • COMPANIES CIBC-MEMBERS MEET WITH ELMIR VELIZADEH, THE CHIEF OF THE INFORMATION RESOURCES & TECHNOLOGIES CENTER OF THE PRESIDENT’S EXECUTIVE OFFICE


    • To activate the business-to-government dialogue the Caspian Integration Business Club held the meeting (November 14) of the Caspian IT Club and the Caspian Communication Club with participation of Mr. Elmir Velizadeh, the Chief of the Information Resources & Technologies Center of the President’s Executive Office.

    EXCLUSIVE


  • AZERBAIJAN WILL TURN INTO A FINANCIAL HUB IN THE REGION - G. MAMMADOV

    •
    “The expansion of the securities market to the regions will be certainly continued in future as a strategic direction. One more strategic direction is to initiate and create conditions for issuing regional municipal securities or bonds. However, we do not have them now but would like them to be. Integration into the stock markets of neighbouring states such as Russia, Kazakhstan, Moldova and Ukraine is one more strategic objective”, Gunduz Mammadov, the Chairman of the State Securities Committee under the auspices of the President of the Republic of Azerbaijan told in the exclusive interview for Caspian Energy Investor.


    CASPIAN REGION


  • Kazakhstan


  • ZHAMBAY CONTRACT SIGNED IN KAZAKHSTAN


    • KAZAKHSTAN STANDS AGAINST SALE OF NATIONS ENERGY’S ASSETS TO CHINA

    Kazakhstan keeps on developing oil & gas projects in the Caspian Sea. Last week LUKOIL Overseas, KazMunayGas and Spanish company Repsol signed the Zhambay PSA. Along with this, Kazakhstan is going to prevent the sale of oil assets in Nations Energy to China International Trust & Investment Corp. (CITIC). Last week KazMunayGas JSC signed the purchase-sale contract with CNPC International. According to the contract KMG bought 50% in the Shymkent Oil Refinery. At the same time Kazakhstan is carrying on talks to purchase the Nizhnekamsk Petrochemical Plant.

  • KAZMUNAYGAS SUMS UP RESULTS FOR JANUARY-OCTOBER 2006


    • WITHIN 10 MONTHS OF 2006 KAZMUNAYGAS EXPLORATION PRODUCTION JSC EXTRACTS 7 MILLION 965 THOUSAND TONS OF OIL AND GAS CONDENSATE

    Within 10 months of 2006 KazMunayGas (KMG) National Company considerably ramped up the volumes of oil production, refining and transportation. At the same time the amount of KMG’s transfers to the state budget was 1.5 higher in comparison with the respective period of 2005.

  • Turkmenistan

    •

  • Iran

    •

    GAS


  • NORD STREAM SUBMITS PROJECT INFORMATION TO INVOLVED COUNTRIES TO START ENVIRONMENTAL IMPACT ASSESSMENT

    •
    Nord Stream submitted project information document on the planned pipeline through the Baltic Sea to the responsible environmental authorities of Russia, Finland, Sweden, Denmark and Germany in accordance with the Espoo Convention.

    MEP


  • SOCAR MO ISSUES A MARKETING SURVEY TO SELL PROFIT OIL IN CEYHAN

    •
    The Marketing & Operations Department (MO) of the State Oil Company of Azerbaijan has issued the marketing survey to sell the next in 2006 17th consignment of Azerbaijan’s profit oil.


    TRANSPORTATION


  • Odessa-Brody


  • Caspian ports




    • ECONOMY


  • PRESIDENT OF AZERBAIJAN ILHAM ALIYEV DECREED TO ENHANCE THE EQUITY CAPITAL OF BAKIELEKTRIKSHEBEKE JSC AND SUMGAITELEKTRIKSHEBEKE JSC


    • President of Azerbaijan Ilham Aliyev signed the decree to enhance the equity capital of Bakielektrikshebeke and Sumgaitelektrikshebeke joint-stock companies. The President enacted to allocate 15 million AZN to the Ministry of Economic Development of Azerbaijan from the from the Reserve Fund of Azerbaijan fixed in the 2006 state budget.

  • OPPORTUNITIES TO FINANCE BUSINESS EXPANDING IN AZERBAIJAN

    •
    RABITABANK GETS A CREDIT TO FIANCNE SMB IN AZERBAIJAN

    Oil companies working in Azerbaijan and the European Bank for Reconstruction and Development (EBRD) today (November 15) signed a contribution agreement to jointly support private sector development in Azerbaijan.

  • AIC’S PRESENTATION HELD IN BAKU


    • The authorized fund of the Azerbaijan Investment Company, which held its presentation on November 14 in Baku, will continue growing.



    SOCAR


  • OIL OUTPUT IN AZERBAIJAN EXCEEDS 26 MILLION TONS

    •
    In January-October 2006 oil output in Azerbaijan made up 26 million 9.2 thousand tons. According to the State Statistical Committee of Azerbaijan, this figure is 47% higher compared to the respective period of 2005.


    CONSORTIA


  • ACG

    •

  • FIRST OIL FROM EAST AZERI REACHES SANGACHAL TERMINAL

    •
    First East Azeri oil reached the Sangachal Terminal. As the press release of the Azerbaijan International Operating Company (AIOC) received by Caspian Energy Investor today runs, the event took place on November 10 and marks the beginning of East Azeri revenue oil production and follows the start-up of oil production from the East Azeri platform on October 21st, four months ahead of schedule.

  • Yalama

    •


    COMPANIES


    WORLD MARKET


  • OPEC TO CUT OIL PRODUCTION AGAIN


    • The Organization of Petroleum Exporting Countries (OPEC) may cut oil production again, Minister of Energy & Mines of Algeria Chakib Khelil thinks. The primary target is to stabilize oil prices.