Caspian Energy Investor ¹ 40 (273) 12 December 2007
ACCENT
OIL FLOW VIA ODESSA-BRODY TO GET REVERSED IN 2008
UKRAINE AND POLAND HOPE TO HAVE AZERBAIJAN INVOLVED IN THE PROJECT
President of Poland Lech Kaczynski says there are no any problems with Azerbaijan as regards establishment of a joint venture for Odessa-Brody-Plotsk-Gdansk Project implementation. Mr Kaczynski made this statement last Friday (December 7) at the joint press briefing with President of Ukraine Victor Yushchenko held in Yuzhnoye, Odessa Region, upon visiting Yuzhniy offshore oil terminal.
CIBC
«WE CAN ACHIEVE MUCH TOGETHER» - SAID DEPUTY PRIME-MINISTER OF RUSSIA SERGEY NARYSHKIN DURING THE MEETING WITH CIBC MANAGEMENT
Member-companies of the Caspian Integration Business Club (CIBC) met in Moscow with Deputy Prime-Minister of Russia Sergey Naryshkin. The relevant consent was obtained during 5 December meeting between Russian official and CIBC management.
CASPIAN INTEGRATION BUSINESS CLUB SHALL BE CONSIDERED A PLATFORM TO DEVELOP ECONOMIC RELATIONS BETWEEN CASPIAN, BLACK SEA AND BALTIC COUNTRIES – RUSSIAN AMBASSADOR TO AZERBAIJAN
On December 6 the member-companies of the Caspian Integration Business Club (CIBC) held the meeting with the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Azerbaijan Vassili Istratov and Russian Trade Representative to Azerbaijan Yuri Shchedrin.
EXCLUSIVE
«WE STARTED TAKING MORE SERIOUSLY THE TRADE AND ECONOMIC TIES DIVERSIFICATION» - YURI SHCHEDRIN
«In the short-range outlook, we are going to start handling issues linked to permanent business-platforms in Azerbaijan. Naturally, we fully understand it should be created in a par, but we also know Azerbaijan in person of her Embassy in Russia is actively involved in establishing similar entities in Moscow and other cities of Russia», said Yuri Shchedrin, Trade Representative of the Russian Federation in Azerbaijan, in his exclusive interview with Caspian Energy Investor.
«THE WORLD BANK POSITIVELY REGARDS AZERBAIJAN’S ECONOMIC PERSPECTIVES» - SHIGEO KATSU
CASPIAN REGION
Kazakhstan
KAZAKHSTAN WANTS A PEACEFUL SOLUTION FOR KASHAGAN-RELATED PROBLEMS
The talks with the shareholders of Agip KCO, which is now developing Kashagan field, will be accomplished as soon as possible. RK Prime Minister Karim Masimov made this statement in Astana during the round table discussions covering entrepreneurship development-related issues.
RoK President Nursultan Nazarbayev thinks the government should take more care of alternative energy sources development. This statement was sounded last Friday (December 7) during the 18th session of the Foreign Investors Council (Gazeta.kz.). “Kazakhstan abounds with solar energy. Our country also has great opportunities to use wind power. We can build hydropower stations at our small rivers. However, unlike many countries we almost do not promote alternative energy sources. That is why the government jointly with investors has much to do to promote alternative energy sources”, Mr Nazarbayev said.
Turkmenistan
Russia
Iran
GAS
EUROPE NEEDS ALTERNATIVE GAS SUPPLIES – US DEPUTY STATE OF SECRETARY FOR EUROPEAN AND ASIAN AFFAIRS
The USA stand for breaking monopoly on natural gas supplies to Europe and wants Azerbaijan to play a key role in this regard. United States Deputy Secretary of State for European and Asian Affairs Daniel Freed made this statement in Washington D.C. (RIA News).
RUSSIA, UKRAINE AGREED ON GAS SUPPLY PRICES
Experts: Ukraine and Belarus’s dissatisfaction with Gazprom’s pricing can result in one more ‘transit crisis.’
On December 6 Gazprom signed 2008 gas supply contracts with Ukraine. Head of Gazprom Alexey Miller told journalists ‘achieved was the agreement on gas price for Ukraine and terms of its transit, which provide additional guarantees of stable delivery of Russian gas to European consumers and is a logical and mutually beneficial step in formation of transparent market relations in gas industry between Russia and Ukraine.’
MEP
BTC
OVER 40MT OF AZERBAIJAN’S PROFIT OIL WILL BE TRANSPORTED THROUGH PORT OF CEYHAN STARTING 2008 – ROVNAG ABDULLAYEV
President SOCAR Rovnag Abdullayev met Arnold Harberger, Chief Economic Counselor with USAID, Caspian Energy Investor reports with reference to SOCAR.
TRANSPORTATION
EIGHT EUROPEAN GAS TRANSPORTATION COMPANIES CAN UNITE TO INSTALL NABUCCO
MOL of Hungary suggested bringing together at least eight transportation companies of Central and Southern Europe in New Europe Transmission System (NETS) in order to obtain a lax credit for installation of round-Russia Nabucco gas pipeline. The European Commission supported this initiative (Kommersant).
CIBSNews
AZERBAIJAN PERFORMED EXPORT AND IMPORT OPERATIONS WITH 133 COUNTRUES IN AMOUNT OF $9.2BN
During 10 months of 2007 Azerbaijan performed export and import operations with 133 countries worldwide in amount of $9.2bn, Caspian Energy Investor reports with reference to the State Statistics Committee.
AZERBAIJAN, ROMANIA TO DISCUSS ENERGY COOPERATION IN BAKU
The Romanian delegation headed by Darius Mesca, the State Secretary for Energy Affairs, will pay a three-day visit to Baku (December 10), Caspian Energy Investor reports.
KFW’S FINANCIAL MANAGER ARRIVES IN BAKU
Today (December 4) Financial Manager of KfW Bank Michael Jainzik arrives In Baku for a two-week visit, Caspian Energy Investor reports with reference to KfW Baku office.
AZERBAIJAN PRODUCED SOME 1.9BN KWH OF ELECTRICITY IN NOVEMBER
During November 2007, Azerenerji JSC generated some 1.9bn kWh of electricity, Azerenerji officials told Caspian Energy Investor.
EU EXPERTS DUE TO AZERBAIJAN TO ADOPT AND MODERNIZE ENERGY REGULATION
Deputy Minister of Industry and Energy of Azerbaijan Gulmammad Javadov met officials of Eurocommission’s Foreign Relations Directorate Giuseppe Busuni and Mails Cork, Caspian Energy Investor reports with reference to the Ministry of Industry and Energy of Azerbaijan.
CERP PLENARY MEETING LAUNCHED IN BAKU
On December 5 the 37th plenary meeting of the European Committee for Postal Regulation (CERP) took place, Caspian Energy Investor reports.
AZERBAIJAN COMPLETIGN PREPARATION FOR PRIVATIZATION OF COMMUNICATION SECTOR LEADERS
The Ministry of Communication and IT of Azerbaijan is considering different forms of privatization of leading communication operators in the country, said December 5 Deputy Minister of Communication and IT Iltimas Mammadov, Caspian Energy Investor reports.
TALKS ON FREQUENCY SPECTRUM OF AZERBAIJAN’S FIRST NATIONAL SATELLITE UNDERWAY
The Ministry of Communication and IT of Azerbaijan is going on talking to the International Telecommunication Union (ITU) on orbit location of Azerbaijan’s first national communication satellite, said today (December 5) Deputy Minister of Communication and IT Iltimas Mammadov.
NEW POWER LINES UNDER PARSABAD-ASTARA PROJECT INSTALLED
The mutual cooperation between Azerbaijani and Iranian national energy companies results in rapid construction of new power lines under the Project on the Construction of Parsabad-Astara Line, Caspian Energy Investor reports with reference to Azerenerji JSC.
BSTDB’S CREDIT PORTOFLIO FOR AZERBAIJAN GREW TO $46.7M
Thessalonica (Greece) hosted (December 2) the next meeting of Board with the Black Sea Bank of Trade and Development (BSTDB), where Azerbaijan was represented by Deputy Minister of Economic Development Mikail Jabbarov.
AZERBAIJANI-GERMAN BUSINESS FORUM TOOK PLACE IN MUNICH AND HAMBURG
Azerbaijani-German business forum took place in two cities of Germany, Munich (December 4) and Hamburg (December 5).
FOODSTUFF PRICES JUMPED 4.3% IN NOVEMBER
In November 2007 foodstuff prices jumped 4.3%, Caspian Energy Investor reports with reference to the State Statistics Committee of Azerbaijan.
BELARUS INTENDS TO INTENSIFY TRADE AND ECONOMIC COOPERATION WITH AZERBAIJAN
The Republic of Belarus is going to intensify cooperation with Azerbaijan in trade and economy sphere, said today (December 6) at the press conference Nikolai Pazkevich, Ambassador Extraordinary and Plenipotentiary of Belarus to Azerbaijan.
TWINNING REGIONAL WORKSHOP DUE IN KIEV
Within the European Neighborhood Policy, Twinninq Regional workshop shall take place in Kiev on December 17-18. In this workshop, Azerbaijan will be represented by officials of the Ministry of Economic Development, Caspian Energy Investor reports.
BELARUS OFFERS AZERBAIJAN TO JOIN EFFORTS TO CREATE COMMUNICATION SATELLITES
«We are resolved to develop investment and innovation cooperation with Azerbaijan», said December 6 at the press conference Nikolai Pazkevich, Ambassador Extraordinary and Plenipotentiary of Belarus to Azerbaijan.
AZERBAIJANI-BELARUSIAN TRADE AND ECONOMIC COOPERATION COMMISSION TO MEET IN FIRST HALF-YEAR 2008
The 5th meeting of Azerbaijani-Belarusian Intergovernmental Commission for Trade and Economic Cooperation has been scheduled for the first half 2008.
KHACHMAZ POWER PLANT GENERATED 396M KWH OF ELECTRICITY IN JANUARY-NOVEMBER 2007
During January-November 2007 Khachmaz power plant generated 396M kWh of electricity, up 44M kWh above the plan (352M kWh), Azerenerji officials told Caspian Energy Investor.
JAPAN-GUAM SECOND MEETING TAKES PLACE IN TOKYO
The second meeting between Japan and the Organization for Democracy and Economic Development – GUAM took place on December 4-5, 2007 (Tokyo, Japan) at the initiative of the Embassy of Azerbaijan in Japan and Embassies of Georgia and Ukraine in Japan, Foreign Ministry of Azerbaijan reported to Caspian Energy Investor.
WINTER SESSION OF NISA DUE IN BAKU
The winter session of NISA (NATO International School of Azerbaijan) is taking place in Baku (December 10 through 15) at the expert and financial support of the Foreign Ministry of Azerbaijan and NATO Public Diplomacy Department, Caspian Energy Investor reports with reference to the Foreign Ministry of Azerbaijan.
INERTGAS CENTRAL ASIA JSC TRANSFERRED LESS GAS DURING JANUARY-OCTOBER 2007
Intergas Central Asia JSC transferred 94.2bcm of gas during January-October 2007, down 6% over year, Caspian Energy Investor reports with reference to KazMunayGas JSC.
CUBA INTERESTED IN OIL EXPLORATION COOPERATION WITH AZERBAIJAN
The visit of Azerbaijani delegation headed by Minister of Economic Development of Azerbaijan Heydar Babayev to Cuba ended.
MINISTER OF INDUSTRY AND ENERGY OF AZERBAIJAN NATIG ALIYEV PARTICIPATES IN THE SITTING OF THE ENERGY CHARTER ORGANIZATION
Azerbaijan’s Minister of Industry and Energy Natig Aliyev is on official visit to Istanbul, where he is participating in the annual session of energy ministers of the Energy Charter Organization’s member countries, the Ministry of Industry and Energy of Azerbaijan reported to Caspian Energy Investor.
AZERBAIJAN, BSTDB ENJOYING PERSPECTIVE COOPERATION
Minister of Economic Development of Azerbaijan Heydar Babayev received Vice-President of Black Sea Trade and Development Bank (BSTDB) Andrey Kondakov in Baku, the ministry reported to Caspian Energy Investor.
SOCAR
SOCAR ANNOUNCES PRODUCTION RESULTS FOR 11 MONTHS OF 2007
In January-November 2007 offshore and onshore output by the State Oil Company of Azerbaijan (SOCAR), operating companies (OC) and joint ventures (JV) made 8078.76 tons of oil, which is 158.33 tons (or 1.9%) less compared to the respective 2006 level, SOCAR reported to Caspian Energy Investor.
WORLD MARKET
PETROLEUM COMPANIES’ EXPENSES SHALL JUMP 11 PERCENT IN 2008
BRAZIL LETS DRIVE AT OIL&GAS LEADERS
The country discovered a new field with gas and high-quality light oil
OPEC SETS LIMIT DAILY QUOTA FOR ANGOLA – 1.9MBD