Caspian Energy Investor ¹ 43 (232)     19 December 2006


ACCENT


  • COMMERCIAL PRODUCTION FROM SHAH DENIZ LAUNCHED

    •
    REDISTRIBUTION OF TURKISH SHARE CONTINUED

    The commercial gas production was launched after the start-up of the first well on the Shah Deniz gas condensate field located in the Azerbaijan sector of the Caspian Sea This opened the new stage in the history of oil & gas industry of Azerbaijan. On December 15 the partners to Shah Deniz PSA announced the start-up of commercial production from the field and commissioning of the Baku-Tbilisi-Erzurum gas pipeline. Thus, if historically Azerbaijan was famous as a petroleum country, henceforth, it is going to become a world-class gas exporter.
    At the same time Azerbaijan, Georgia and Turkey carry on talks about redistribution of the Turkish share of gas in the project for 2007. Core issues concern the volumes of supplies and the gas price.

    CASPIAN REGION


  • Caspian Status


  • SUMMIT OF HEADS OF CASPIAN STATES TO BE HELD IN TEHERAN IN 2007

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    The Summit of Heads of the Caspian States will be held in Teheran in IQ 2007, Manouchehr Mottaki, the Minister of Foreign Affairs of Iran told on December 15 during the press briefing in Astana.

  • Kazakhstan


  • KAZAKHSTAN TO DIVERSIFY EXPORT OIL & GAS SUPPLIES


    • Last week Ukraine showed interest to develop oilfields in Kazakhstan. Victor Yanukovich, the Prime Minister of Ukraine, supported diversification of energy supplies to Europe, which is capable to bring good economic benefits to Kazakhstan, Ukraine and Russia.

  • Kazakhstan-Iran

    •

  • Iran


    • GAS


    MEP

  • SOCAR MO ANNOUNCES A WINNER OF THE MARKETING SURVEY ISSUED TO SELL PROFIT OIL IN CEYHAN

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    The Marketing and Operations Department (MO) of the State Oil Company of Azerbaijan has announced the winner of the marketing survey issued to sell the 2nd consignment of Azerbaijan’s profit oil in 2007.

    TRANSPORTATION


  • CPC

    •

  • Baku-Novorossiysk


  • Samsun-Ceyhan



    • ECONOMY


  • AZERBAIJAN AND TURKEY DEVELOP RELATIONS IN THE NON-OIL SECTOR


    • The well-considered energy strategy of Azerbaijan, the start-up of the Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum transport corridors enabled to enhance gold and exchange currency reserves and attract over $20 billion as foreign loans. Due to per capita investments Azerbaijan held one of the first places among the countries of Eastern Europe and CIS.

  • RUSSIA TO ATTRACT A FOREIGN COMPANY TO MANAGE OIL DOLLARS


    • The government of the Russian Federation views the opportunity to attract a foreign stock manager to the future oil & gas fund the share of which will make in future 60% of GDP or approximately $500 billion in current prices.

  • RUSSIA TO ENHANCE PRICES ON ELECTRICAL ENERGY SUPPLIES FOR AZERBAIJAN IN 2007

    •
    Azerbaijan continues the negotiations with the representatives from UES of Russia to set volumes and prices on electrical energy for Azerbaijan in 2007, Vice-President of Azerenergy JSC Marlen Askerov reported.

  • LONG-RANGE STRATEGY OF KAZAKHSTAN IN CENTRAL ASIA UNDERWAY


    • The long-range strategy of Kazakhstan in central Asia should be approved in the near future, President Nursultan Nazarbayev told during the solemn ceremony (December 15) dedicated to the 15th anniversary of independence.

    SOCAR


  • AZERBAIJAN PRODUCED OVER 29,212 MILLION TONNES OF OIL

    •
    In January-November 2006 oil production in Azerbaijan grew by 46.3%, whereas gas output went up by 18.1%. The data is provided by the State Statistical Committee of Azerbaijan.

  • Production


  • Certification

    •

  • Structural reforms


    • CONSORTIA


  • Azeri

    •

  • PSA

    •

    COMPANIES


    WORLD MARKET


  • OPEC CUTS PRODUCTION


    • OPEC does its best to avoid further decrease in oil prices. Last week the cartel took a decision to cut oil production by 500,000 bbl a day from February 1.