KAZAKHSTAN SEEKS CASPIAN OIL CARTEL

29.12.2003 [11:59]
The nations surrounding the Caspian Sea should create an OPEC-like oil cartel to help support global prices and reassure OPEC itself, Kazakh President Nursultan Nazarbayev said in interviews published on ...

TURKEY - GREECE SIGNED AGREEMENT ON GAS PIPELINE CONSTRUCTION

25.12.2003 [21:23]
Minister for Energy and Natural Resources of Turkey Khilmi Guler and Minister for Development of Greece Atanasios Tsokhadzopulos signed agreement on construction of gas pipeline with length 285 km, which ...

U.S. CONGRATULATES GREECE, TURKEY ON GAS PIPELINE AGREEMENT

25.12.2003 [12:50]
"The United States congratulates the governments of Turkey and Greece for the agreement signed December 23, 2003, in Ankara to build a natural gas pipeline connecting the two countries," said ...

BP TO SPEND $4.6BLN IN AZERBAIJAN

24.12.2003 [13:22]
BP and its partners plan to invest $4.6 billion in 2004 in the company's three Azeri projects, up from just under $4 billion spent this year, BP Azerbaijan's President David ...

MAJOR PIPELINE TO BE BUILT IN EUROPE

24.12.2003 [13:21]
Turkey and Greece signed on Tuesday (23 December) an agreement on interconnection of natural gas networks through 280 kilometres of pipeline.

Energy and Natural Resources Minister Hilmi Guler, ...

DECREE OF PRESIDENT OF THE REPUBLIC OF AZERBAIJAN

ON APPLICATION OF THE LAW OF THE REPUBLIC OF AZERBAIJAN “ ON INTRODUCING AMENDMENT TO THE LAW OF THE REPUBLIC OF AZERBAIJAN “ ON STATE AID TO SMALL ENTREPRENEURSHIP”

23.12.2003 [22:06]
For the purpose of ensuring application of the Law of the Republic of Azerbaijan “On introducing amendment to the Law of the Republic of Azerbaijan “ On state aid to ...

BTC NEWS

23.12.2003 [14:39]
TURKEY LAUNCHES NEXT ROUND OF COMMUNITY INVESTMENT

BTC Co in Turkey launched a second request for proposals on 15 December as part of its $9 million Community Investment Programme (CIP). This ...

ACG - SANGACHAL PIPELINE TO COST $13 MLN

22.12.2003 [17:28]
It will cost $13 million to build the 5- km pipeline that will carry associated gas produced at the Azeri-Chirag- Gunashli (ACG) offshore fields to the Azerigaz terminal at ...

GOC TO INVEST $10 MLN IN SOUTHWEST GOBUSTAN IN 2004

22.12.2003 [17:27]
Gobustan Operating Company plans to invest about $10 million in the development of structures in Southwest Gobustan in 2004.
SOCAR ( State Oil Company) plans to confirm the ...

TURKEY AND U.S. HAVE COMMON INTERESTS IN CASPIAN ENERGY POLICY

19.12.2003 [13:48]
How reports the Anadolu Agency, Steven Mann, the U.S. Department of State Senior Advisor for Caspian Basin Energy Diplomacy said on Thursday that the U.S. and Turkey had many common ...

MINISTERS OF GB BACK Ј2.2BN PIPELINE

18.12.2003 [14:50]
According to the “Guardian” newspaper the government of Great Britain has announced financial backing yesterday for a controversial Ј2.2bn pipeline to carry oil from the Caspian Sea to the Mediterranean. ...

BTC CO BOARD OF DIRECTORS HOLDING MEETING IN LONDON

18.12.2003 [11:23]
A session of the Board of Directors of BTC Co, the operator for the construction and exploitation of the Baku-Tbilisi-Ceyhan pipeline, is currently underway in London where the board will ...

CONOCOPHILLIPS BOARD APPROVES 2004 CAPITAL BUDGET

17.12.2003 [14:58]
The board of directors of ConocoPhillips has approved a 2004 capital budget of approximately $6.9 billion. This total includes approximately $0.5 billion in capitalized interest and $0.4 billion in minority ...

TOTALFINAELF TO BUY FIRST CONSIGNMENT OF AZERBAIJANI OIL IN 2004

16.12.2003 [18:50]
France's TotalFinaElf has won a tender to buy the first consignment of Azerbaijani oil exported through the Baku-Novorossiisk pipeline in 2004, a source in the marketing department of the State ...

BTC OIL PIPELINE TO BE PROFITABLE

12.12.2003 [18:13]
President of the BP-Azerbaijan Company David Woodward stated that Baku-Tbilisi-Ceyhan Main Export Pipeline would always be profitable.
As was informed, at words of Mr. Woodward, such a pipeline would bring ...

U.S.-TURKEY JOINT STATEMENT REAFFIRMING STRATEGIC ENERGY COOPERATION

06.12.2003 [18:14]
In a meeting of the Economic Partnership Commission in Washington on December 2, the United States and Turkey reaffirmed that energy is a critical component of their strategic cooperation. The ...

INCREASE COMPANIES DELIVERED OF GAS

06.12.2003 [15:45]
Oil and gas companies in Azerbaijan during the period from Jan-Nov 2003 delivered to the government 3.9233 billion m3 of gas, 0.9% more than planned volumes (3.8892 billion m3) and ...

BTC CREDIT AGREEMENT TO BE SIGNED BY DECEMBER

03.12.2003 [16:23]
BTC Co., the operator for the Baku- Tbilisi-Ceyhan pipeline, will sign a credit agreement with financial organizations by December.
According to reports of BP an exact date has not ...

AZERBAIJANI OIL EXPORTS TO NOVOROSSIISK UP 0.9% IN JAN-NOV

02.12.2003 [16:39]
Exports of Azerbaijani oil through the Baku-Novorossiisk route in the first 11 months of 2003 amounted to 2.338 million tonnes, which is 0.9% more than in January-November 2002, a ...