Richard Melson

March 2006

Caspian Oil

http://www.caspianstudies.com

The International Institute for Caspian Studies (IICS):

PO BOX 19395-7177 Tehran IRAN

Tel: (21)2293799

Fax: (21)2293799

E-mail:info@caspianstudies.com

The International Institute for Caspian Studies (IICS)

is a non governmental research and consultancy institute based in Tehran and aimed at promoting and undertaking scholarly studies regarding political, economic, social, cultural, environmental, and legal issues of the Caspian region. Founded in 1998 the institute seeks to build a comprehensive research and information centre capable of encouraging researchers and other interested parties to follow the multifaceted issues of the regional countries and bring new prospectives to the regional problems. The main areas of research are the countries bordering the Caspian Sea, with special focus on topics of common interest in the region.

The IICS endeavors to establish cooperation with similar international institutions all over the world especially in Russia, Kazakhistan, Azerbaijan and Turkeminstan to enhance studies on all aspects of the Caspian Sea. There are growing number of studies conducted by research and consultancy institutions outside the Caspian region that are eager to utilize local contributions and assessments in their work.

The Institute would also take on studies on the utilization of the resources and encourages regional integration among the countries surrounding the Caspian Sea.

The IICS endeavors to establish cooperation with similar international institutions all over the world especially in Russia, Kazakhistan, Azerbaijan and Turkeminstan to enhance studies on all aspects of the Caspian Sea. There are growing number of studies conducted by research and consultancy institutions outside the Caspian region that are eager to utilize local contributions and assessments in their work.

In the long run the Institute plans to organise a wide range of cultural and social seminars, including: publishing books, software, Information Technology Services, films and documentaries....

IICS has enlisted experts in various fields capable of contributing to any significant study concerning the region. The Institute is prepared to undertake research and consultancy work on various current and strategic issues, especially on oil and gas resources and transportation.

The Institute organizes periodical seminars and conferences in cooperation with other international parties in order to promote dialogue and understanding among officials, academics and businessmen regarding existing issues in the region. These activities are aimed at presenting political and economical points of view, as well as prospects for energy and environmental projects in the region.

Membership of the Institute is open and free to all institutions and individuals of all nationalities interested in the Caspian region. The Institute is financially independent and all income from studies, consultancies and conferences are allocated for enhancement of its aims and promotion of further studies regarding the Caspian region.

IICS welcomes worldwide contributions from governments, academic institutes, businesses, diplomats and journalists interested in this important region.

===============================================

IICS * IICS * IICS * IICS * IICS * IICS * IICS

================================================

EURASIA:

THE OFFICIAL NEWSLETTER OF THE INTERNATIONAL

INSTITUTE FOR CASPIAN STUDIES, TEHRAN (IICS).

http://www.caspianstudies.com

behmard@caspianstudies.com

E-Mail Address: iics@caspianstudies.com

To subscribe to this list, send a blank e-mail to:

eurasia-subscribe@topica.com

To UNsubscribe send a blank e-mail to:

eurasia-unsubscribe@topica.com

The International Institute for Caspian Studies

does not endorse any product, service or statement on this email message.

===============================================

IICS * IICS * IICS * IICS * IICS * IICS * IICS

================================================

Petroleum & Gas: Kazakhstan

(Business Eastern Europe Via Thomson Dialog NewsEdge)

State-owned KazMunaiGaz

has attracted an $800m syndicated loan to develop the giant offshore Kashagan oil and gas

field in the Caspian Sea.  BNP Paribas, Societe Generale (both France) and Citigroup (US)

are organisers of the loan, which carries an interest rate of LIBOR plus 50 basic points and

matures after 18 months.

In May 2005, KazMunaiGaz acquired an 8.33% stake in the project from the BG

Group (UK) for an undisclosed price.

The market value of the stake has beenvalued at $1.23bn.

KazMunaiGaz has indicated that it may invest up to $1bn in the project.

The other shareholders in the Kashagan field are ENI (Italy), Total (France),

ExxonMobil (US) and Royal Dutch-Shell (Netherlands-UK), each with an 18.52%

stake, ConocoPhillips (US), with 9.25%, and Inpex (Japan), with 8.33%.

The Kazakh government expects to receive over $60bn from the Kashagan field over

the next 40 years. Kashagans recoverable oil reserves are estimated at 7bn-9bn

barrels, which would make it the worlds fifth-largest oil field. The consortium

plans to begin oil production at Kashagan in 2007 or 2008 (BEE May 9th 2005).

SOURCE: Business Eastern Europe

http://www.tmcnet.com/usubmit/2006/02/13/1368245.htm

This email was sent to: richardemelson@hotmail.com

EASY UNSUBSCRIBE click here:

http://topica.com/u/?bz8RxY.cfzYab.cmljaGFy

Or send an email to: eurasia-unsubscribe@topica.com

For Topica's complete suite of email marketing solutions visit:

http://www.topica.com/?p=TEXFOOTER

Petroleum & Gas: Kazakhstan

behmard@caspianstudies.com

Saturday, March 11, 2006