IN THIS ISSUE:
Commentary: Iranian Fuel Situation Deteriorates
With the introduction of additional sanctions by the US, European Union and United Nations, Tehran has combined continuing defiance with a new domestic plan. The first is now expected, while the second is not given much chance of success. Page 1
New Option Emerges in Central Asian Natural Gas Competition
Turkmenistan has decided to build the East-West gas pipeline independently. ENI has also offered an LNG option. Page 12
There is Insufficient Oil to Justify KCTS Construction
KazMunayGaz head Kairgeldy Kabyldin has declared there will not be sufficient actual oil volume to justify construction of the Kazakhstan Caspian Transport System (KCTS) either in 2012 or for that matter in 2014-2016. Page 18
Kazakh Commercial Contracts Rather than PSAs
On the one hand, Kazakhstan uses the crisis to increase the project share of KazMunayGaz or to enter into projects with foreign companies. On the other, it is opening to outside companies a route to new shelf projects. Page 24
Breaking Developments
Kazakhstan Moves to Introduce Islamic Securities; New Project Financing Approach Emerging … Bulgaria Serious About Nabucco Page 2
Government & Economy News Page 10
Companies & Projects News Page 22
Transport & Infrastructure News Page 29
Statistics Page 31
