Chronology: Petroleum Affairs

The Middle East Journal, Summer 2000 | Go to article overview
Save to active project

Chronology: Petroleum Affairs


Feb. 2: Egyptian Petroleum Minister Sameh Fahmy signed an agreement with the Turkish government that would provide for the yearly export to Turkey of 8 million cubic meters of gas. (2/18 MEED]

Feb. 9: The London daily Financial Times reported that in Ashgabat, recent governmental talks on the construction of the $2.5 billion Trans-Caspian Gas Pipeline (TCGP) had yielded positive results. At the talks, Turkmenistan agreed to allow the transport of gas from Azerbaijan. [2/10 FT, 2118 MEED]

Feb. 14: For the first time since the Gulf War in 1991, the price of crude oil exceeded $30 a barrel. [2/15 NYT, WSJ]

Feb. 16: Azerbaijan and the Shah Deniz consortium, led by BP Amoco, and including Iran's Oil Industries Engineering Company (OIEC), Turkish Petroleum Overseas Company, and Azerbaijan's Socar, agreed to export to Turkey five billion cubic meters of gas by the end of 2002. [2/17 FT, WSJ, 3/3 FBIS]

Turkish Minister of Energy Cumbur Ersumer said that Russia had pulled ahead in the race to be the first to deliver gas to Turkey. The $3 billion joint project between Russia's Gazprom and Italy's ENI SpA, was due to be completed by 2001. [2117 WSJ]

Feb. 22: Azerbaijani President Heydar Aliyev announced a concession on tariffs for the $3 billion Baku-Ceyhan pipeline, that would transport oil from Azerbaijan through Georgia to the Turkish port of Ceyhan. [3/24 WSJ]

Feb. 23: In Riyadh, oil ministers from Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) convened a meeting of the Gulf Cooperation Council (GCC) to discuss stabilization of global oil prices, [2/24 NYT, WSJ]

Feb. 27: After demands by the Saudi government that Japan invest $2 billion on infrastructure projects, the Japan-based Arabian Oil Company relinquished its drilling rights in the Khafji field. The Saudi government indicated that it would grant the concession to Aramco Gulf Operations Company, a subsidiary of state-owned Saudi Aramco. [2/29 FT, WSJ, 3/10 MEED]

Feb. 28: The Wall Street Journal reported that, in a recent television broadcast, Turkmenistani President Saparmurad Niyazov had criticized the US Caspian policy as deliberately holding up the US-backed TCGP project, and of supporting a split of gas volumes between Turkmenistan and Azerbaijan. [2128 WSJ]


The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Chronology: Petroleum Affairs


Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?