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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (65500)	5/13/2007 1:45:14 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

Azerbaijan will join Trans-Caspian gas pipeline project if it is built - official (Ref: your question) 10 May 2007 [10:55] - Today.Az Azerbaijan will take part in the Trans-Caspian gas pipeline project if its implementation is started, Azeri Deputy Foreign Minister Araz Azimov said. "If this project is implemented, Azerbaijan will take part in it with great pleasure," Azimov said at a news briefing in Moscow on Tuesday. "This project does not exist yet, although an informational war is already being waged" around it, Azimov said. Azerbaijan is a hypothetically transit state in the case of it joining the Trans-Caspian gas pipeline project, he said. Asked to comment on the opinion that Moscow is against laying a gas pipeline along the Caspian floor, Azimov said he believes this issue could be resolved between the participants to the project on a bilateral basis. He cited the construction of the Blue Stream gas pipeline as an example, which has been laid through the Black Sea floor without coordination with third counties. The Trans-Caspian gas pipeline is expected to run from Tengiz (Kazakhstan) to Baku (Azerbaijan) through Turkmenbashi (Turkmenistan) and should be later linked to the Baku-Tbilisi-Erzurum pipeline. Interfax /www.caucaz.com/ ____________________________________________________ Russia, Kazakhstan, Turkmenistan agree on Caspian pipe 12 May 2007 [12:29] - Today.Az Russia, Kazakhstan and Turkmenistan agreed to build a gas pipeline along the Caspian coast and will sign the deal by September 1, a joint declaration of the three presidents said Friday. Following the summit meeting in Turkmenistan, Vladimir Putin, Nursultan Nazarbayev and Gurbanguly Berdymukhammedov instructed their governments to order the construction of the pipeline starting from the second half of 2008. The pipeline, which will run from Turkmenistan along the Caspian coast of Kazakhstan and on to Russia, is a rival project to U.S. and European proposals to build a pipeline under the Caspian Sea, which would carry Turkmen gas to southern Europe bypassing Russia, the sole re-exporter of the Turkmen gas. Putin's Central Asian tour, which includes Kazakhstan and Turkmenistan, coincided with an energy summit in Poland May 11-13 aimed at reducing energy dependence on Russia. Nazarbayev, its key participant, pulled out from the forum also being attended by Azerbaijan, Georgia, Ukraine and Lithuania. RIA Novosti _____________________________________________ No Kazakhstan's oil for BTC? 10 May 2007 [16:33] - Today.Az Russian President Vladimir Putin, on a Central Asian tour aimed at boosting Russia's influence in the region's rich energy sector, on Thursday agreed to allow most of Kazakh oil to be shipped through Russian territory. At talks with Kazakh President Nursultan Nazarbayev, Putin agreed to the expansion of a pipeline that carries oil from Kazakhstan's Tengiz field to the Russian Black Sea port of Novorossiisk. Russia previously had resisted expanding the pipeline, fearing that it would put Kazakh and Russian oil in competition for the limited number of tankers allowed to go from Novorossiisk through the overcrowded Bosporus and on to Western markets. The resistance prompted the consortium operating the pipeline to consider an alternative route connecting with the Baku-Tbilisi-Ceyhan pipeline that carries Caspian oil to Turkey on a route that bypasses Russia. That pipeline was strongly backed by the United States, reflecting competition between the West and Russia for Central Asia's immense oil and gas reserves. Putin also agreed to Kazakhstan's participation in a Russian-controlled 280-kilometer (175-mile) pipeline that runs from Bulgaria's Black Sea port of Burgas to Alexandroupolis, in northern Greece. Following the talks in the capital Astana, Nazarbayev told reporters that his country "was absolutely committed to shipping most our hydrocarbons, if not all, through (Russian) territory," the official news agency Kazinform said. Putin will leave for neighboring Turkmenistan's capital, Ashgabat, later Thursday for talks with the country's new president, Gurbanguli Berdymukhamedov. On Friday the Russian, Turkmen and Kazakh leaders plan to discuss construction of a new pipeline along the Caspian Sea coast that would carry natural gas from Turkmenistan into Europe via Kazakhstan and Russia, according to Russian officials. The prospective deal would further boost Russia's role as a major energy supplier to Europe and strengthen Western fears that Moscow could use its clout for political purposes. The United States and Europe have been lobbying for a trans-Caspian gas pipeline, from Kazakhstan to Turkey via Azerbaijan and Georgia as they try to secure sources of oil and gas outside the Middle East and to draw Caspian states away from Russia and closer to the West. Washington and Brussels have intensified diplomacy around the trans-Caspian project since Russia briefly halted gas supplies to its ex-Soviet neighbors at the start of 2006 and 2007 amid politically charged price fights that led to shortfalls in supplies to the European Union. Putin's visit to Central Asia also comes amid increased competition for Turkmenistan's vast gas reserves since the death last year of President Saparmurat Niyazov, who signed deals to build export pipelines to China. Russia controls the only export routes for Turkmenistan's gas and the main pipeline for Kazakh oil exports. From Turkmenistan, Putin Saturday will go to Kazakhstan's Caspian city of Aktau. Kazakhstan is planning to produce 2.6 million barrels of oil a day and 45 billion cubic meters of natural gas annually by 2015. Turkmenistan is the largest natural gas producer among ex-Soviet countries after Russia. The Associated Press /The International Herald Tribune/

To: mishedlo who wrote (65500)	5/13/2007 3:54:16 PM
From: Chispas	Read Replies (1) \| Respond to of 116555

Sellers' financial problems create a problem for the buyer - Question: My daughter signed a purchase contract to buy a town house. She already paid for the professional inspection, appraisal and credit report for about $650 total. The real estate agent recently informed her there are several liens against the title, and the sellers are having financial difficulties. She said they cannot pay off these liens until they receive the sale proceeds. The title insurer won't issue a title policy until the title is cleared. What happens next? Does that mean the contract is not valid anymore? Answer: Hopefully, your daughter is closing her purchase through a bank, licensed title or escrow firm, or a real estate settlement attorney is handling the closing. The seller liens can be paid off as part of that closing procedure, just the same as when an old mortgage is paid off by using the proceeds of a sale. It would be a smart idea for your daughter to ask for a tentative settlement statement now to be sure the seller will receive enough funds from her down payment and new mortgage to pay off the seller's liens against the property. If the total liens exceed the sales price, then your daughter can cancel the sale and get her deposit refunded -- unless the sellers can pay the excess amount from other sources. The title insurer should give your daughter a preliminary title report showing exactly what liens and their amounts must be paid off from the sales proceeds so marketable title can be conveyed to her. When the sale closes, she should purchase an owners title policy for her protection. orlandosentinel.com

To: mishedlo who wrote (65500)	5/13/2007 4:32:50 PM
From: NOW	Read Replies (1) \| Respond to of 116555

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