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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: arnold silver who wrote (4101)	10/26/1997 9:29:00 AM
From: faris bouhafa	Respond to of 11888

Arnie, the list that you posted is a list of market makers in the stock. The numbers are the total volume of shares that each MM bought or sold in a given month. Here's an interesting article from this morning's Washinton Post: Oil Starts Flowing From Caspian to Black Sea By David Hoffman Washington Post Foreign Service Sunday, October 26, 1997; Page A19 MOSCOW, Oct. 25 With the flip of a large white valve handle, oil from one of the world's last great known reserves began flowing out of the Caspian Sea region today and through Russia for export to the West, a trickle that eventually will become a torrent of crude. Natik Aliyev, president of the State Oil Company of Azerbaijan, pulled the handle at an Azeri village, Shirvanovka, on the border with Russia. He opened a pipeline stretching hundreds of miles northwest from Baku on the Caspian Sea to the Russian port of Novorossiysk on the Black Sea. This early flow of oil -- about 120,000 tons are expected through the pipeline by year's end -- is just the beginning of what may eventually become several million barrels a day from the Caspian, rivaling the Middle East as a source of energy for the world. While energy companies and Caspian Sea countries have been working intensively for years to extract the oil, pipelines have been a bottleneck. The route opened today runs through war-devastated Chechnya, the breakaway Russian region. Only recently did Russia and Chechnya reach an agreement on repairs of the 93-mile segment through Chechnya that was wrecked during the war. The Azeri leg of the pipeline was refurbished nearly seven months ago. At the ceremony, Aliyev said Azerbaijan, a former Soviet republic, was resuming export of its own oil to Western markets for the first time in 65 years "in the most reliable and profitable way, by pipeline." Azeri oil once was exported through a line from Baku, the Azeri capital, to Batumi, a Georgian port on the Black Sea, but it was shut down in 1932. The first 40,000 tons of Azeri export oil were bought by the Russian oil giant, Lukoil. The quickened pace of Caspian oil development threatens to reshape the political geography of the region. Azerbaijan, Kazakhstan and Turkmenistan claim the bulk of Caspian oil and gas resources, but they have to contend with Russia, which still considers the region its sphere of influence. The United States has been seeking to defuse Russia's control over the future oil exports by encouraging multiple pipeline routes out of the Caspian, including a southern one that would bypass Russia. Azerbaijan also hopes the flow of oil -- and its improving ties with the West -- will strengthen its hand in efforts to win back territory captured by Armenia in the war over the disputed ethnic Armenian enclave of Nagorno-Karabakh, located within Azerbaijan but now held by Armenia. Negotiations over the dispute have been stalled for years. c Copyright 1997 The Washington Post Company