Clarification of Answer by
easterangel-ga
on
03 Nov 2003 19:01 PST
Hi again!
Here are some trends.
CANADA:
" Canadian Association of Petroleum Producers (CAPP) reported that
conventional crude oil and condensate stood at an estimated 5.2
billion barrels. The change in reserves has pushed Canada into second
place behind Saudi Arabia, which holds the most proven crude oil
reserves in the world. However, some analysts have questioned the new
assessment and whether it is accurate."
"Canada's oil sector has seen significant mergers and acquisitions in
recent years."
"Canadian firms also have been busy reorganizing the country's oil
patch."
"A combination of high development costs, growing environmental
concerns, and high natural gas prices have resulted in some companies
shelving projects."
EIA Country Analysis Briefs Canada
http://www.eia.doe.gov/emeu/cabs/canada.html
-------------------
TURKEY:
"In general, Turkish oil consumption has increased in recent years,
although the country's recent economic recession plus price
deregulation measures (which have raised the price of many oil
products) since June 1999 appear to have interrupted this trend for
the time being. During 2002, for instance, it appears that Turkish oil
consumption and imports were down approximately 30,000 barrels per day
(bbl/d) from 2000 levels"
"Turkey's oil production is accounted for primarily by three companies
-- the Turkish State Petroleum Company (TPAO), and foreign operators
Royal Dutch/Shell (Shell) and ExxonMobil. Smaller companies include
Petrom of Romania (produces around 2,600 bbl/d in the Selmo block) and
Aladdin Middle East (480 bbl/d in Siirt and Gaziantep)."
"In March 2003, a major petroleum market reform bill was sent to
Turkey's parliament. If enacted, the law would liberalize pricing of
oil and oil products as well as integrate pipeline, refining, and
distribution functions."
"Oil and gas transportation is a crucial and contentious issue in the
Caspian Sea/Central Asia regions. Turkey and the United States have
pushed for a "Western route" pipeline that will carry oil from
Azerbaijan's port of Baku through Azerbaijan and Georgia and then
across Turkey to Ceyhan. The planned 1-million-bbl/d capacity,
Baku-Tblisi-Ceyhan (BTC) "Main Export Pipeline" will stretch
approximately 1,038 miles (281 miles through Azerbaijan, 135 miles
through Georgia, and 622 miles through Turkey) and is expected to cost
$2.8-$2.9 billion to construct. Despite initial opposition to the
pipeline, which several oil companies criticized as too costly and
uneconomical with the planned volumes from Azerbaijan, construction on
the Turkish section of the pipeline began in June 2002."
"In July 2002, Turkey's government announced that it would sell its
25.8% share in POAS to the majority shareholder, Is Dogan Petrol
Yatirimlari AS. The announcement came amidst calls by the IMF for an
acceleration in Turkey's privatization process."
EIA Country Analysis Briefs Turkey
http://www.eia.doe.gov/emeu/cabs/turkey.html
I hope that this clarification enriches my original answer.
Thanks!
Best Regards,
Easterangel-ga