Swedish minister of Economical Development, Mona Salin, has announced that by 2020 Sweden plans to stop using oil completely. This will be accomplished by the use of renewable sources of energy.

From the calculations of economists, 1 liter of petrol, that costs $1.43 in Sweden today, will cost no less than $2.5 in four to five years.

The Swedish government plans to increase energy production from renewable sources by 2016.

According to official data, today 26% of energy consumption in Sweden is from alternative and renewable sources. In contrast, in 1970, 77% of energy use was from oil. Today 32% of total energy use is from oil and gas, and only 8% of houses in the country are being heated by oil.

Azerbaijan International Operational Company (AIOC) in January, 2006, extracted 1,373,700 tons of oil from the territory "Azeri-Chirag-Guneshli" (ACG), situated in Azeri sector of the Caspian Sea.

According to AIOC, the increased volume of oil extraction is connected with the development of the"Azeri" deposit. AIOC started oil extraction from the central part of "Azeri" on February 13, 2005 (and from the "Chirag" platform-on November 7, 1997). On December 30, 2005, AIOC received the first oil from the "Western Azeri" platform.

The scale of oil extraction on the contract territory of AIOC

By February 1, 2006 AIOC extracted from the Caspian Sea more than 52,27 mln tons of oil. In 2006 the consortium plans to extract more than 20 mln tons of the crude product. Today total extracted reserves of ACG are predicted to be 730 mln tons of oil.

In January, 2006, 1,353,353 tons of oil were exported into the world markets, of which 599,249 tons of the crude product were exported by Baku-Supsa oil pipe line ("western" route), and 339,772 tons-by Baku-Novorossiysk oil pipeline ("northern route).

In addition, AIOC exported 353,955 tons of the crude product by railway into the Black Sea port, Batumi (Aztrans, the private company is the transportation operator). Although, out of this volume only 320,110 tons were loaded into tankers.

During the noted time AIOC pumped 60,347 tons of oil extracted from the "Azeri" deposit into the newly built pipeline Baku-Tbilisi- Ceyhan (BTC).

From May 10, 2005 to January 31, 2006, overall pumped crude product was 625,477 tons. BTC Company was founded in August 2002 for construction and exploitation of the BTC pipeline. BTC buys the oil that is to be pumped into the pipeline from AIOC.

*The transportation of oil by the rail route Baku- Batumi started in June,2005 because of a delay in BTC pipeline work.

The ministry of Energy and Industry has announced that in 2005 the export of electric energy from Turkmenistan to the neighboring countries has grown by 13.8% and made up 1 bln 292 mln kw/h. Although, the export of Turkmen electric energy to Iran has made up 598.9 mln kw/h; 534.6 mln kw/h to Turkey; and 159.7 mln kw/h to Afghanistan.

The report says that in 2005 the supplies of Turkish electric energy to Turkey went through the territory of Iran.

The federal customs service of The Russian Federation has announced that in 2005, Russia exported 233,147,000 tons of oil, which is 2.68 % less than in 2004. The income from the export of oil during 2005 has increased by 43.98%, to $79,216,444,000.

Also in 2004, 214,435,800 tons of oil totaling $73,826,500,000 was exported into the distant foreign countries, 18,711,200 tons totaling $5,389,900,000 to the Commonwealth of Independent States.

According to the Ministry of Industrial Energy of the Russian Federation, oil extraction with gas condenser in Russia in 2005 has reached 470,200,000 tons, which exceeds the indexes by 2.4%. At the same time, according to the ministry, oil export from the Russian Federation has been lowered by 1.1%- to 251 mln tons.

The head of "Azerigas" press service, Kamandar Eyvazli, has announced that since February 6, 2006, after the restoration of supplies of Russian gas to Georgia, Azerbaijan stopped the export of the "blue fuel" to Georgia. According to Eyvazli, Azerbaijan has supplied Georgia 2 to 2.5 mln cubic meters daily since January 2006 because of the energy crisis in that country. Since January 30, "Azerigas" accomplished the transit of Iranian gas through its territory to Georgia in the volume of no more than 2 mln cubic meters per day.

Totally during this period "Azerigas' has supplied Georgia with 32 mln cubic meters of gas, of which 15 mln cubic meters were Iranian gas.