C.A.T. Oil - Die Katze überschlägt sich fast
Kazakhstan has three major oil refineries supplying the northern region, at Pavlodar, the western region, at Atyrau, and the southern region, at Shymkent, with an estimated total refining capacity of 21.0 million tonnes per year (approximately 427 thousand bopd).
In 2008, the three refineries together processed a combined average of approximately 13,5 million tonnes per year of crude oil. The refinery at Pavlodar is supplied mainly by crude oil from western Siberia; the Atyrau Refinery runs solely on domestic crude from the western region of Kazakhstan; and the Shymkent refinery currently uses oil from the southern region of Kazakhstan. The Atyrau Refinery is undergoing modernisation to provide some additional capacity and to allow the refinery to meet current European fuel standards.
Kazakhstan is a net exporter of gas. Most of Kazakhstan’s gas reserves are located in the west of the country near the Caspian Sea, with roughly 25% of proved reserves located in the Karachaganak field.
Crude Oil Transportation
Kazakhstan’s geographic location means that the pipeline infrastructure through neighbouring countries has played an important role in the exploitation of Kazakhstan’s hydrocarbon resources, allowing it reach international markets
The CPC pipeline, which has been operational since 2001, represents a major export route. It extends 1,510 kilometres, originating in the Tengiz field, running through Russia and terminating at the CPC marine terminal on the Black Sea near the Russian port of Novorossiysk.
The UAS pipeline transports oil from fields in the Atyrau and Mangistau regions to Russia. The pipeline system runs for approximately 1,232 kilometres, from Uzen in southwest Kazakhstan to the Caspian port of Atyrau, before crossing into Russia and linking with Russia’s Transneft system at Samara. In June 2002, Kazakhstan signed a 15-year oil transit agreement with Russia. Under this agreement, Kazakhstan will export at least 17.4 million tonnes per year (350,000 bopd) of crude oil using the Russian pipeline system.
The 1,767 kilometre Baku-Tbilisi-Ceyhan pipeline delivers crude oil from Baku in Azerbaijan to a new marine terminal in the Turkish port of Ceyhan on the Mediterranean and is the first direct pipeline link between the Caspian Sea and the Mediterranean Sea. The Baku-Tbilisi-Ceyhan pipeline project is designed to transport up to 50 million tonnes (1.0 million bopd) by 2010. In May 2005, construction of the pipeline was completed and the pipeline began operating in July 2006. The Baku-Tbilisi-Ceyhan pipeline is expected to be largely dedicated to production from the Azeri-Chirag-Gunashli fields in the Azerbaijan sector of the Caspian Sea but to the extent there is available capacity, the Baku-Tbilisi-Ceyhan pipeline may be used to transport Kazakhstan crude oil shipped across the Caspian Sea to Baku by tanker.
In December 2005, China and Kazakhstan put into operation the 614 mile Atasu-Alashankou pipeline, forming part of the Atyrau-Dushantsty pipeline. The initial capacity of the Atyrau-Alashankou pipeline is 10 million tonnes (200,000 bopd) per year, with a projected increase up to 20 million tonnes per year (400,000 bopd).
07:30 18.11.09
SINGAPUR (dpa-AFX) - Die Ölpreise sind am Mittwoch leicht gestiegen. Ein Barrel (159 Liter) der US-Referenzsorte West Texas Intermediate (WTI) zur Auslieferung im Dezember kostete im frühen Handel 79,47 US-Dollar. Das waren 33 Cent mehr als zum Handelsschluss am Vortag. Der Preis für ein Barrel der Nordseesorte Brent zu Januar-Auslieferung stieg um 39 Cent auf 79,36 Dollar.
Unterstützung hätten die Ölpreise zuletzt von neuen Lagerdaten aus den USA erhalten, sagten Händler. Am Dienstag hatte das private American Petroleum Institute (API) einen deutlichen Abbau der Ölvorräte gemeldet. Die Investoren warten nun gespannt auf die offiziellen Regierungsdaten, die am Mittwochnachmittag anstehen
Oil is also poised for a weekly gain as the Organization for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China powers a global recovery. The dollar has lost 6.8 percent against the euro this year.
“In my view, investors see crude at below $78 as a buying opportunity, no matter how much of a glut we’ve got, simply because people believe the long-term trend for the dollar is down,” said Victor Shum, a senior principal at consultants Purvin & Gertz Inc. in Singapore.
Crude oil for December delivery rose as much as 53 cents, or 0.7 percent, to $77.99 a barrel in electronic trading on the New York Mercantile Exchange. It was at $77.90 a barrel at 1:42 p.m. Singapore time. Yesterday, the contract fell $2.12, or 2.7 percent, to $77.46, the biggest decline since Nov. 12. Futures are poised to increase 2 percent this week.
The economy of the OECD’s 30 member countries will expand 1.9 percent next year and 2.5 percent in 2011, the Paris-based group said in a report yesterday. Output will contract 3.5 percent this year. The OECD, which advises members on economic policy, forecast 2010 growth of 0.7 percent in June.
“Parts of the economy are starting to pick up,” said Jonathan Barratt, managing director at Commodity Broking Services Pty in Sydney. “Leading indicators are good, inventories are drawing. I am looking for a break through $80 pretty soon.”
Year End
Oil, which has risen 75 percent this year, fell yesterday as investors closed off positions before the end of the year. The Standard & Poor’s 500 Index declined 1.3 percent and the Dow Jones Industrial Average lost 0.9 percent in New York yesterday.
“Both oil and equities have done well and towards the end of the year, it may be a time for investors to lock in profit,” said Shum. “A retraction in oil prices and equities ought to take place. Both have come a long way this year despite weak fundamentals in oil and sustainability in economic recovery.”
U.S. refinery utilization rates fell for the third consecutive week to 79.4 percent last week, the Department of Energy said. U.S. supplies of crude oil fell 887,000 barrels to 336.8 million last week, according to an Energy Department report. Analysts surveyed by Bloomberg News forecast that inventories would gain 300,000 barrels.
“At this time, over the last five years, rates would be as low as 85 percent and as high as 93 percent,” Shum said. “Refineries are running at a low rate in the export markets, Korea, Taiwan, Singapore, and that indicates demand globally is still weak.”
Declines in crude oil may be limited on concern the dollar will weaken, Shum said. A weaker dollar boosts the appeal of commodities as an inflation hedge.
The dollar bought $1.4920 per euro from $1.4925, after earlier rising as high as $1.4882. It was poised for a 0.1 percent decline this week.
Nigerian Oil Minister Rilwanu Lukman said he doubted the Organization of Petroleum Exporting Countries would cut supply with prices at current levels. OPEC members generally prefer to have higher quotas, he told reporters in London yesterday. OPEC plans to meet in Angola in December to discuss production.
Brent crude for January settlement was at $78.07 a barrel, up 43 cents, at 1:30 p.m. Singapore time on the London-based ICE Futures Europe exchange. Prices fell $1.83, or 2.3 percent, to $77.64 a barrel yesterday.
Kurz darauf werden sie wieder aufgesammelt, scheint so als wäre C.A.T. Oil nur teilweise abhängig vom Ölpreis. Da die Zahlen "gesund" sind meiner Meinung nach, werden wir wohl hier noch nicht das Ende der Fahnestange gesehen haben so schnell :-) Die Auftragslage für 2010 ist gut, und wenn die Konjunktur 2010 wieder etwas mehr anzieht steigt der "Ölverbrauch" wieder rapide an denke ich. Zur Zeit sind die Lager voll, mag sein, aber mittel- und langfristig ist C.A.T. Oil weiterhin gut aufgestellt für die Zukunft würde ich sagen. Da man allgemein im russischen Bereich meines Wissens noch viele Ölvorräte vermutet, die teilweise in der Vergangenheit nicht berücksichtigt worden sind, freue ich mich schon auf 2010.
charttechnisch: 6,50er-marke von anfang oktober erreicht, d.h. innerhalb von 7 wochen +25% und nach peak wiederum -25% ... vola ist aktuell so "kräftig" wie bankentitel = peakkurs von +9 war überhitzt, kleine und große anleger sind wieder raus oder scheuen cat!
kurz: warten auf q-bericht, der wird den endjahreskurs bestimmen ...
mittel-lang: top
Ich würde mich auch freuen wenn der Anstieg wieder anfangen würde. Aber man darf nicht vergessen, wenn der Gesamtmarkt fällt wird, haben wir mit CAT überdurchschnittlich verloren. Das gleiche habe ich bei der Aareal Bank erlebt. Und die meisten Anleger sind noch sehr nervös. Lieber wir steigen langsam, aber dafür nachhaltig. Grüße Marco
6,50er-marke sollte heute gehalten werden, ansonsten sieht es eher düster aus!
@frage von holland: montag abwarten!
- Starke Finanzausstattung mit einer Eigenkapitalquote von 81,5%
- Das Nettoergebnis des dritten Quartals 2009 erhöhte sich um 59,9% auf 9,2 Millionen Euro (Q3 2008: 5,7 Millionen Euro)Wenn sich die wirtschaftliche Lage 2010 weiterhin entspannt, dürfte C.A.T. Oil sicher irgendwann mal wieder alte Höchststände erreichen, meiner Meinung nach.
Wird zwar noch ne Weile dauern evtl, aber unmöglich scheint mir das nicht, betrachtet man die Performance dieses Jahr, Respekt. Die EK-Quote stimmt mich auch immer wieder Positiv.
