Via GreenGoPost, a look at Azerbaijan’s oil dependence: In Azerbaijan, the hydrocarbon, oil, and gas extraction industry continues to represent the lion’s share of the economy. Yet, according to economist Vugar Bayramov, director of the Center for Economic and Social Development, the mismanagement of profits and the lack of a development strategy for other sectors […]
Read more »Via The Oil Drum, an interesting article on Azerbaijan’s future oil and natural gas production. As the report notes: “…The President of SOCAR, the State Oil Company of Azerbaijan, is touring the United States at the moment. His goal is, in part, to gain support for the Baku Higher Petroleum School, a place to generate […]
Read more »Courtesy of STRATFOR (subscription required), details on the plans by Azerbaijan’s state-owned energy firm, SOCAR, to construct a new pipeline to export natural gas to Iran. As the article notes: “…The report quoted the deputy head of Azerigaz, SOCAR’s natural gas subsidiary, as saying that work was in progress to construct the 200-kilometer-long (124-mile-long) Sangachal-Azadkend-Astara […]
Read more »Via Stratfor (subscription required & recommended), interesting analysis of the deal signed between Russia and Azerbaijan on June 29, under which Russia will pay Azerbaijan $350 per thousand cubic meters of natural gas — the highest price Russia has paid for natural gas from the Caucasus or Central Asia. As the article notes, Moscow hopes […]
Read more »Via Energy Daily, a report on Azerbaijan’s oil production and economic progress. As the article notes: “…Last year Azeri oil production totaled 44.5 million tons of crude, while the government’s original forecast was for 50 million tons. Speaking at a news conference in Baku on May 22, Industry and Energy Minister Natig Aliyev told journalists, […]
Read more »Via Energy Daily, an intriguing analysis of a recent agreement beween Russia and Azerbaijan that may be the harbinger of a dramatic shift in Baku’s Western-leaning policy. As the article notes: “…On March 27, officials from Gazprom and the State Oil Co. of Azerbaijan Republic signed a memorandum of understanding providing that discussions between the […]
Read more »