CESD Chairman Elected to PASOS Board

CESD Chairman Elected to PASOS Board Vugar Bayramov, chairman of CESD, elected to PASOS Board at General Assembly in Warsaw, Poland, on November, 26, 2011. PASOS (www.pasos.org)  is the major think tanks association in Central and Eastern Europe. PASOS supports the development and strengthens the outreach and impact of its 50 members (39 full members, 10 associate members, and 1 individual associate member). PASOS builds upon the work undertaken by the Local Government and Public... Read More

Gas price slump worries major producers

Gas price slump worries major producers GECF countries ended their summit last week in Doha amid concern about natural gas prices that have been falling since the global financial crisis of 2008 Members of the Gas Exporting Countries Forum (GECF) ended their 13th ministerial meeting and their first summit last week in Doha amid concern about natural gas prices that have been falling since the global financial crisis of 2008. World gas demand fell by 2.1 per cent from its 2008... Read More

No reasons for Nabucco not to succeed

No reasons for Nabucco not to succeed Nabucco gas pipeline project, which is designed to transport gas from the Caspian region and Middle East to European countries, is the only project in the Southern Corridor that will enable economies of scale and diversification of gas sources to Europe, The Wall Street Journal reported referring to the official representative of Nabucco consortium. “We are operating off a very strong basis and there is no reason why, on the political,... Read More

Oil production in Azerbaijan; to decline or to rise?

Oil production in Azerbaijan; to decline or to rise? CESD:  “Latest government forecast on oil production is not realistic” Azerbaijan’s oil production to rise by 12% by 2016”- such idealistic forecast distributed by government news agencies after CESD announced its oil production forecasts. The government report says that oil production in Azerbaijan in 2015 is expected at 50,956,600 tonnes, up by 11.8% over 2011. But the report does not cite exact source of this forecast,... Read More

Migration Policy in EaP Countries

Migration Policy in EaP Countries Vugar Bayramov, chairman of CESD, attended “Ukraine and Eastern partnership countries on the Europe’s migration map: experience, challenges and prospects” organized by Regional Office of the Friedrich Ebert Foundation in Ukraine and Europe Without Barriers in Kiev, Ukraine on November, 22, 2011. Dr. Bayramov presented Azerbaijani case and addressed visa liberalization process between EU and Azerbaijan as well as current migration policy... Read More

Azerbaijan’s oil and gas output on downward trend

Azerbaijan’s oil and gas output on downward trend Azerbaijan’s oil and gas production decreased in the first ten months of 2011 compared to the same period of 2010, according to official estimates. 39 million tons of oil and 21.6 billion cubic meters of gas were produced in the country, 9.1 percent and 2.7 percent down respectively from January-October 2010, the State Statistics Committee said. 51 million tons of oil and 27 billion cubic meters of gas were extracted in 2010    Read More

Gas price slump worries major producers

Gas price slump worries major producers Members of the Gas Exporting Countries Forum (GECF) ended their 13th ministerial meeting and their first summit last week in Doha amid concern about natural gas prices that have been falling since the global financial crisis of 2008. World gas demand fell by 2.1 per cent from its 2008 level but recovered and rose by 7.3 per cent in 2010 mainly due increase in Japan’s LNG imports in the wake of the Fukushima nuclear crisis. Although... Read More

Cost of Baku-Tbilisi-Kars railway project increased 3.3 times

Cost of Baku-Tbilisi-Kars railway project increased 3.3 times CESD regional monitoring sparks probe into over-estimation of project costs Cost of Baku-Tbilisi-Kars railway project increased again in November, 2011. The cost of the project reached $ 1 billion 252 million which initially was $ 420 million. The project cost increased 3.3 times compare starting cost of project, without proofing any severe reasons- announced Center for Economic and Social Development (CESD), Azerbaijan.... Read More

Oil prices set at $80 per barrel in 2012 state

Oil prices set at $80 per barrel in 2012 state The price of a barrel of crude oil has been set at $80 in calculation of revenues of the 2012 state budget. The State Oil Fund is expected to transfer AZN 9.905bn to the 2012 state budget, according to the Finance Ministry. The budget revenues of the State Oil Fund of Azerbaijan are estimated at AZN 10.697bn and expenditures at AZN 10.482bn in 2012. The oil output is forecast at 46m tonnes and gas output at 28.3m cubic meters... Read More

Nabucco can offer unified transport conditions: Mitschek

Nabucco can offer unified transport conditions: Mitschek Nabucco gas pipeline project is the only project which can offer unified transport conditions from the eastern Turkish border to the Central Europe, Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said in an interview with EurActiv. “That is what makes us unique and that is what the markets appreciate and the countries appreciate,” Mitschek said. Nabucco gas pipeline project is designed... Read More