CSO Sustainability Index Presented

CSO Sustainability Index Presented CESD Developed Azerbaijani Part of Index United States Agency for International Development (USAID) presented the fifteenth edition of the CSO Sustainability Index for Central and Eastern Europe and Eurasia, covering developments in 2011. The Sustainability Index reports on the strength and overall viability of CSO sectors in each of the twenty nine countries in the region, from the Baltics to Central Asia. The Index highlights both advances... Read More

Shah Deniz consortium selects Nabucco as 2nd gas export route

Shah Deniz consortium selects Nabucco as 2nd gas export route Shah Deniz consotirum has finished the evaluation of potential gas exporting routes in direction of south-eastern and central Europe, BP-Azerbaijan reports. ‘The Nabucco West project with a route running from the Turkish-Bulgarian border to Baumgarten (in Austria) has been selected as the single pipeline option for the potential export of Shah Deniz Stage 2 gas to Central Europe. Development of the South East Europe... Read More

How Will Oil Price Impact on Azeri State Budget?

How Will Oil Price Impact on Azeri State Budget? Cheapening of oil price in world markets does not create a threat for state budget of Azerbaijan, Deputy Finance Minister Azer Bayramov said. To him, base price of oil in the budget (100 dollar/barrel) is average annual price. ‘At present, average annual price of oil is not lower from the level considered in the budget’, he said, APA reports. Note that, as of the beginning of 2012, price of Azeri Light was equal to $115-120... Read More

“Global Affairs” Journal Referenced CESD Reports

“Global Affairs” Journal Referenced CESD Reports “Global Affairs” Referenced CESD Reports in its last paper titled “Gas Security in the Transitional European Market”. The paper states that Europe may continue building its relations with Moscow, viewing it as the main historical “outsider.” However, such an approach has been rejected by the Franco-German axis and some other countries in the EU. A continued confrontation in the energy policy is a costly and unrealistic... Read More

Shah Deniz to determine pipeline to transport Azeri gas to Europe?

Shah Deniz to determine pipeline to transport Azeri gas to Europe? Shahdeniz consortium will choose the pipeline to transport Azeri gas to Central Europe. The statement came from President of the State Oil Company of Azerbaijan Rovnag Abdullayev. Commenting on signing of documents on TANAP (Trans-Anatolia Gas Pipeline) Abdullayev noted that, Azerbaijan and Turkey would realize this project jointly: “TANAP is an significant project for gas delivery to and ensuring of energy... Read More

Oil Dominates in Azeri Export

Oil Dominates in Azeri Export 91.33% of total exports of Azerbaijan accounted for oil and petroleum products in the first five months of 2012 . According to the State Customs Committee (SCC) during the period 86.45% of total exports accounted for Azerbaijani crude oil, while 4.88% for oil products. According to the results of 2011, 91.94% of total exports accounted for oil and petroleum products.  During this period, 86.2% of total exports accounted for crude, while 5.74% for... Read More

New Gas Export Agreement

New Gas Export Agreement A preliminary agreement between BOTAS and SOCAR on organizational issues with regard to TANAP was signed by Azerbaijani minister of industry and energy Natig Aliyev, Turkish minister of energy and natural resources Taner Yildiz, SOCAR president Rovnag Abdullayev and BOTAS deputy director general Mehmet Konuk, APA reports. The Host Country Agreement between the Turkish Government and Trans-Anatolian Natural Gas Pipeline Project Company was signed by... Read More

Azerbaijan cuts production of oil products

Azerbaijan cuts production of oil products Some 4.7%-decline was observed in production of oil products in Azerbaijan during January-May, 2012. According to State Statistical Committee, production of gasoline rose 1.7%, kerosene – 4.8%. Production of diesel fuel decreased by 9.8% to 911.8 thousand tons. Production of lubricating oils dropped 14% to 30.2 thousand tons. AZN 46.4 mln-finished products were in oil processing enterprises’ storehouses.    Read More

EU commited to sign agreement on Trans Caspian pipeline project

EU commited to sign agreement on Trans Caspian pipeline project The EU is commited to conclude an agreement between the EU, Azerbaijan and Turkmenistan, featuring a legal framework for the Transcaspian Pipeline, Council of the EU conclusions on Central Asia say. According to the conclusions, published on the Council’s official website, EU considers an agreement as an important contribution to support the opening of a Southern Gas Corridor.  Read More

No roads to the past

No roads to the past Russia to offer the former Soviet republics, united in the Commonwealth of Independent States (CIS), a new “union treaty” by the end of 2012. It should be noted that Russia’s intention to revive the Soviet Union are no longer news. In his last address as prime minister on the eve of his inauguration as President Vladimir Putin has singled out the “five priorities” for his third term. His fifth point consisted of strengthening... Read More