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