Sharp decline in Azerbaijani oil output in March 2018

Sharp decline in Azerbaijani oil output in March 2018 Azerbaijan produced 740,000 b/d of crude oil and 54,000 b/d of condensate, exported 629,600 b/d of crude oil, 54,000 b/d of condensate and 10,600 b/d of oil products in March 2018. According to Energy Ministry, average production by Azerbaijan made up 814,600 barrels of oil per day in January, 806,000 barrels in February in accordance with the agreement on keeping daily output at 834,000 barrels per day. Daily output was decreased... Read More

The national currency rate of Azerbaijan: after the presidential elections

The national currency rate of Azerbaijan: after the presidential elections The subsequent destiny of the national currency’s (manat) exchange rate (after the presidential election in the Republic of Azerbaijan, April 11, 2017) is one of the main topics of public debate in recent weeks, as well as the main focus of the mass media. The main issue that disturbs public opinion is that following the election, changes in the exchange rate policy of state institutions can cause... Read More

CESD Research Paper: Higher Oil Price: Sustainable or Temporary Economic Growth?

CESD Research Paper: Higher Oil Price: Sustainable or Temporary Economic Growth? The purpose of the research is to demonstrate the influence of oil price change on Azerbaijan as a whole in order to provide the explanation for the major developments of economic and social policies. Furthermore, the paper studies the impact of increasing and stabilizing oil prices on Azerbaijan Economy after the second half of 2016. It presents a macroeconomic analysis of the impact of stabilized... Read More