Why TAP?

Why TAP? CESD: TAP will contribute to EU Energy Security but Russian monopoly in Central and Eastern Europe will remain BP and the State Oil Company of Azerbaijan signed an agreement to deliver Azerbaijan’s gas to Europe via the Trans-Adriatic Pipeline (TAP) rather than the competing Nabucco West project at the Four Seasons Hotel in Baku on June 28th, 2013 TAP is a consortium established by Norway’s Statoil (42.5%), Swiss’s Axpo (42.5%),... Read More

Azerbaijan Economy in The First Five Months in 2013; Brief Overview

Azerbaijan Economy in The First Five Months in 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months of year on June, 17, 2013. Meanwhile, State Statistic Committee reported that oil output in Azerbaijan declined by 3,0 % in the first five months of 2013 compared with the same period in 2012. Azerbaijan’s oil production was 18.1million tons in this period according... Read More

New WTO Accession Negotiations: New Hopes?

New WTO Accession Negotiations: New Hopes? The next round of bilateral consultations between World Trade Organization (WTO) and Azerbaijan started in Geneva on June 03, 2013. The negotiation round will be completed on June 07, 2013 . “They are expected to involve representatives from 10-12 countries. Full-fledged bilateral negotiations will be held with some of them and talks on specific issues with others”- Ministry of Foreign Affairs... Read More

Azerbaijan Economy in January, 2013

Azerbaijan Economy in January, 2013 CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first month of year on February, 20, 2013. Independent calculated data show that decline in oil production and oil export will continue in 2013, too. Meanwhile, the government reports also proof that decline in oil export continue in January, 2013. State Oil Company of Azerbaijan (SOCAR) has recently reported that... Read More