Azeri Oil Output Declined in the first five months of 2014

Azeri Oil Output Declined in the first five months of 2014 Azerbaijan produced 17.7 million tonnes of oil and gas condensates in the first five months of 2014, versus 18.12 million tonnes in the same period of 2013, the Azerbaijan State Statistical Committee reported on June 12, 2014. The output declined by 2.3 % in the indicated period of 2014 compared to the same passé in previous year. The most part of the produced oil fell to the Azeri-Chirag-Guneshli... Read More

Azerbaijan Economic Forecast 2014: Tottering Growth

Azerbaijan Economic Forecast 2014: Tottering Growth The IMF’s more upbeat prognosis of 2014 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. The International Monetary Fund (IMF) forecasts Azerbaijan’s GDP to grow by 5 percent in 2014 and by 4.6 percent in 2015. This was noted in IMF’s World Economic Outlook report on the prospects for development... Read More