Azerbaijani oil output: In permanent decline?

Azerbaijani oil output: In permanent decline? The State Statistics Committee of Azerbaijan has reported that the country produced 12.6 million tons of oil in the first four months of 2017 that was by 9.5% less compared with the period of 2016. Oil stocks as of 1 May 2017 reached 414,700 tons against 629,300 tons by 1 April and 410,200 tons by 1 January 2017. In 2016 the country produced 41.03 million tons of oil that was less than production for 2015... Read More

Oil Currency Breaks Ranks as Azeris Can’t Quench Dollar Cravings

Oil Currency Breaks Ranks as Azeris Can’t Quench Dollar Cravings As higher energy prices buoy currencies of commodity producers, one is swimming against the tide. Even after losing more than half its value against the dollar in two devaluations last year, Azerbaijan’s manat is struggling to find a bottom. In fact, it just had its worst month since the height of the crisis in oil markets in January. The currency market of the third-biggest oil... Read More

Azerbaijan and Iran after the Sanctions: The Pathways of Advanced Engagement and Confrontation

Azerbaijan and Iran after the Sanctions: The Pathways of Advanced Engagement and Confrontation by Ahmad Alili, Researcher, Center for Economic and Social Development (Azerbaijan) The nuclear deal reached by the E3/EU+3 and Iran has a great historic significance for the world; especially for the regions bordering with Iran. In this regard, Azerbaijan, also bordering with Iran, is awaiting crucial political and economic reorganisation at its southern... Read More

Sharp Decline in Azerbaijani Oil Income in January 2015

Sharp Decline in Azerbaijani Oil Income in January 2015 Azerbaijan exported 1 million 697 thousand 768 tones crude oil through Baku-Tbilisi-Ceyhan (BTC) pipeline in January, 2015: according to the CESD report based on State Oil Company of Azerbaijan Republic’s (SOCAR) official figures. Meanwhile, the country exported 169, 507 thousand tones crude oil through Baku Novorosiysk and 254, 107 thousand tones via Baku Supsa pipelines in the indicated... Read More

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 Oil Fund Lost $ 2.3 million US in light of the Ukraine Crisis

Azerbaijan Oil Fund Lost $ 2.3 million US in light of the Ukraine Crisis The State Oil Fund of Azerbaijan (SOFAZ) suffered investment losses due to the events that took place in Ukraine. According to SOFAZ, budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the period of January-March, 2014 reached 3.005 billion manat ($ 3.85 billion US), while budget expenditures constituted 2.443 billion manat ($ 3.13 billion US) meaning that the budget... Read More

BTC pipeline oil export declined by 3,3 %

BTC pipeline oil export declined by 3,3 % 15, 18 million tons oil was exported through the Baku-Tbilisi-Ceyhan pipeline in the first half of 2013 according to the State Oil Company of Azerbaijan Republic. Export declined by 502 thousand tons compared in the indicated period with the same period in 2012. In January, the pipeline exported 2.577 million tons, in February – 2,327 million tons, in March – 2.438 million tons, in April –... Read More

Call for Participation at the CESD Guest Professor Seminar

Call for Participation at the CESD Guest Professor Seminar CESD is pleased to invite all interested scholars to participate at next Guest Professor Seminar on May 29, 2013 in Baku, Azerbaijan. Jose Cordeiro, a director of Venezuela Node, The Millennium Project and Energy Advisor/Faculty, Singularity University, NASA Ames, California, USA will present his “The Post-Petroleum World Future Energy Trends and Life After Oil” paper. Mr. Cordeiro studied... Read More

SOFAZ Speaks in Russian

SOFAZ Speaks in Russian CESD:  Purchasing of “VTB Bank” s shares is a political message State Oil Fund of Azerbaijan bought additional share emission of VTB Bank, Russia. The volume of the issue is RR 102.5 billion (quantity – 2.5 trillions, face value – RR 0.041). The emission has already been registered by Russian Bank. CESD argues that purchasing of “VTB Bank” s shares should be considered as a political decision, “it... Read More

Oil Output Dropped by 4,0 % in Azerbaijan

Oil Output Dropped by 4,0 % in Azerbaijan   CESD forecasts decline in oil sector by 5,0 % in 2013 based on its econometric models and PSA matrix Azerbaijan produced 7,2 million tons of oil in January-February , 2013- The State Statistical Committee of Azerbaijan reported.  3,8 million tons were produced in January and 3,4 million tons in February. Oil production has dropped by 300,0 thousand tons or by 4,0 % over the same period of 2012. Meanwhile,... Read More

Next Page »