Azerbaijani Oil Export in 2014: Brief Overview

Azerbaijani Oil Export in 2014: Brief Overview 2014 was marked by a sudden decline in oil prices in the world market. As an oil exporter country, Azerbaijan started feeling effects of a sharp fall in oil revenue after oil price decline in the world market owing to decline of the country’s oil income. In spite of the fact that Azerbaijan was able to reduce share of oil industry both in public revenues and in the country’s Gross Domestic Product... Read More

BP’s Azeri Oil Output Declined

BP’s Azeri Oil Output Declined Output from Azerbaijan’s Azeri-Chirag-Guneshli (ACG) oilfields declined to an average 656,000 barrels per day (bpd) in the first half of 2014 from 672,000 bpd in the same period last year, BP-Azerbaijan said in a statement. BP said earlier this year that oil production at the ACG fields might be slightly lower than in 2013 as the company planned maintenance work at the Central Azeri and West Azeri platforms,... Read More

Azerbaijan Economy in January, 2014; Brief Overview

Azerbaijan Economy in January, 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first month of year on February 20, 2014. Independent calculated data show that decline in oil production and oil export will continue in 2014, too. Meanwhile, the government reports also proof that decline in oil export continue in January, 2013. State Oil Company of Azerbaijan (SOCAR) has recently... Read More

Azerbaijan Economy in The First 7 Months of 2013; Brief Overview

Azerbaijan Economy in The First 7 Months of 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first 7 months of the year on August, 16, 2013. According to CESD survey, GDP Growth was 3, 8 % in the first seven months of 2013 meanwhile, the center’s price calculation results reached 3,17 % inflation rate in the same period. State Statistics Committee of Azerbaijan, however, reported... Read More

Azerbaijan Economy in The First Half of 2013; Brief Overview

Azerbaijan Economy in The First Half of 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first half of year on July, 22, 2013. According to State Statistics Committee of Azerbaijan, oil production is in stabilization phase in Azerbaijan, now since the committee reported only 0,7 % decline in oil GDP. CESD calculations, however, show that oil GDP declined by 2,1 % in the indicated... Read More

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

Azerbaijan Economy in The First Four 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 May, 17, 2013. Independent calculated data show that decline in oil production and oil export was continued in the first four months of 2013. Meanwhile, the government reports also proof that decline in oil export continue in the same period of 2013. State... Read More

Declining Production hits BDJF

Declining Production hits BDJF DG World View cites CESD Reports on its April 2013 edition DG World View cites CESD Reports on its April 2013 edition.The World View described the oil industry in Azerbaijan based on CESD calculations in its news titled as “Declining Production hits BDJF”. Full report is available at; WorldView_April_11_2013  Read More

CESD: IMF’s Forecasts are Unrealistic

CESD: IMF’s Forecasts are Unrealistic The IMF’s more upbeat prognosis of 2012 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. International Monetary Fund (IMF) has increased much the forecast of economic growth rate on Azerbaijan stated in its specified World Economic Outlook (WEO), published on October, 09, 2012. The IMF expects that this year Azerbaijan’s... Read More

Oil Output fell by 7,0 % in Azerbaijan

Oil Output fell by 7,0 % in Azerbaijan Azerbaijan Produced 14,8 million ton oil and 6,0 billion cubic meters gas in the first four months of 2012. According to the State Statistical Committee 15,9 million ton and 8,4 billion cubic meters gas produce in the same period of 2011. Oil output decreased 7,0 % in the first month of 2012, meanwhile the production in mining sphere of industry in January-April decreased by 5.3% compared to the same period of... Read More

CESD Oil Strategy Receives Official Support

CESD Oil Strategy Receives Official Support Government of Azerbaijan started balancing oil outputs over years Azerbaijan must keep oil output at the current level, Minister of Industry and Energy Natig Aliyev said at the CEIBS meeting. To him, Azerbaijan should not increase oil production in the upcoming period: “The country has reached the goal on development of oil industry, which was set in 1994. Increase of output may have some sedition.... Read More

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