Azerbaijani oil export declined by 7 %

Azerbaijani oil export declined by 7 % Azerbaijani oil export decreased by 6.86% in June 2016 compared with previous month. According to the State Oil Company of Azerbaijan Republic (SOCAR) reports total export was 1.676 million tons of oil in June against 1.799 million tons in May. Meanwhile, Azerbaijani oil export was 1.449 million tons in April, and 1.9 million tons in March 2016. At that, June’s oil export via Baku-Novorossiysk oil pipeline... Read More

Azerbaijani Oil Fund’s reserves have declined by 5.9 %

Azerbaijani Oil Fund’s reserves have declined by 5.9 % The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) have dropped by 5.86% compared to the beginning of 2015 from $ 37,104 billion US. to $ 34, 930 billion US. Budget revenues of the SOFAZ reached 2,028 billion manat ($ 1, 932 billion US with new rate) , while budget expenditures constituted 2,336 billion manat ($ 2,225 billion US with new rate) in the first quarter of 2015.... Read More

SOFAZ’s extra budgetary expenses reached to $ 1.24 billion US

SOFAZ’s extra budgetary expenses reached to $ 1.24 billion US Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2014 reached 10.13 billion manats ($12.99 billion US), while budget expenditures constituted 8.04 billion manats ($ 10.30 billion US). Revenue of 9.97 billion manats ($ 12.78 billion US) was received from the implementation of oil and gas agreements, including 9.95 billion... Read More

80.0 % of SOFAZ’s total revenue was spent in the half of 2014

80.0 % of SOFAZ’s total revenue was spent in the half of 2014 Total revenue of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was 6.493 billion manat ($ 8.324 billion US) in the half of 2014. SOFAZ’s total spending was 5.163 billion manat ($ 6.619 billion US) in the reporting period. According to the official figures 79.5 % of the SOFAZ revenues was already spent in the first six months of 2014. Revenue of 6.374.8 mln. manat was received... Read More

Competitiveness in Azerbaijan: Assessing Sectorial Economic Policies

Competitiveness in Azerbaijan: Assessing Sectorial Economic Policies CESD- Center for Economic and Social Development, Azerbaijan has developed new research paper titled as “Competitiveness in Azerbaijan: Assessing Sectorial Economic Policies”. This publication was developed and printed with the support of Friedrich-Ebert-Stiftung. This research paper assesses economic diversification and cross-sector competitiveness in Azerbaijan by employing... Read More

Azerbaijan State Budget’s SOFAZ Dependency

Azerbaijan State Budget’s SOFAZ Dependency $ 45 billion oil money spent through state budget channels last couple years   Since the launch of the State Oil Fund of Azerbaijan (SOFAZ), the fund’s expenditures amounted to AZN 38.789 billion ($ 49,730 billion).  Transfers to the state budget reached to AZN 35.085 billion ($ 44,980  billion) within the last couple years. Meanwhile, the fund issued AZN 297.9m for project of construction... Read More

$ 1 billion oil money for each month

$ 1 billion oil money for each month CESD: “SOFAZ is not adequately meeting its central objectives” Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2012 reached 10,1 billion mantas ($ 12, 9 billion US) , while budget expenditures constituted 7,5 billion Mantas  ($ 9,7 billion US.) Since $ 9,7 billion US spent in the last 9 months of 2012, it means that more than $ 1 billion US... Read More

CESD Invitation to “Chasing the Story: What the Government Should Tell You” Panel

CESD Invitation to “Chasing the Story: What the Government Should Tell You” Panel Oil, Gas and Media Conference organized by International Press Institute will be taken place from September 17th to 19th, 2012 in Baku, Azerbaijan .The international summit offers a unique public forum for the discussion of important global media and energy issues. As a focal point for topics which resonate today in Azerbaijan as well as around the world, the conference... Read More

Oil keeps dominant position in Azeri export as 92% of total export

Oil keeps dominant position in Azeri export as 92% of total export Oil and oil products made 92,0 % of Azerbaijan’s export by results of January-April, 2012.According to sources in the State Customs Committee, in the reporting period, crude oil made 86,29 % of Azerbaijan’s export and oil products made 5,0 %. According to the State Committee reports, oil and oil products made 92,0 % of Azerbaijan’s export in 2011, too. “Only 8 % of export is... Read More

“Effective Ways to Tackle Corruption: What Makes a Difference?”

“Effective Ways to Tackle Corruption: What Makes a Difference?” “Effective Ways to Tackle Corruption: What Makes a Difference?” workshop held by Partnership for Transparency on May 21st-24th, in Berlin, Germany. The workshop focuses on effective ways on fighting with corruption in Central and Eastern Europe. The theme of the workshop will be on cross-border lessons learned in the field of procurement and education. Vugar Bayramov, chairman... Read More