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
World Top Mass-Media Institutions Cite CESD Reports
World Top Mass-Media Institutions Cite CESD Reports Some leading world newspapers have recently distributed article on Azerbaijan economy which titled as “Loose fiscal policy could threaten Azeri economy” where roughly cited CESD reports. The article addresses CESD reports and macro-economic calculations as the main alternative and independent source in the country. Azerbaijan economy was discussed in the report based on both State Statistic... 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
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
Decline in SOCAR oil production in 2012
Decline in SOCAR oil production in 2012 The State Oil Company of Azerbaijan produced 8,241, million tons of oil in 2012. The statement came from sources in SOCAR. Production made 706,638 tons in January, 660,942 tons in February, 660,900 tons in March, 684,300 tons in April, 700,900 tons in May, 678,500 tons in June, 700,900 tons in July, 701,800 tons , 680,100 tons in September, 705,113 tons in October, 683,200 tons in November, 679,200 tons in... Read More
The National Interest Cites CESD Reports
The National Interest Cites CESD Reports The National Interest, a leading American international affairs magazine, cited CESD’s report, “Peak Oil: The End of the Oil Age in Azerbaijan,” in its January 18, 2012 article entitled “Tough Year Looms for Azerbaijan”: “The Center for Economic & Social Development, a think tank in Azerbaijan focused on the country’s sustainable economic development, stated in a November 2011 report that... Read More
Oil output declined by 2,8 million tons
Oil output declined by 2,8 million tons Azerbaijan produced 39,4 million tons in the first ten months of 2012. Compared to the same period last year, oil production declined by 2,8 million tons, according to CESD calculations Oil output was 3,4 million tons in November, 2012. According to official forecast, 45,0 million tons oil will be produced in 2012. Azerbaijan’s oil production was 45,4 million tons in 2011 which was 5,434 million... Read More
SOCAR Oil Output Dropped by 2 %
SOCAR Oil Output Dropped by 2 % The State Oil Company of Azerbaijan produced 6,9 million tons of oil in January-October, 2012. The statement came from CESD sources at SOCAR. Oil output was 706,6 tons in January, 660,9 tons in February, 660,9 tons in March, 684,3 tons in April, 700,9 tons in May, 678,5 tons in June, 700,9 tons in July, 701,8 tons in August, 680,1 tons in September, 705,1 tons in October. SOCAR oil output has dropped by 2% over the... Read More
BP prepares plan for oil production from ACG for 2013
BP prepares plan for oil production from ACG for 2013 In continuation of discussions with the State Oil Company of Azerbaijan, BP completed the detailed review of productiveness of the ACG block of fields in Caspian Azeri sector. The statement is contained in the press release of the BP company. “The aim of the review is the analysis of the plan of production supply for 2013 and revealing the ability to react to technical problems”, the message... Read More
Economists speak about “BP issue”
Economists speak about “BP issue” After the President of the Republic of Azerbaijan criticized BP, some stakeholders have called for suing the company. For example, the Member of Parliament Vahid Ahmadov said that as a result of BP’s failure to perform adequately Azerbaijan lost $8.1 billon of dollars. Thus, the government had to react on time.” The MP also noted that this violation had to be prevented: “$ 8.1 billion should be turned to... Read More
