oil_fund

SOFAZ lost $ 1.3 billion US due to revaluation of foreign exchange

SOFAZ lost $ 1.3 billion US due to revaluation of foreign exchange State Oil Fund of the Republic of Azerbaijan’s (SOFAZ) revenue was 4 054. 0 million. manats ($ 3860.9 million US), while budget expenditures constituted 4 042.1 million manats ($ 3849.6 million US) in the first half of 2015. Revenue of 3 812.1 mln. […]

About CESD

The Center for Economic and Social Development is a leading independent economic think tank in Azerbaijan. It's mission is to promote research and analysis of socio-economic issues in order to positively influence the public policy decision-making process.

News

trans-adriatic-pipeline

Why Statoil leaves the TAP?

Why Statoil leaves the TAP? Statoil is to sell its 20-percent stake in the Trans Adriatic Gas Pipeline (TAP) project that will carry gas from Azerbaijan to Europe, the president of Azeri state energy firm SOCAR said. According to the SOCAR, Statoil has decided to leave the TAP project completely, and there is a company […]

oil_last

Azerbaijani Oil Income in June 2015

Azerbaijani Oil Income in June 2015 State Oil Company of Azerbaijan Republic (SOCAR) exported 1 million 959 thousand 619 toness oil in June 2015. Out of this volume, 339 thousand 20 tons of crude oil was exported through the Supsa Port and 1 million 925 thousand 699 tons of crude oil via the Ceyhan Port […]

EU

Reassessing the European Neighbourhood Policy in Azerbaijan

Reassessing the European Neighbourhood Policy in Azerbaijan Soon after independence, Azerbaijan demonstrated its interest in cooperating not only with the EU but also with Russia in order to develop the country. Azerbaijani-EU relations can be divided into three main periods: (1) from 1992 to 2006 Azerbaijan was eager to cooperate more closely with the EU; […]

Oil Well Pumps

Azerbaijani Oil Income in May 2015

Azerbaijani Oil Income in May 2015 Azerbaijan exported 1.692 million tonnes crude oil in May 2015. Crude oil export decreased by around 1.0 % in May 2015 compare with previous month. Meanwhile, the country exported 169 thousand 559 tons of crude oil from the Novorossiysk Port, 169 thousand 425 tons of crude oil from the […]