Macroeconomy
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30 years ago, on September 20, 1994, Azerbaijan signed a Production Sharing Agreement (PSA) with foreign companies for the development of the “Azeri-Chirag-Guneshli” (ACG) oil fields located in the Ca...
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The State Statistical Committee (SSC) and the State Customs Committee (SCC) have released data on Azerbaijan's economic performance for the January-August period, reaffirming that despite efforts towa...
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Hosting COP29 necessitates Azerbaijan to take several steps in the energy sector, environmental protection, and climate finance. Therefore, the Azerbaijani government should establish a National Agend...
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For the Azerbaijani government, exporting not only gas to Europe but also "green energy" has become a priority. As a result, Azerbaijan has started to pay special attention to energy production from a...
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In conclusion, Azerbaijan is approaching the peak of its natural gas production.
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Several key projects have been implemented to create the infrastructure for exporting Azerbaijani gas to the EU market. In early 2007, the Baku-Tbilisi-Erzurum gas pipeline (with an annual capacity of...
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Azerbaijan's Shah Deniz and ACG fields, the pillars of the country's remaining hydrocarbon resources, are currently operating at a steady pace.
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This article provides a comprehensive analysis of Azerbaijan's energy cooperation with Europe. It covers the supply of fossil fuels (oil and gas) and green energy, examining both retrospective and pro...
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Although the decrease in oil production in Azerbaijan since 2012 is often attributed to natural processes, it is not the only factor reducing the country's resource revenues. One of the factors contri...
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The year 2024 presents significant challenges for Azerbaijan's oil and gas industry, indispensable in generating income and attracting investments for the independent Azerbaijani economy. The reductio...
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The internationally reputable rating agency Fitch Ratings upgraded Azerbaijan's long-term foreign currency issuer default rating (IDR) from "BB+" to "BBB-" — an investment-grade rating (!) with a stab...
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The Azerbaijani government, through its budget formation and statistical accounting structures, reported that it concluded the first half of the economic year on a "positive note."
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International rating agency Moody's has affirmed the issuer ratings and senior unsecured ratings of the government of Azerbaijan in foreign currency at Ba1 and has revised the outlook from stable to p...
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The challenges faced by Azerbaijan as the host before COP29 show that preparations for this event, especially the organization of logistical issues, the harmonization of the legislative and regulator...
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Fifth difficulty: The level of logistical and accommodation preparation is not sufficient to meet the needs for COP29.
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Third challenge: Adapting the legislative and regulatory framework to COP29 requirements.