Managing Oil Wealth: The Case of Azerbaijan

Business & Finance, Economics, International Economics, Macroeconomics
Cover of the book Managing Oil Wealth: The Case of Azerbaijan by Niko Mr. Hobdari, Eric Mr. Le Borgne, Chonira Aturupane, Koba Mr. Gvenetadze, John Mr. Wakeman-Linn, Stephan Mr. Danninger, INTERNATIONAL MONETARY FUND
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Author: Niko Mr. Hobdari, Eric Mr. Le Borgne, Chonira Aturupane, Koba Mr. Gvenetadze, John Mr. Wakeman-Linn, Stephan Mr. Danninger ISBN: 9781452795751
Publisher: INTERNATIONAL MONETARY FUND Publication: April 21, 2004
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Niko Mr. Hobdari, Eric Mr. Le Borgne, Chonira Aturupane, Koba Mr. Gvenetadze, John Mr. Wakeman-Linn, Stephan Mr. Danninger
ISBN: 9781452795751
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 21, 2004
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expected revenues over the next 20 years will be substantial, they are projected to return to 2004 levels by 2024. Managing this temporary windfall in a way that allows for economic diversification and increased living standards is the subject of this book, which provides extensive guidance based largely on lessons drawn from the experiences--mostly negative--of other countries.
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Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expected revenues over the next 20 years will be substantial, they are projected to return to 2004 levels by 2024. Managing this temporary windfall in a way that allows for economic diversification and increased living standards is the subject of this book, which provides extensive guidance based largely on lessons drawn from the experiences--mostly negative--of other countries.

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