IMF Staff Country Reports

Azerbaijan Republic: Selected Issues

Publication Date:

January 21, 2005

Electronic Access:

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Summary:

This Selected Issues paper on Azerbaijan Republic reports that the government has made substantial progress in dealing with energy-related subsidies. The domestic market for oil products has been tightly regulated by the government since Azerbaijan gained independence. Azerbaijan is largely self-sufficient in oil products because of its substantial endowment of exhaustible mineral deposits and existing refining capacity. Although Azerbaijan is self-sufficient in oil products, it needs to import about 3 billion cubic meters (bcm) of natural gas annually to meet its domestic consumption demand of 7 bcm.

Series:

Country Report No. 2005/017

Subject:

Energy prices Import prices National accounts Oil prices Personal income Price adjustments Prices