Managing Oil Wealth: The Case of Azerbaijan

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Author/Editor:		Danninger, Stephan \| Le Borgne, Eric \| Wakeman-Linn, John \| Hobdari, Niko \| Aturupane, Chonira \| Gvenetadze, Koba
Electronic Access:		Link to Abstract
Summary: 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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Subject(s):		Oil revenues \| Azerbaijan

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