Azerbaijan Republic: Selected Issues
January 21, 2005
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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.
Subject: Energy prices, Import prices, National accounts, Oil prices, Personal income, Price adjustments, Prices
Keywords: Azerbaijan, Baltics, convergence, country, CR, energy price, Energy prices, energy product price, Europe, Import prices, income, income convergence, ISCR, Oil prices, per capita income, Personal income, price, Price adjustments, price fluctuation, private sector, reference price, State budget
Pages:
33
Volume:
2005
DOI:
Issue:
017
Series:
Country Report No. 2005/017
Stock No:
1AZEEA2005001
ISBN:
9781451802665
ISSN:
1934-7685
