{
  "title": "Managing Oil Wealth: The Case of Azerbaijan",
  "publication": "IMF Special Issues, April 21, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/30/managing-oil-wealth-the-case-of-azerbaijan-16987",
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  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively.\n- Production peaks projected: 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010.\n- Expected revenues over the next 20 years will be substantial but are projected to return to 2004 levels by 2024.\n- The book addresses managing this temporary windfall to allow for economic diversification and increased living standards, drawing largely on lessons—mostly negative—from the experiences of other countries."
    },
    {
      "heading": "Projections and timeline",
      "content": "- Sharp increases in production: 2005 (oil) and 2006 (gas).\n- Peak oil production: 1.3 million barrels a day in 2009.\n- Peak gas production: 20 billion cubic meters a year in 2010.\n- Revenue trajectory: substantial over the next 20 years, returning to 2004 levels by 2024."
    },
    {
      "heading": "Policy findings and guidance",
      "content": "- Central objective: manage a temporary windfall to support economic diversification and higher living standards.\n- Guidance is based largely on lessons drawn from other countries’ experiences, which are characterized as mostly negative.\n- Policy topics signaled by subject keywords: Commodities, Environment, Expenditure, Fiscal policy, Natural resources, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes.\n\n---\n\n\nSource: https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/30/managing-oil-wealth-the-case-of-azerbaijan-16987"
    }
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    "Authors: Niko A Hobdari, Chonira E Aturupane, Eric Le Borgne, Koba Gvenetadze, John Wakeman-Linn, Stephan Danninger",
    "Published: April 21, 2004",
    "Series: IMF Special Issues",
    "DOI: https://doi.org/10.5089/9781589063082.058",
    "Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively.",
    "Production peaks projected: 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010.",
    "Expected revenues over the next 20 years will be substantial but are projected to return to 2004 levels by 2024.",
    "The book addresses managing this temporary windfall to allow for economic diversification and increased living standards, drawing largely on lessons—mostly negative—from the experiences of other countries.",
    "Sharp increases in production: 2005 (oil) and 2006 (gas).",
    "Peak oil production: 1.3 million barrels a day in 2009.",
    "Peak gas production: 20 billion cubic meters a year in 2010.",
    "Revenue trajectory: substantial over the next 20 years, returning to 2004 levels by 2024.",
    "Central objective: manage a temporary windfall to support economic diversification and higher living standards.",
    "Guidance is based largely on lessons drawn from other countries’ experiences, which are characterized as mostly negative.",
    "Policy topics signaled by subject keywords: Commodities, Environment, Expenditure, Fiscal policy, Natural resources, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes."
  ],
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