Development trends in the Azerbaijan oil and gas sector: Achievements and challenges

Aitor Ciarreta, Shahriyar Nasirov

Research output: Contribution to journalArticlepeer-review

19 Scopus citations

Abstract

This article is study of Azerbaijan oil and gas industry. It illustrates the business climate, the impact of this sector on Azerbaijan's economy including role of SOFAZ and highlights recent developments in the energy production and the main concepts of Azeri PSAs (2009). Meanwhile, the article establishes the government policy by indentifying several factors that influenced to attract foreign investment to oil and gas sector and examines significant challenges that still remain for further development of the country's oil industry.

Original languageEnglish
Pages (from-to)282-292
Number of pages11
JournalEnergy Policy
Volume40
Issue number1
DOIs
StatePublished - Jan 2012
Externally publishedYes

Keywords

  • Oil and gas industry
  • PSA
  • Regulation

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