Managing Oil Wealth: The Case of Azerbaijan
Business & Finance, Economics, International Economics, Macroeconomics
| Author: | Niko Mr. Hobdari, Eric Mr. Le Borgne, Chonira Aturupane, Koba Mr. Gvenetadze, John Mr. Wakeman-Linn, Stephan Mr. Danninger | ISBN: | 9781452795751 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | April 21, 2004 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Niko Mr. Hobdari, Eric Mr. Le Borgne, Chonira Aturupane, Koba Mr. Gvenetadze, John Mr. Wakeman-Linn, Stephan Mr. Danninger |
| ISBN: | 9781452795751 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | April 21, 2004 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
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.
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.
