State Oil Fund of Azerbaijan Republic

The global economic crisis, plummeting oil prices - many experts are wondering how the Azerbaijani economy is managing to withstand the impact of these reverses and remain stable against the backdrop of complete ruin in neighbouring countries. Particularly amazing is the state budget - how can it be managed with oil prices so low on international stock exchanges? Will Azerbaijan have to spend all of its oil savings? All doubts are dispelled by Sahmar Movsumov, executive director of the State Oil Fund, in an interview with Region Plus.

State Oil Fund of Azerbaijan: Azerbaijan goes the other way

Unlike most sovereign wealth funds, the State Oil Fund of Azerbaijan is still growing strongly and looking for more foreign risk. Will the country's experience of the global downturn rob the international capital markets of a new hope? Dominic O'Neill reports from Baku.

Azerbaijan Shares Its Successful Experience in Providing Clarity in Extractive Industry with UN Member-Countries

A briefing dedicated to provide clarity in the extractive industry was held in the UN office in New York on 5 December through the initiative of the Azerbaijani permanent representative. During the briefing the Azerbaijani delegation shared with the UN member-countries the country's experience in the use of oil and gas income for the public.

EBRD Conference Appreciates Azerbaijan's Achievements in EITI Application

Great Britain, London / Тrend corr G. Ahmadova/ The application of Extractive Industry Transparency Initiative (EITI) positively affects Azerbaijan's credit rating, it was noted at the headquarters of the European Bank for Reconstruction and Development (EBRD) during the international conference on ‘The Role of Transparency and Governance in Sovereign and Quasi-Sovereign Credit Quality' on 8 October.

Azeris look to invest oil profit in Germany

Azerbaijan plans to use its soaring oil revenues to buy stakes in German and other European companies, the country's president said.

10TH ANNUAL CONFERENCE ‘EAST MEETS WEST: NEW FRONTIERS OF ENERGY SECURITY' IN ISTANBUL

The 10th annual conference on the topic ‘East Meets West: New Frontiers of Energy Security' took place June 26 at Ceylan InterContinental Hotel in Istanbul.

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