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Azerbaijan Republic: Selected Issues

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  • International Monetary Fund

Abstract

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.

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  • International Monetary Fund, 2005. "Azerbaijan Republic: Selected Issues," IMF Staff Country Reports 2005/017, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/017
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