Oxford Economic Country Briefings, January 8th, 2007
Highlights and Key Issues
* Gas output is set to rise sharply with the launch of commercial production from the Shakh-Deniz field, but early technical problems highlight uncertainty over recoverability of reserves, and there are commercial as well as political risks to undercutting Russian prices in talks with potential buyers.
* Sharply lower gas imports in 2007 will widen the external surpluses, making it another year of rapid export- and investment-led growth. And while surplus energy revenues are being channelled into reserve funds, they also give security for more external borrowing fro...
HighBeam Research, Free Preview: 'Azerbaijan'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.