Azerbaijan Republic; Selected Issues

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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Year of publication:	2005-01-21
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Economic conditions \| Selected issues \| world market \| oil prices \| natural gas \| oil products \| world market prices \| domestic prices \| oil-producing countries \| wholesale price \| gas prices \| oil product prices \| spot price \| crude oil prices \| domestic market \| refinery price \| carbon dioxide \| oil consumption \| oil production \| natural gas prices \| carbon dioxide emissions \| price fluctuations \| spot crude oil prices \| member country \| transition countries \| price of fuel oil \| percent of production \| gas deliveries \| domestic companies \| domestic consumption \| petroleum products \| fuel oil \| crude oil \| oil and gas \| million barrels \| petrochemical industry \| refined oil products \| import price \| petroleum resources \| adjustment period \| oil ? producing \| domestic price \| million barrels per day \| ex-refinery price \| spot crude oil \| fossil fuel combustion \| tax credit \| fossil fuel \| gas sectors \| gas imports \| oil reserves \| petroleum pricing \| oil field \| gas utilities \| domestic demand \| international oil companies \| gas importer \| elasticity of substitution \| import costs \| refined products \| oil production capacity \| economic theory \| oil ? producing countries \| gas reserves \| gas sector \| oil companies \| petroleum products prices \| cost of gas \| regulatory framework \| oil price fluctuations \| gasoline consumption \| power generation \| price of gas \| unit of purchasing power \| indirect taxes \| gas company \| gas field \| natural resources \| gas resources \| national gas \| oil company

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/17 3 pages long
Source:	RePEc - Research Papers in Economics

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