No. 16: The Political Economy of Oil in Azerbaijan

Author(s): Murad Ismayilov, Heidi Kjærnet, Kenan Aslanli
Editor(s): Iris Kempe, Matthias Neumann, Robert Orttung, Jeronim Perovic, Lili Di Puppo
Series: Caucasus Analytical Digest (CAD)
Issue: 16
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Jefferson Institute, Washington D.C.; Heinrich Böll Foundation, Tbilisi; Research Centre for East European Studies, University of Bremen
Publication Year: 2010

This issue of the Caucasus Analytical Digest examines the political economy of oil in Azerbaijan. Firstly, Murad Ismayilov discusses why Azerbaijan since independence has become increasingly disappointed in the West's ability and desire to support its interests. It is argued that as a result of this Azerbaijan has begun to diversify its ties, including those to Russia and Iran. Secondly, Heidi Kjarnet analyzes the national oil company's (SOCAR) role in the country's petroleum sector and as an actor in policy formation. Finally, Kenan Aslanli examines the dependence of the Azeri economy on oil and gas.

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