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    Thread: Energy in Azerbaijan

    1. #586
      Armenian Enthusiast Shant03's Avatar
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      Re: Energy in Azerbaijan

      Vrej, I read through that entire article on Razm, some of it went over my head to be honest but from what I understand it is essentially detailing the lack of oil reserves. Anything else significant that I missed?

      It mentions something about oil being in Artsakh but i didn't fully understand that part either.

    2. #587
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      Re: Energy in Azerbaijan

      Quote Originally Posted by Shant03 View Post
      Vrej, I read through that entire article on Razm, some of it went over my head to be honest but from what I understand it is essentially detailing the lack of oil reserves. Anything else significant that I missed?

      It mentions something about oil being in Artsakh but i didn't fully understand that part either.
      - The most interesting part is the estimation of the real cost of extracted oil. I have never seen such this estimations yet. Till now I was given cost of extractions higher than what we have here, and frankly speaking I am surprised manpower (positive effect of devaluation of the manat) was such a leverage.

      - No talk of oil in Artsakh. It's just that they happen to name the would be oil fields off shore by imaginary names> So they can name one karapakh, the other Nakhitchevan, they may also name Yerevan...

      - Ineteresting too the sharing of revenues between BP/state..

    3. #588
      Registered User Azad's Avatar
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      Re: Energy in Azerbaijan

      " Moody's says Kazakhstan more resilient than Azerbaijan in adjustment to lower oil prices

      - Azerbaijan is more vulnerable to low oil price, given that its economy is more than three and a half times smaller and half as wealthy

      - Geopolitics are more of a risk in Azerbaijan due to its ongoing conflict with Armenia over the disputed territory of Nagorno-Karabakh

      https://www.moodys.com/research/Mood...wer--PR_363785

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