Managing Oil Wealth
The Case of Azerbaijan

Abstract

Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expected revenues over the next 20 years will be substantial, they are projected to return to 2004 levels by 2024. Managing this temporary windfall in a way that allows for economic diversification and increased living standards is the subject of this book, which provides extensive guidance based largely on lessons drawn from the experiences--mostly negative--of other countries.

Author:
Mr. Niko A Hobdari
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Ms. Chonira E Aturupane
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Mr. Eric Le Borgne https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Koba Gvenetadze
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Mr. John Wakeman-Linn
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Mr. Stephan Danninger
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