Crude Accountability’s new report, Flames of Toxicity: Environmental and Social Impacts of Azerbaijan’s Oil and Gas Development, documents the toxic effects of Azerbaijan’s oil and …
Sofaz
Virtual Roundtable and Report Launch: Azerbaijan’s Oil Profits, Corruption, and Poverty
Crude Accountability cordially invites everyone to join our virtual roundtable and report launch to discuss economic, social, and political impacts of oil revenues in Azerbaijan. …
Global Oil Crisis Will Have a Dramatic Effect on Azerbaijan’s Budget
The sharp drop in world oil prices in March and April 2020 have prompted discussions on the state of the Azerbaijani economy. About the Author: …
What and Where Azerbaijan Spends on Defense
A hike in oil revenues in 2010-2015 in Azerbaijan coincided with a rapid increase in the country’s spending on its defense sector. However, with no …
Azerbaijan spends unprecedented resources on lobbying
More than $150 billion in oil and gas revenues over the past 10 years created unprecedented opportunities for Azerbaijan to invest into lobbying to hush critical …
Azerbaijan’s 2020 budget remains vulnerable to external jolts
The 2020 draft budget of Azerbaijan shows that while it is possible to increase earnings through the non-oil sector, the government continues to pump oil …
Corrupt and Flashy Events Disguised as Modernization in Azerbaijan
Azerbaijan hosts a number of over-the-top sporting and entertainment events under the disguise of modernization. Instead, the events lead to spiraling corruption and whitewashing the …
SOFAZ consistently loses in the real estate market
The State Oil Fund of Azerbaijan (SOFAZ) invests in luxury real estate abroad, but does not profit from these highly lucrative investments. In this article, …
What does the SOFAZ 2018 statement reveal and how does it compare to other sovereign funds
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) regularly publishes quarterly and annual statements on revenues, expenditures, and assets. The statements are available …
Azerbaijan: a rentier state
About the Author: Gubad Ibadoghlu, Senior Policy Analyst for social and economic studies at Azerbaijan’s Economic Research Center, a Baku-based NGO that promotes economic development and …