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.

May 18, 2020
2-3.30 PM EST
Join us on Facebook Live:

The past year marked an important milestone in the modern history of Azerbaijan: the 20-year anniversary of the State Oil Fund of Azerbaijan (SOFAZ), a sovereign wealth fund established to manage oil revenues with the objective of equitably distributing the wealth amongst past and current generations. Unfortunately, since Azerbaijan signed the Contract of the Century with BP 25 years ago, not much has improved for the people of the country.

Crude Accountability will launch its new report, The Empty Bucket of the State Oil Fund of Azerbaijan: Profits and Profiteering, co-authored with Dr. Gubad Ibadoghlu, which shines a spotlight on the economic, social, and political impacts of oil revenues in Azerbaijan and presents concrete recommendations for the future.

The event will provide a discussion about how the oil and gas money has been spent since Azerbaijan’s independence, and how this has impacted governance and development in the country. We will assess the roles of the government of Azerbaijan, international institutions, and independent civil society in promoting transparency and accountability of the sovereign wealth fund, and shape recommendations for policy improvements.

We invite you to participate and help shape this important dialogue. Join us on Facebook Live:

Gubad Ibadoghlu

Chairman of the Center for Economic Research (Azerbaijan); Visiting Professor, Rutgers University

Richard Kauzlarich

Distinguished Visiting Professor, Schar School of Policy and Government, George Mason University; former Ambassador to Azerbaijan

Marc Behrendt

Director for Europe and Eurasia programs, Freedom House

Sonia Zilberman,

Director, South Caspian Energy and Environment, Crude Accountability


Open Society Foundations representative