Azerbaijan
| This article is a stub. You can help by expanding it. |
The Republic of Azerbaijan gained independence from the former Soviet Union in 1991. By 2005, Azerbaijan's hydrocarbons had "attracted approximately $7.3 billion in foreign investment over the past five years and $23 billion total to date. This influx of investment and petrodollars into Azerbaijan’s relatively small market has the economy working on overdrive and offering U.S. export opportunities to satisfy the country’s growing purchasing power. GDP growth in Azerbaijan averaged over 10% per year for 2001 – 04, and reached an unprecedented 26.4% increase in 2005."[1]
Contents
Pipeline
"The Baku-Tbilisi-Ceyhan pipeline (BTC): transports crude oil 1,760 km (1,093 miles) from the Azeri-Chirag-Guneshli oil field in the Caspian Sea to the Mediterranean Sea. It passes through Baku, the capital of Azerbaijan; Tbilisi, the capital of Georgia; and Ceyhan, a port on the southeastern Mediterranean coast of Turkey."[1]
Resources
Related SourceWatch articles
References
- ↑ Jump up to: 1.0 1.1 Azerbaijan, Export.gov.
External articles
- David Case, "The Crude Doctrine," MotherJones, July/August 2004.
