Monday, January 9, 2012
Oil and gas development and export is central to Azerbaijan’s economic growth and the country is one of Caspian region’s most important strategic export openings to the West. The conflicting claims over the maritime and seabed boundaries of the Caspian Sea between Azerbaijan and Iran cause continued uncertainty. However, Azerbaijan’s importance continues to grow, particularly as it becomes an increasingly important supplier of natural gas to Europe.
For more information on Azerbaijan’s oil and gas sector, visit http://www.eia.gov/countries/cab.cfm?fips=AJ.
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