• Natural Resources for Sustainable Development in Eurasia.

Publications

State-Owned Oil Enterprise Case Studies: KazMunayGaz

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: In collaboration with NRGI, Eurasia Hub has recently implemented a research project on SOE transparency, accountability and governance focusing on 4 country cases: SOCAR in Azerbaijan, Kazmunaygaz in Kazakhstan, Gazprom in Russia and Naftogaz in Ukraine. Experts from each country worked on a respective case mentored by NRGI's advisor Patrick Heller. The paper describes the background, mandate and mission, as well as the institutional position of KazMunayGaz within the state system. It analyzes the accountability and transparency of the company and provides recommendations to follow up.

State-Owned Oil Enterprise Case Studies: KazMunayGaz

State-Owned Oil Enterprise Case Studies: Naftogaz

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: In collaboration with NRGI, Eurasia Hub has recently implemented a research project on SOE transparency, accountability and governance focusing on 4 country cases: SOCAR in Azerbaijan, Kazmunaygaz in Kazakhstan, Gazprom in Russia and Naftogaz in Ukraine. Experts from each country worked on a respective case mentored by NRGI's advisor Patrick Heller. Naftogaz’s case study includes the history, mandate and mission, position of the company within the state system of Ukraine, as well as describes its organizational structure. The research also focuses on transparency, accountability and governance of Naftogaz and contains recommendations for the company.

State-Owned Oil Enterprise Case Studies: Naftogaz

State-Owned Oil Enterprise Case Studies: Gazprom

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: In collaboration with NRGI, Eurasia Hub has recently implemented a research project on SOE transparency, accountability and governance focusing on 4 country cases: SOCAR in Azerbaijan, Kazmunaygaz in Kazakhstan, Gazprom in Russia and Naftogaz in Ukraine. Experts from each country worked on a respective case mentored by NRGI's advisor Patrick Heller. Gazprom’s case study reflects the historical conditions for monopolistic development of Gazprom, as well as its accountability and transparency performance. The research also includes recommendations for development of these performances. It was conducted by a prominent independent researcher from Russia.

State-Owned Oil Enterprise Case Studies: Gazprom
Примеры государственных нефтяных предприятий: Газпром

Azerbaijan Has Started Implementation of Fiscal Rules

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: Pro-cyclical budget policy is an essential threat for macroeconomic stability and its effects can be stabilized mostly with application of limiting fiscal rules. Implementation of pro-cyclical policies means that the government makes spending without any limitations and in the case of crisis it continues spending by lending money and by withdrawals from a savings account. Fiscal rules impose the following qualitative restrictions on the size of the public debt, budget deficit, level of spending (as percentage share of GDP, or as the share of rate of growth), volume of income (particularly the amount of transfers between different budget lines)...See more

Azərbaycanda fiskal qaydanın tətbiqinə start verildi

Ways Of Improving Azerbaijan’s Performance In Resource Governance Index (RGI)

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: Resource Governance Index measures governance of oil, gas and mining industries. The index reflects quality of governance of resource rich governments based on a composite assessment of transparency, accountability and disclosure practices. Azerbaijan was ranked as 47th among 81 countries in the last index (2017) and was placed among the largest group of countries that performed “weak”, coming after “good” and “satisfactory” performing countries...See more

Təbii Resursların İdarəediməsi (RGİ)- 2019 İndeksində Azərbaycanın mövqeyinin gücləndirilməsi perspektivləri

Open Budget Index - 2019: Recommendations For Improvement Of Azerbaijan’s Position (analytical paper)

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: At the end of January 2018, rating of the countries according to the budget transparency index for 2017 was announced. Azerbaijan has scored only 34 points out of 100 and has been ranked as 78th out of 115 countries which positioned it among the countries with lowest level of budget transparency. Azerbaijan’s position has dropped by 17 points in comparison to the results of the index in 2015 (51 points)...See more

Açıq Büdcə İndeksi -2019: Azərbaycanın mövqeyini yüksəltmək üçün zəruri addımlar

State-Owned Oil Company Case Studies: SOCAR

Eurasia Extractive Industries Knowledge Hub Expert Group

Summary: In collaboration with NRGI, Eurasia Hub has recently implemented a research project on SOE transparency, accountability and governance focusing on 4 country cases: SOCAR in Azerbaijan, Kazmunaygaz in Kazakhstan, Gazprom in Russia and Naftogaz in Ukraine. Experts from each country worked on a respective case mentored by NRGI's advisor Patrick Heller. SOCAR's case study the study analyses main developments in its operations in the last 10 years and provides recommendations on how to improve transparency, accountability and governance mechanisms.

State-Owned Oil Company Case Studies: SOCAR
Azərbaycan Respublikası Dövlət Neft Şirkəti - SOCAR: İdarəetmə, hesabatlılıq, şəffaflıq

Diversification problems of Azerbaijani economy: obstacles and solutions

Ingilab Ahmadov

Summary: In this article Ingilab Ahmadov analyzes the conditions for economic diversification and obstacles in the way of it. He identifies that the strict monetary and credit policies, are hampering the success of economic diversification. The work emphasises that political condition are of an utmost importance in successful outcome of diversification policies. The environment in the country is enabling for diversification due to the revamped infrastructure, the drastic devaluation of the manat, the dramatic reduction of the average monthly wages as expressed in dollars, the reappearance of cheap workforce, and the presence of such a regional market as Russia. The establishment of ownership rights in the country and a favourable business environment are cornerstone for progress in economic diversification.

http://edf.az/ts_general/eng/layihe/IIED/policy-papers/ingilab-ahmadov_diversification.pdf

Human Capital Development in Azerbaijan

Special Editor: Farid Guliyev, Research Associate at Eurasia Extractive Industries Knowledge Hub

Summary:

The Oil Boom and Human Capital Development in Azerbaijan:Turning Black Gold into Human Gold (Surayya Mammadova)

The Quality of Education in Azerbaijan: Problems and Prospects (Farid Guliyev)

Natural Resources and the Gender Gap in Azerbaijan (Lucy Wallwork)

The Contribution of Foreign Oil Companies to Human Capital Development in Azerbaijan: The Case of BP’s CSR Program (Nazaket Azimli)

Please find the PDF:

http://www.laender-analysen.de/cad/pdf/CaucasusAnalyticalDigest90.pdf

Tackling the Resource Curse: The role of democracy in achieving sustainable development in resource-rich countries

Ahmadov A. and Guliyev F. IDEA Discussion Paper (2016)

Summary: A number of studies in the academic and policy literature suggest that resource-rich countries with democratic political systems are more likely than their resource-rich counterparts with less democratic systems to enjoy prudential governance of natural resources, which, in turn, makes inclusive sustainable development more likely.

This report focuses on the potential roles of stakeholders and institutions in the governance of natural resources. It aims to pinpoint specific mechanisms that are pivotal for ensuring prudential management. It draws on a multitude of examples and includes six case studies that illustrate the interaction between democracy, natural resources and development outcomes.

Please find the PDF:

http://www.idea.int/resources/analysis/the-role-of-democracy-in-achieving-sustainable-development-in-resource-rich-countries.cfm

Low Oil Prices: Economic and Social Implications for Azerbaijan

Special Editors: Eurasia Extractive Industries Knowledge Hub (Khazar University) and Jeronim Perović Caucasus Analytical Digest No. 83 (2016)

Summary: Azerbaijan’s New Macroeconomic Reality: How to Adapt to Low Oil Prices (Ingilab Ahmadov)

Oil Price Shocks and Monetary Policy in Azerbaijan: Challenges and Opportunities (Jeyhun Mammadov)

Lower Oil Revenues, Higher Public Debt: The Fiscal Policy Implications of Low Oil Prices in Azerbaijan (Kenan Aslanli)
Azerbaijan: Low Oil Prices and their Social Impact (Farid Guliyev)

Statistics Oil Production and State Finances

Please find the PDF:

http://www.laender-analysen.de/cad/pdf/CaucasusAnalyticalDigest83.pdf

Governance, transparency and accountability in Sovereign Wealth Funds: Remarks on the assessment, rankings and benchmarks to date in Sovereign Wealth Funds: New Challenges for the Caspian Countries

Tsani, S., Ahmadov I., and Aslanli K. Public Finance Monitoring Centre, Azerbaijan and Revenue Watch Institute, USA (2011).

Summary: Over the past decade, the boom in commodity prices and the growth of foreign exchange reserves have made Sovereign Wealth Funds (SWF) major forces in the global economy, with the largest funds managing well over $4 trillion in assets. Their influence has had far-reaching consequences for both host and sponsoring countries. SWFs can finance development projects and shield economies from volatility. But they can also hamper the effectiveness of macroeconomic policies and create opportunities for corruption. This report from Azerbaijans Public Finance Monitoring Center, Khazar University and RWI presents a critical analysis of resource-based SWFs in three Caspian countries: Azerbaijan, Kazakhstan and Russia. While SWFs enabled them to weather the global financial crisis, the funds investment choices have failed to promote long-term development at home, highlighting the need for transparency and accountability as well as new methods to assess SWF performance.

Please find the PDF:

http://www.resourcegovernance.org/sites/default/files/SWFs-Caspian-Countries.pdf
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