Azerbaijan Economic and Political Analysis

Azerbaijan one choice is to penetrate into transitional world economy with its growth, which led to Turkey-Azerbaijan cooperation in the energy production. This paper addresses the economic relationship between Turkey and Azerbaijan as well as discussing the major trends of energy contribution relations in both countries. It will evaluate the natural gas and the rich oil investments and its impacts in the two countries. Introduction Since the gain of Azerbaijan independence in 18th of October 1991, it has managed to strike a balance on economic and political relations in the region. Its geographical location has largely contributed to this transition into the world’s economy in terms of financing and developments. Revenues from this remarkable economic growth rate and the crude oil exports, Azerbaijan was hard hit by the latest global drop in oil prices and this has painfully affected her economic changes.

Alternatively, the government has tried to employ new ways of addressing this economic disaster through other non-oil sectors. It is very clear that Azerbaijan government was caught unaware of the unpredictable economic changes and this caused poor planning and approaches towards the change. Practically, this was difficult to deal with the change within the minimum period of the effect. (Singh, et, al. (Suleymanov, et. al. pg. The remarkable change in natural gas production was mainly because of the change of old systems of production and new gas wells extraction. It thought the natural gas productions in the near future would go up to approximately 60% billion cubic meters compared to the very promising product in the past years. Turkey-Azerbaijan Energy Sector Cooperation.