Azerbaijani President calls for privatization of state oil company SOCAR: hope for petrostats? – Forbes

Azerbaijani President calls for privatization of state oil company SOCAR: hope for petrostats? – Forbes

SOCAR Bulla-Deniz 12 platform in the Azerbaijani sector of the Caspian Sea. 24 December 2018.

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Like other countries dependent on the world’s commodity exports, Azerbaijan has seen its economy suffer from the lockdown effects of the global coronavirus pandemic, especially its oil and gas sector. The World Bank now forecasts the country’s economy to contract 2.6 percent this…

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