Political pressure groups and leaders:
Sadval, Lezgin movement; self-proclaimed Armenian Nagorno-Karabakh
Republic; Talysh independence movement; Union of Pro-Azerbaijani
Forces (UPAF); Karabakh Liberation Organization
International organization participation:
AsDB, BSEC, CE, CIS, EAPC, EBRD, ECO, FAO, GCTU, GUAM, IAEA, IBRD,
ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol,
IOC, IOM, IPU, ISO, ITU, ITUC, MIGA, NAM (observer), OAS (observer),
OIC, OPCW, OSCE, PFP, SECI (observer), UN, UNCTAD, UNESCO, UNIDO,
UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Diplomatic representation in the US:
chief of mission: Ambassador Hafiv Mir Jalal PASHAYEV
chancery: 2741 34th Street NW, Washington, DC 20008
telephone: [1] (202) 337-3500
FAX: [1] (202) 337-5911
Consulate(s) general: Los Angeles
Diplomatic representation from the US: chief of mission: Ambassador Anne E. DERSE embassy: 83 Azadliyg Prospecti, Baku AZ1007 mailing address: American Embassy Baku, US Department of State, 7050 Baku Place, Washington, DC 20521-7050 telephone: [994] (12) 4980-335 through 337 FAX: [994] (12) 4656-671
Flag description:
three equal horizontal bands of blue (top), red, and green; a
crescent and eight-pointed star in white are centered in red band
Economy Azerbaijan
Economy - overview:
Azerbaijan's number one export is oil. Azerbaijan's oil production
declined through 1997, but has registered an increase every year
since. Negotiation of production-sharing arrangements (PSAs) with
foreign firms, which have thus far committed $60 billion to
long-term oilfield development, should generate the funds needed to
spur future industrial development. Oil production under the first
of these PSAs, with the Azerbaijan International Operating Company,
began in November 1997. A consortium of Western oil companies began
pumping 1 million barrels a day from a large offshore field in early
2006, through a $4 billion pipeline it built from Baku to Turkey's
Mediterranean port of Ceyhan. Economists estimate that by 2010
revenues from this project will double the country's current GDP.
Azerbaijan shares all the formidable problems of the former Soviet
republics in making the transition from a command to a market
economy, but its considerable energy resources brighten its
long-term prospects. Baku has only recently begun making progress on
economic reform, and old economic ties and structures are slowly
being replaced. Several other obstacles impede Azerbaijan's economic
progress: the need for stepped up foreign investment in the
non-energy sector, the continuing conflict with Armenia over the
Nagorno-Karabakh region, and the pervasive corruption. Trade with
Russia and the other former Soviet republics is declining in
importance while trade is building with Turkey and the nations of
Europe. Long-term prospects will depend on world oil prices, the
location of new pipelines in the region, and Azerbaijan's ability to
manage its oil wealth.
GDP (purchasing power parity):
$58.1 billion (2006 est.)
GDP (official exchange rate):
$14.05 billion (2006 est.)
GDP - real growth rate:
32.5% (2006 est.)