Publisher's Synopsis
Azerbaijan has vast economic potential, particularly in the energy sector (Caspian reserves as a whole may approach those of the North Sea). As a result, virtually every major oil company in the world has an interest in Azerbaijan. The sanctioning of the Baku-Tbilisi-Ceyhan (BTC) pipeline in September 2002 was a landmark event for the region's economic development, with over USD4 million spent daily on BTC construction in 2003-4. Given the extent of development in the Caspian energy sector, billions of dollars in business opportunities are expected over the coming year or two. Prospects for foreign companies include oil/gas field machinery and services; architectural, construction and engineering services; building materials; telecommunications equipment and services; and food processing/packaging equipment. Azerbaijan continues to demonstrate strong economic growth and macroeconomic stability. Leading international firms specializing in Azeri business practice will contribute editorial and analysis to this uniquely authoritative book. Contributors will include major law firms, accountancy firms, consultancies and others.
