Alternative Development Strategies for the Azerbaijan Economy

Abstract

Paying attention to the last prognosis indicators, we’ll see that, in its payment period in the result of exploitation of the pipe pump BTC forming a part of "Agreement of the Century" signed on September 20, in 1994, in 2008-2015 years the incomes is expected to be 35-42 billion USD. If one barrel of oil is 30-60 dollar till the last period of the project, exactly till 2029-2030 years, the total income amount taking from this area is expected to be in the amount of 120-140 billion USD.

The use of oil incomes indicating with the big figures is more important and actual than getting them. Taking into consideration of the not finding of the new oil deposits in our republic in 1940-1960 years, and taking into consideration of oil being the finishing riches that, our aim is to vivify the areas with development potential in correct and expedient form each oil manta entering to our budget nowadays.

Keywords: Azerbaijan Economy, Oil, GDP

JEL Classification: N50