Azerbaijan – Projecting Outward

 According to a recent Energy Daily report, Azerbaijan – its $21 billion economy expanding at more than triple the rate of China’s in a world of record-high energy prices – has begun acquiring assets in neighboring states.

“For instance, the State Oil Company of Azerbaijan has started investing in the economies of Georgia, Turkey, and East European countries,” he said, adding SOCAR “has a high credit rating, which allows the company to draw any funding both for its activity in Azerbaijan and for investment projects abroad.”

Plenty of interesting data on this fast growing economy for your appetite in this article.

This entry was posted on Saturday, October 27th, 2007 at 12:58 pm and is filed under Azerbaijan, Georgia, Turkey.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.