CaucasusInvestment Group

Energy

CIG research on this theme across Georgia, Armenia and Azerbaijan.

07 OCT 2026 CIG Research Azerbaijan CIG Research·Azerbaijan·07 OCT 2026Azerbaijan After Peak Oil: What the Non-Oil Economy Can CarryAzerbaijan's balance sheet is among the strongest in emerging markets, but oil output is falling, the oil fund now pays out more than it receives from oil and gas, and the non-oil economy has slowed just as it is asked to carry more. 11 min

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