Saturday, May 27, 2006

Azerbaijan may supply gas to Europe, says president

Aliyev said Azerbaijan was also ready to play a role in the transit of oil and gas, citing two major pipelines nearing completion, which would take gas from his Caspian nation to Turkey and Georgia.

There’s no doubt that Azerbaijan could benefit immensely from a European contract as 49% of its population is currently living below the poverty line. The question that remains is whether the corruption endemic to Azerbaijan can be stifled sufficiently to allow it to become more than just another one-dimensional petrostate.

Full story here.

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