AGP Executive Report
Last update: 11 hours agoCurrency and Reserves: The manat held at 1.7000 to the dollar throughout the week, while the euro and rouble rose against it. Azerbaijan’s $15.4 billion reserve cushion and government projections point to a continued 1.70 rate through 2030. Energy Trade: Azerbaijan plans to resume gas purchases from Gazprom, with volumes and timing still undecided, and has restarted two-way gas trade with Iran. Nearly 30 billion cubic metres of gas have moved through the country’s main pipelines this year. Regional Business Links: Azerbaijan and Uzbekistan are expanding cooperation, including a new trade-union agreement and reviews of the joint SOCAR-BP Ustyurt exploration project. Investment and Diversification: Azerbaijan is targeting an 82% non-oil share of GDP, while a planned $2.6 billion energy expansion supports an 8-gigawatt green-power goal. The government is also discussing fiscal reforms and investment cooperation with the IMF and Asian Development Bank.
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