НЕΦТЬ АЗЕРБАЙДЖАНА: доходы, расходы и риски

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ISBN
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Devon Energy(5.6262);
Itochu(3.9205); Amerada Hess
(2.7213)
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Energy (30.0); Agip-Lukoil(45);
Agip(5)
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_____________________________________________________
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27
_____________________________________________________
N
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23
24
25
26
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.
.
,
,
,
,
,
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,
.
,
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,
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,
-
.
.
,
.
,
51
_____________________________________________________
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.
:
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,
FOB, C F, C
,
,
.
.
F,
.
30-
,
17
,
.
.
,
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,
.
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.
18
.
,
,
17
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18
1319
«
19
,
.
.
»
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,
,
.
,
.
52
_____________________________________________________
,
33.3%
.
(
(
)
(
,
,
).
,
,
,
,
,
,
(
)
,
,
,
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“Platt’s Oilqram”.
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,
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.
,
,
,
.
,
,
30-
.
),
.
.
,
,
,
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_____________________________________________________
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,
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.
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.).
.
54
(
–
,
.
.
,
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_____________________________________________________
1.3.
,
,
,
:
;
;
;
;
;
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10%)
;
–
;
.
1. 4.
,
.
.
,
.
1.6
55
_____________________________________________________
1.6.
29
1999
(
,
,
849
7652
1-
)20
A
,
A
,
20032005-
A
A
,
.
20
,
2001-2006-
2006-
http://www.oilfund.az/index.php?n=164
56
.
2006-
_____________________________________________________
,
1165.6
21
1100
,
,
,
.
.
22
.
,
,
,
,
.
,
21
, 2006.
http://www.oilfund.az/download/OilfundAz_2006.pdf
22
http://www.eiti-az.org/ts_gen/download/EITI_report_2006_eng.pdf
57
_____________________________________________________
2.
2.1.
2006
.
.
100
23
6.5
24
.
22.1
,
BP,
100
5.4
23
26
BP,
.
. BP
750
.
“Turan”, 27.10.06
“Turan”, 02.08.06
24
25
.
0.85
25
26
27
-
http://www.bp.com/genericarticle.do?categoryId=9006667&contentId=7014330
http://www.bp.com/genericarticle.do?categoryId=9006668&contentId=7014342
27
58
.
_____________________________________________________
.
?
.
,
.
,
700
,
.
.
.
1997
.
1995-2000
.
62%
,
,
.
.
.
(
28
.
,
(270,964.7
28
– 100
4
,
.
1997
,
,
.
,
– 162,346.2
360
.
,
2001
),
,
,
,
2001
59
_____________________________________________________
–
.
– 8,258.6
2002
)
52.6
.
124
2003
(65.4
,
, 48.6
ExxonMobil)29.
10
(
5.2)
:
,
;
,
;
;
;
.
29
2006
,
-
;
. 2.1
2001
.
.
2003.
http://www.oilfund.az/download/az/2003_az.pdf
60
_____________________________________________________
30
.
2002
.
,
.
USD
:
124273
24.3 = -------------
289.5
1474499
2002
USD.
: 124273 –
2002, AZM; 1474499 –
AZM; 289.5 -
.
,
,
,
,
2002
,
,
,
.
.
30
(
,
)
,
:
,
http://www.oilfund.az/az/account
61
2.1.
1
,
:
31
2001,
.AZM/
. USD
1241018.0/
270.9
826 601.7/
177.8
29 927.4/
6.4
54 797.0/
11.7
50 064.1/
10.7
2 225.3/
0.5
-
2002,
.AZM/
. USD
2346951.1/
491.5
975 882/
200.6
257 630*/
52.6*
61681.0/
12.7
52 704/
10.8
2 329/
0.5
-
2004,
.AZM/
. USD
4015033.8/
815.6
1 294 834.7/
263.8
105 991.1/
21.6
59 712.3/
12.1
43 261.0/
8.8
-
2005,
.AZM/
. USD
4726257.4/
964.0
2 713 094.8/
579.9
4 592.1/
1.0
78 217.6/
16.5
40 756.0/
8.8
-
2006,
.AZN/
. USD
1280457.0/
1394.3
896 258.0/
1005.4
1 797.7/
2.0
12 716.3/
14.2
7 570.9/
8.6
-
-
2003,
.AZM/
. USD
3387278.1/
(692.2)
869 008.3/
176.9
608 945.8*/
124.0*
63 588.9/
12.9
94 555.3/
19.3
586.4/
0.1
24.4/
(0.005)
-
2984.3/
(0.607)
-
7612.9/
(1.625)
316474.2/
124 273.0/
(24.3)
1 474 499/
289.5
3 821 450.1/
781.0
183 784.1/
(37.4)
1 820 493.2/
(370.7)
4 015 033.8/
(815.6)
75 623.2/
(15.4)
1 582 406.6/
(322.1)
4 726 257.4/
964.0
139 576.3/
(29.8)
3 300 323.9/
704.6
6 402 284.4/
1 394.3
669.8/
(0.792)
10 972.7/
12.5
55 953.3/
(122.2)
985 938.7/
1 165.6
1 267 444.8/
1 454.5
146 378/
14.2
2 351 011.5/
492.4
2 351 011.5/
492.4
,
2004, 2005
2006.
,
2002,
2001
.
.
2003
2003,
,
2004
,
2003
2003
AZM
2004
.
.
2004
31
USD
.
.
.
.
1.3
.
1-
.
,
31
http://www.imf.org/external/pubs/ft/scr/2008/cr08216.pdf
2007
,
,
. 30%
70% ,
_____________________________________________________
(
,
1.1)
1.3.
,
32
,
.
(
- USD)
2.2.
2.2.
-
2001
3.87
2002
2.15
2003
4.42
2004
1.88
2005
2.79
2006
8.5
33
2006
,
.
,
(AZN)
2006
(51.6%)
8.2% -
32
2.9%.
. 2.134.
7
3
.
5
-
2006
1
. 33.9% , 2.8% -
5
7
1
http://www.oilfund.az/az/content/13/9
, http://www.oilfund.az/index.php?n=19
34
, 2006
64
33
2006
3
,
, 3.5% -
_____________________________________________________
.
. 2.1.
.2.3
31
2006
.
Group)
2006
,
8.6%
(
6.28%,
2006
– 5.25%.
2005
,
2006
.
.
Credit Swiss
28
,
35% -
55%
, 5% .
65
_____________________________________________________
2.3.
%
sM
:
.
:
:
. 2.2
,
1 260.5
-
34.9
74.8
45.4
1 370.2
45.4
94.2
3.1
834.3
8.6
28.4
871.3
59.9
163.8
9.3
-
173.1
11.9
192.2
2.0
1.0
195.2
13.4
70.2
69.1
15.0
4.6
7.5
3.7
85.2
4.6
80.3
5.9
0.3
5.5
-
7.4
-
7.4
0.5
0.8
68.3
1329.6
0.1
47.0
2.5
1.2
78.5
3.3
69.6
1 455.1
0.2
4.8
100
2001-2006
(
2001 - 2003
,
2008
.
66
).
.
(
.
. 1.3),
_____________________________________________________
,
0.04%
2.39%
0.10%
2.78%
2.86%
7.11%
1.12%
83.60%
. 2.2.
2.2.
.
,
,
.
. 2.2.
.
,
.
67
_____________________________________________________
,
,
.
,
,
,
,
. 2.3
,
.
:
500.0
400.0
300.0
200.0
100.0
0.0
2003
2006
2009
2012
2015
2018
2021
2024
. 2.3.
440
–
.
,
68
.
.
,
,
2010
2024
–
,
,
,
_____________________________________________________
,
2008
,
.
18
.
.
,
,
,
,
,
.
.
.
:
,
.
,
.
$3/
,
.
,
.
,
2024
20
,
4
$25, $35, $45 $60
.
.
.
.
,
: $18,
.
$2/
.
69
_____________________________________________________
,
(
)
,
.
. 2.4
.
:
,
1–
;
2–
;
3–
;
4–
;
5–
;
6–
;
7 – 22%
;
8–
;
9–
;
10 –
.
.
(
,
,
.
70
.
.)
,
,
5%-
,
_____________________________________________________
. 2.4.
.
6-
A
C
.
4
B
1
3
2
5
6
7
8
9
10
. 2.4.
7-
. 2.4
.
(
) 22%-
,
71
_____________________________________________________
(8(9(10,
.
,
.
).
).
,
,
,
,
)
,
.
.
. 2.5
.
.USD
250000
200000
150000
100000
50000
0
2004
2008
2012
2016
$18/barrel
$25/barrel
$45/barrel
$60/barrel
. 2.5.
72
2020
2024
$35/barrel
_____________________________________________________
,
,
2024
,
.
50
,
.
,
.
,
,
25%,
(
,
.
.
.
.
,
5%
,
.
.
)
5%.
150
,
,
25%,
,
20%-
.
,
.
,
,
.
60
2.6.
.
,
73
_____________________________________________________
2.3
.
.
2500
.USD
2000
1500
1000
500
0
2007 2009 2011 2013 2015 2017 2019 2021 2023
$18/barrel
$45/barrel
$60/barrel
. 2.6.
,
10%
10%.
,
,
.
2003
7
35
35
.
http://www.oilfund.az/index.php?n=174
74
,
.
.
16
,
,
2007
,
,
_____________________________________________________
2003
(
.
)
.
102.3
. 2.7
,
.
.
,
,
20-30
.
,
.
1200
.USD
1000
800
600
400
200
0
2006 2008 2010 2012 2014 2016 2018 2020 2022 2024
$18/barrel
$45/barrel
$60/barrel
. 2.7.
75
_____________________________________________________
,
$45/
,
,
.
.
,
,
2007-2024
170
,
,
.
.
.
,
100
,
,
.
,
.
,
,
,
,
,
.
.
,
,
,
,
.
76
,
_____________________________________________________
3.
,
1992
,
1994
1,
.
1993
.
100
,
,
.
1995
,
.3.1
2000
36
.
91
82
. U SD
80
56
60
50
37
29
40
20
0
1995
1996
1997
1998
1999
2000
. 3.1.
36
.
TACIS. 2001,
77
_____________________________________________________
1999
,
.
,
«
2001
,
.),
(
».
.
,
3.1
2001
.).
37
2006
.
2
:
,
,
,
.
. AZN
38
2006
)
17575 AZN.
. 3.2
2001-2006
37
.
, www.oilfund.az
http://www.oilfund.az/index.php?n=23
78
38
297,9
.
(
3.1.
2001,
.
AZM
-
2002,
.
AZM
2003,
.
AZM
2004,
.
AZM
2005,
.
AZM
2006,
.AZN/
.AZM
:
,
AZM/
.AZN
3583.3
188839.0
99812.9
74952.3
201948.2
110031.5/
550157.5
1119293.2/
223858.64
-
242298.7
576000.0
89000.0
205000
-
-
500000.0
650000
750000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
75409/
377045.0
585000/
2925000.0
82748.7/
413743.5
37000.0/
185000.0
90000/
450000.0
1489343.7/
297868.74
4825000.0/
965000
413743.5/
82748.7
185000/
37000
450000.0/
90000
476.6
3034.0
4307.3
3555.6
7838.3
4059.9
434171.7
1180120.2
817507.9
1164786.5
1186.6/
5933.0
981375.9/
4906879.0
25144.8/
5028.96
8507525.2/
1701505.04
–
,
.
56.7%
4.9%
17.5%
2.2%
13.2%
5.3%
0.3%
. 3.2.
. 3.3
.
6000000.0
4929693.5
4906879.0
5000000.0
.AZM
4000000.0
3300323.9
3000000.0
1820493.2
2000000.0
1582406.6
1474499.0
1180120.2
1109993.5
1164786.5
817507.9
1000000.0
434171.7
4059.9
0.0
2001
.3.3.
2002
2003
2004
2005
2006
_____________________________________________________
.3.2
,
.
3.2.
,
. AZN
39
,
. AZN
40
,
%
2001
2002
2003
2004
2005
2006
0,8
86,8
236,0
163,5
232,9
981.3
. 3.3
41
3.3.
806.6
931.7
1 234.0
1 501.0
2 140.7
3 789.7
0
0
8.1
8.6
7.0
15.4
2007
:
2007
,
N
AZN
1.
124 161,0
2.
585 000,0
39
, www.oilfund.az
http://www.azstat.org/publications/azfigures/2007/az/020.shtml#t20_1
41
www.oilfund.az
40
81
_____________________________________________________
,
N
AZN
-
3.
183 620,0
4.
76 900,0
5.
7 385,9
977 066,9
,
,
,
5.
(
)
?
.
82
,
,
,
,
,
_____________________________________________________
4.
:
;
;
;
;
;
;
;
;
;
.
,
83
_____________________________________________________
,
.
,
.
.
,
,
,
,
.
.
,
,
,
.
,
,
.
42
.
2001
.
42
84
,
2002
http://www.oilfund.az/index_en.php?n=19
2001-2006
,
_____________________________________________________
PriceWaterhouseCoopers
Deloitte&Touche.
,
Ernst&Young,
.
.
.
,
.
,
2004
1,091
USD43.
,
.
43
,
,
,
.
(OMS). OMS
»
,
.
Overture Managed Solutions
«
. OMS
, 2004
www.oilfund.az/index_en.php?n=19
85
_____________________________________________________
,
.
Solutions - Overture Financial Services
Overture Managed
2005
.
2005
.
.
York
44
.
. Bank of New
,
.
: 2002 – 288.9
274008
, 2004 – 284.3
USD, 2006 – 317,000 AZN45.
,
.
,
USD, 2003 –
USD, 2005 – 289.7
.
16
,
,
.
,
44
, 2004
www.oilfund.az/index_en.php?n=19
45
, www.oilfund.az
86
_____________________________________________________
.
.
,
,
,
,
,
.
.
,
.
.
,
,
,
:
;
;
;
;
,
;
-
.
.
,
.
99
87
_____________________________________________________
.
109
,
.
,
,
.
,
.
,
,
.
.
.
1995,
2000
16
,
2005
:
.
,
,
88
.
.
,
,
.
,
.
.
.
5%
,
.
_____________________________________________________
.
,
.
–
International”
(
,
159
2004
46
“Transparency
127-143 :
,
)
2005
.
.
,
,
,
) “Transparency Azerbaijan”
,
(52,2%)
86,9 %(34,7%).
:
;
;
;
;
;
.
46
http://www.alac-az.org/transpfiles/25.pdf
89
_____________________________________________________
.
.
«
47
2007»
10
2007
–
(
212
).
:
1)
,
2)
3)
4)
5)
6)
;
;
,
;
;
;
.
.4.1:
4.1.
(0-100)
47
1996
1998
2000
2002
2003
2004
2005
2006
16.7
24.5
19.2
24.5
19.2
18.8
25.5
15.4
23.1
11.1
23.1
10.1
17.8
12.0
14.9
15.9
16.6
17.5
19.4
19.4
22.3
18.5
30.8
27.5
15.6
17.6
13.1
19.0
14.8
9.7
22.4
14.8
7.3
23.9
21.9
11.2
28.3
24.3
12.1
30.2
22.4
9.2
32.2
23.8
16.0
34.1
22.4
15.0
http://info.worldbank.org/governance/wgi/index.asp
90
_____________________________________________________
. 4.1
.
.
1918
,
.
,
,
,
.
1991
1992
.
,
35%
.
,
,
–
,
59 %
,
,
,
.
,
.
1995, 2000, 2005
.
,
,
,
1993 (
2003
,
),
1998
.
.
,
,
,
91
_____________________________________________________
.
,
.
50
.
,
.
,
.
.
2000
.
.
.
,
.
.
,
,
:
,
,
48
48
A
.
,
–
,
–
,
–
,
–
–
»,
92
«
»,
«
–
_____________________________________________________
,
,
?
,
:
1)
;
2)
.
;
3)
.
4)
.
,
,
.
.
,
.
.
.
,
,
»,
.
,
–
–
«
»
93
_____________________________________________________
.
0.5 %
2 %
.
.
2
.
–
,
,
, 3
,
6
,
,
,
,
,
.
57
,
,
,
,
,
,
.
.
,
,
148
.
147
.
6
,
“
19
".
94
1998
,
7
,
"
.
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,
.
_____________________________________________________
.
(
)
,
,
,
.
.
.
.
.
,
,
,
.
.
,
.
.
,
.
–
,
2006
.
,
.
.
«
:
135,
»,
168
– 6-
,
95
_____________________________________________________
,
,
– 10-
,
– 27– 101- ,
– 123- ,
– 151-
,
– 105-
,
– 85-
,
– 128- .
:
– 147– 167- .
,
– 89– 117,
49
.
:
?
?
?
,
,
?
?
49
:
–
«
»,
–
–
,
96
«
,
«
»,
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»,
–
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_____________________________________________________
:
,
.
,
,
.
.
,
.
;
),
,
,
(
);
–
.
.
.
(
,
.
1)
.
.
.
,
,
,
.
,
,
97
_____________________________________________________
,
,
,
(
,
2001
-
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_____________________________________________________
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.
_____________________________________________________
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3. Azerbaijan. Country Reports on Human Rights Practices
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5. Azerbaijan. Freedom of the Press: A Global Survey of
Media Independence, 2004
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6. Beyond the Rhetoric. Measuring revenue transparency:
company performance in the oil and gas industries. Save
the Children.
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7. Beyond the Rhetoric. Measuring revenue transparency:
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and gas industries. Save the Children.
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8. Caspian oil windfalls: who will benefit? Svetlana Tsalik.
Open Society Institute. 2003.
9. Chad’s Oil: Miracle or Mirage? Following the Money in
Africa’s Newest Petro-State. Ian Gary. Catholic Relief
Services
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10. Conditions and practice of oil agreements in Caspian
countries. Information – Analitical Agency "TREND".
TREND weekly review N 46 (156). 28 November 2003
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IMF
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16. Gylfason, Thorvaldur, 2001, “Lessons from the Dutch
Disease: Causes, Treatment, and Cures, “Institute of
Economic Studies Working Paper No. W01:06 (Reykjavik:
University of Iceland)
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Reflections on the Paradox of Plenty”, Journal of
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29. The rough guide to transparency and natural resource
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nomic Re search Cen ter
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States Revenue Transparency and Extractive Industries
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http://www.glazev.ru/alert/6/28
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195
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