Azerbaijan Location : Southwestern Asia, bordering the Caspian Sea, between Iran and Russia
Capital City : Baku (Baki)
Curreny : Azerbaijani manat (AZM)
Languages Spoken : Azerbaijani (Azeri) 89%, Russian 3%, Armenian 2%, other 6% (1995 est.)
Climate : dry, semiarid steppe
National Holiday : Founding of the Democratic Republic of Azerbaidzhan, 28 May (1918)
Background Information
Azerbaijan - a nation of Turkic Muslims - has been an independent republic since the collapse of the Soviet Union in 1991. Despite a 1`994 cease-fire, Azerbaijan has yet to resolve its conflict with Armenia over the Azerbaijani Nagorno-Karabakh enclave (largely Armenian populated). Azerbaijan has lost almost 20% of its territory and must support some 750,000 refugees and internally displaced persons as a result of the conflict. Corruption is ubiquitous and the promise of widespread wealth from Azerbaijan's undeveloped petroleum resources remains largely unfulfilled.
Geographical Note
both the main area of the country and the Naxcivan exclave are landlocked
Economy
Azerbaijan's number one export is oil. Azerbaijan's oil production declined through 1997 but has registered an increase every year since. Negotiation of production-sharing arrangements (PSAs) with foreign firms, which have thus far committed $60 billion to oilfield development, should generate the funds needed to spur future industrial development. Oil production under the first of these PSAs, with the Azerbaijan International Operating Company, began in November 1997. Azerbaijan shares all the formidable problems of the former Soviet republics in making the transition from a command to a market economy, but its considerable energy resources brighten its long-term prospects. Baku has only recently begun making progress on economic reform, and old economic ties and structures are slowly being replaced. An obstacle to economic progress, including stepped up foreign investment in the non-energy sector, is the continuing conflict with Armenia over the Nagorno-Karabakh region. Trade with Russia and the other former Soviet republics is declining in importance while trade is building with Turkey and the nations of Europe. Long-term prospects will depend on world oil prices, the location of new pipelines in the region, and Azerbaijan's ability to manage its oil wealth.
Religions
Muslim 93.4%, Russian Orthodox 2.5%, Armenian Orthodox 2.3%, other 1.8% (1995 est.) note: religious affiliation is still nominal in Azerbaijan; percentages for actual practicing adherents are much lower
Ports : Baku (Baki)
International Disputes - Risks to travellers
: Armenia supports ethnic Armenian secessionists in Nagorno-Karabakh and militarily occupies almost one-fifth of Azerbaijan - Organization for Security and Cooperation in Europe (OSCE) continues to mediate dispute; Azerbaijan signed bilateral agreements with Russia delimiting the Caspian seabed, but littoral states are far from multilateral agreement on dividing the waters and seabed regimes - Iran insists on division of Caspian Sea into five equal sectors while Azerbaijan, Kazakhstan, Russia, and Turkmenistan have generally agreed upon equidistant seabed boundaries; Iran threatens to conduct oil exploration in Azerbaijani-claimed waters, while interdicting Azerbaijani activities; Azerbaijan and Turkmenistan await ICJ decision to resolve sovereignty dispute over oilfields in the Caspian Sea
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