Two thirds of Azerbaijan is rich in oil and pure gasoline 123 The region of the Lesser Caucasus accounts for most of the country’s gold , silver , iron , copper , titanium , chromium , manganese , cobalt , molybdenum , complicated ore and antimony 123 In September 1994, a 30-yr contract was signed between the State Oil Company of Azerbaijan Republic (SOCAR) and 13 oil companies, amongst them Amoco , BP , ExxonMobil , Lukoil and Statoil 117 As Western oil companies are able to tap deepwater oilfields untouched by the Soviet exploitation, Azerbaijan is considered one of the essential spots on this planet for oil exploration and improvement.
Ana Palacio is former Minister of Overseas Affairs of Spain and former Senior Vice President and Normal Counsel of the World Financial institution Group. He has worked for the Worldwide Monetary Fund, the US Federal Reserve, and the World Bank.
J. Bradford DeLong is Professor of Economics on the College of California at Berkeley and a analysis associate at the National Bureau of Economic Analysis. Zhang Jun is Dean of the Faculty of Economics at Fudan University and Director of the China Middle for Economic Studies, a Shanghai-based assume-tank.