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Black Gold in the Caspian

By Falco, Tish

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Book Id: WPLBN0000578715
Format Type: PDF eBook
File Size: 144.75 KB.
Reproduction Date: 2005
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Title: Black Gold in the Caspian  
Author: Falco, Tish
Language: English
Subject: Trade, Import and export controls, Export controls--United States
Collections: Export and Trade Collection
Publication Date:
Publisher: Federal Trade Commissionn (FTC)


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Falco, T. (n.d.). Black Gold in the Caspian. Retrieved from

Export and Trade Government Reference Document:

Excerpt: Many years ago, people traveled the Silk Road to trade goods, services, and ideas. Today, foreign businesses are continuing to travel this ancient route and stopping in Baku, Azerbaijan, to take advantage of commercial opportunities in the oil and gas industry. Azerbaijan, located in the Caspian Sea region, gained independence in 1991. Baku, the country?s capital, is located on the Caspian Sea, which affords Azerbaijan easy access to shipping and oil and natural gas reserves. Currently, Azerbaijan relies on the oil and gas sector for a large percentage of their income, with crude oil and oil products comprising over 70 percent of Azerbaijan?s exports and oil related revenue constituting 50 percent of the country?s budget.


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