APA - Pulitzer Prize-winner Daniel Yergin: We think by next year we certainly will have an average price of oil well above 50 dollar per barrel

Azərbaycanca | Русский | Français | عربي |

wap.apa.az

news

photo

video

Home

Latest

Politics

News

World

Economics

Sport

Culture

Military

Photo

Video

Latest

09 Feb 2010 23:18
Iran says enriched uranium production no obstacle to swap plan

09 Feb 2010 22:56
Avigdor Lieberman: “All complex of economical relations between Israel and Azerbaijan successfully increasing”

09 Feb 2010 22:53
Altay Efendiyev appointed ambassador to Spain

09 Feb 2010 22:14
Avigdor Lieberman: “I hope, we’ll be able to realize the decision on providing visa-free travel for those with diplomatic passports within a few months”

09 Feb 2010 21:53
Avigdor Lieberman: “Jewish community in Azerbaijan feels comfortable, enjoying their rights and freedom of speech largely.”

09 Feb 2010 21:50
Israeli Foreign Minister meets with business circles of Azerbaijan - PHOTOSESSION

09 Feb 2010 20:40
Afghanistan tunnel avalanches kill 24 in Hindu Kush

09 Feb 2010 20:09
Deniz Baykal: “The government’s policy regarding Armenia resulted with fiasco”

09 Feb 2010 20:07
Cabinet of Ministers holds a meeting on the problem occurred in power supply

09 Feb 2010 20:05
Azerbaijan sees sharp drop in foreign trade surplus

09 Feb 2010 20:04
Deals of $2.230 million concluded on BICEX, Feb. 9

09 Feb 2010 20:04
Azerbaijan posts 12% rise in number of ATMs

09 Feb 2010 19:25
Commission set up to investigate chances of ombudsman of the separatist Nagorno Karabakh regime to become EOI member

09 Feb 2010 19:08
Parliament approves new European Commission

09 Feb 2010 18:48
Power outage causes damage to Baku Subway

09 Feb 2010 18:45
Workshop “Work with mass media, establishment of media relations, modern tendencies in mass media sector” held for participants of “The Winter University for Young Leaders” – UPDATED

09 Feb 2010 18:06
CE Secretary General: “Normalization of Armenian-Turkish ties may last 20 years”

09 Feb 2010 18:06
A street in Lidice, Czechia to be named after Khojaly

09 Feb 2010 18:05
Nikolai Patrushev: “NATO expansion poses a serious threat to Russia”

09 Feb 2010 17:58
Kapital Bank increases authorized capital

09 Feb 2010 17:55
SOCAR posts 7% rise in oil refining.

09 Feb 2010 17:53
Visa requirement between Azerbaijan and Israel may be cancelled

09 Feb 2010 17:50
Azerbaijan’s Consul General to Los Angeles sends letter of protest to “Los Angeles Times”

09 Feb 2010 17:40
Azerbaijani President receives Israeli Foreign Minister

09 Feb 2010 17:39
Tbilisi hosts meeting of working group of commission on delimitation of Georgian-Azerbaijani borders

09 Feb 2010 17:38
Head of Azerbaijan’s Presidential Administration approves plan of events on 18th anniversary of Khojaly genocide

09 Feb 2010 17:38
BE&G Insurance Company raises share capital

09 Feb 2010 17:01
Baku Subway evacuates all passengers

09 Feb 2010 16:49
MBASK insurance company to hold shareholders’ meeting

09 Feb 2010 16:14
Azerbaijan-based leasing companies ranking for authorized capital

09 Feb 2010 16:08
Central Bank of Azerbaijan announces request for proposals

09 Feb 2010 15:36
Baku Subway restores operation

09 Feb 2010 15:04
Amrahbank sees 26% growth in deposit portfolio

09 Feb 2010 15:00
Azerenergi holds a meeting on the problem occurred in energy system

09 Feb 2010 14:34
Azerbaijan-based leasing companies ranking for a rise in leased equipment cost

09 Feb 2010 14:29
Serzh Sargsyan sends letter to Abdullah Gul

09 Feb 2010 13:58
Emergency medical aid brigades are outside metro stations in Baku, medical aid offered to passengers in tunnels - PHOTOSESSION

09 Feb 2010 13:48
Forces of Emergency Situations Ministry and police involved in rescue operations in Baku metro

09 Feb 2010 13:47
Power outage in Baku Subway - PHOTOSESSION

09 Feb 2010 13:34
Iranian ambassador to Azerbaijan: There is no obstacle for the expansion of the relations between the two countries – INTERVIEW

09 Feb 2010 13:33
Azerbaijani and Israeli Foreign Ministers hold meeting

09 Feb 2010 13:32
AGBI at 1.0001, ACBDI at 1.0000

09 Feb 2010 13:15
Baku gets power supply partly restored

09 Feb 2010 12:52
Electricity supply cut off in most part of Azerbaijan’s capital - PHOTOSESSION

09 Feb 2010 12:41
Azerbaijan sees decrease in gasoline output in January

09 Feb 2010 11:39
Azerbaijan-based leasing companies ranking for portfolio growth rate

09 Feb 2010 11:33
GUAM Secretary General Valeri Chechelashvili met co-ordinator of department of European programs US State department Lasy A. Wright

09 Feb 2010 11:30
US stock markets down, European up

09 Feb 2010 11:26
Oil prices drop on world markets

09 Feb 2010 11:17
Israeli Foreign Minister Avigdor Lieberman starts three-day visit to Azerbaijan - PHOTOSESSION

Others >>>

Top 5

09 Feb 2010 07:17
Syria warns Israel against military offensive

08 Feb 2010 13:02
Obama calls Congress for $30 billion support to small business lending fund

07 Feb 2010 05:37
Catholic Church offers special prayer for 2010 FIFA World Cup

08 Feb 2010 19:01
“Eurovision 2010” final concert tickets sold within 20 minutes - PHOTO

07 Feb 2010 12:26
Ukraine vote as tensions high in close-run election

Home > Politics > Foreign

Pulitzer Prize-winner Daniel Yergin: We think by next year we certainly will have an average price of oil well above 50 dollar per barrel – EXCLUSIVE

[ 21 May 2009 10:52 ]

Washington. Zaur Hasanov - APA. Pulitzer Prize-winner Daniel Yergin’s interview to APA

Profile. Daniel Yergin is the president of Cambridge Energy Research Associates operating in 16 countries. “The Prize” by Daniel Yergin about the oil industry of the world was awarded Pulitzer Prize in 1992. 20 million people watched the documentary film basing on the book made by the US Public Television. This year “The Prize” by Daniel Yergin has been published for the second time.

- How much attention is paid to the Caspian area in the second edition of “The Prize”?

-I touched upon this area actually. I particularly paid attention to the critical importance of BTC. BTC was very important for Azerbaijan’s independence and development of the country. It connected Azerbaijan to the global market place. It also recognizes the strategic importance of Azerbaijan in the region and in the global energy market now.

For 10 year, we had big energy conferences in Istanbul where the focus year after year was on BTC. So BTC started off as a concept then the will power turned it into reality and the world takes it for granted now. But 10 years ago it couldn’t be taken for granted.

Clearly, Heydar Aliyev had a vision for the importance of the pipeline. That vision was important to make it happened. Obviously, I think the U.S. government was also committed to the project. But Heydar Aliyev had a vision, will power and determination to see it through.

- Turkmenistan, Kazakhstan and Uzbekistan didn’t sign up for the South Corridor in Prague summit. Will it delay the implementation of the gas projects like Nabucco?

-You see renewed interest in the gas lines. There are a lot of financial, political obstacles to over come but I think that as BTC was the main issue in 90s, next several years’ big issue is going to be gas lines that connect the Central Asia and Caspian to Europe.

- What is your forecast for oil price in 2010?

-We really don’t publish any specific forecast. But we think that as the world economy covers, it is expected that oil price recovers. We have two key questions now: first, how many oil and gas projects are postponed and secondly, how strong the timing of global economic recovery. Global GDP will be the prime determinant of the oil price. You can’t predict oil price independently of the economy and I think right now people feel more optimistic that they were few months ago. Probably by 2010 we will be in recovery. I mean all stimulus money will start to impact on the economy. We think by next year we certainly will have an average price of oil well above 50 dollar per barrel.

Printable version

Add to Favorites

Send by email

RSS feed

Other articles


	09/02/2010 Avigdor Lieberman: “All complex of economical relations between Israel and Azerbaijan successfully increasing”


	09/02/2010 Altay Efendiyev appointed ambassador to Spain


	09/02/2010 Avigdor Lieberman: “I hope, we’ll be able to realize the decision on providing visa-free travel for those with diplomatic passports within a few months”


	09/02/2010 Avigdor Lieberman: “Jewish community in Azerbaijan feels comfortable, enjoying their rights and freedom of speech largely.”


	09/02/2010 Israeli Foreign Minister meets with business circles of Azerbaijan - PHOTOSESSION


	09/02/2010 Deniz Baykal: “The government’s policy regarding Armenia resulted with fiasco”


	09/02/2010 CE Secretary General: “Normalization of Armenian-Turkish ties may last 20 years”


	09/02/2010 A street in Lidice, Czechia to be named after Khojaly


	09/02/2010 Visa requirement between Azerbaijan and Israel may be cancelled


	09/02/2010 Azerbaijan’s Consul General to Los Angeles sends letter of protest to “Los Angeles Times”


	09/02/2010 Azerbaijani President receives Israeli Foreign Minister


	09/02/2010 Tbilisi hosts meeting of working group of commission on delimitation of Georgian-Azerbaijani borders


	09/02/2010 Serzh Sargsyan sends letter to Abdullah Gul


	09/02/2010 Iranian ambassador to Azerbaijan: There is no obstacle for the expansion of the relations between the two countries – INTERVIEW


	09/02/2010 Azerbaijani and Israeli Foreign Ministers hold meeting


	09/02/2010 GUAM Secretary General Valeri Chechelashvili met co-ordinator of department of European programs US State department Lasy A. Wright


	09/02/2010 Israeli Foreign Minister Avigdor Lieberman starts three-day visit to Azerbaijan - PHOTOSESSION


	09/02/2010 US based Los Angeles Times disregards Azerbaijan’s territorial integrity


	09/02/2010 Executive Director of Nixon Center: I believe that the US priorities in its relationship with Azerbaijan have not changed


	09/02/2010 US policy on Caspian Sea to be discussed in Washington


	09/02/2010 Education employees of Lachin rewarded


	08/02/2010 Speaker of Azerbaijani parliament Ogtay Asadov receives Norway’s Minister of Justice and the Police


	08/02/2010 PACE co-rapporteur Andres Herkel: “We suppose the report on Azerbaijan will be ready in July”


	08/02/2010 Azerbaijani embassy in US sends letter of protest to Prescient Worldwide Company


	08/02/2010 Representatives of Azerbaijani community in US join 31st Annual Congressional Breakfast of Jewish Community Relations Council of New York


	08/02/2010 Yuri Merzlyakov: “Azerbaijan and Armenia have not submitted their proposals yet” - EXCLUSIVE


	08/02/2010 Expert Meeting of the GUAM Member States Border Control Authorities held


	08/02/2010 US Deputy Secretary of State James B. Steinberg: “We think it’s possible to apply mixed model of national self-determination and territorial integrity in solution to Nagorno Karabakh conflict”


	08/02/2010 PACE co-rapporteurs Andres Herkel and Joseph Debono Grech visit Azerbaijan


	08/02/2010 Ahmet Davutoglu: Let those using 24 April as a factor of pressure not expect us to ratify the protocols


	08/02/2010 Israeli foreign minister Avigdor Lieberman arrives in Azerbaijan today


	08/02/2010 US Congress Working Group on Azerbaijan extended


	08/02/2010 Iranian ambassador: “Georgia and Iran are expected to cancel visa regime soon”


	07/02/2010 UEFA rectifies mistake representing Nakhchivan Autonomous Republic as the territory of Turkey


	06/02/2010 Azerbaijan President’s working visit to Germany concludes


	06/02/2010 Azerbaijan President meets with Iranian Minister of Foreign Affairs


	06/02/2010 Azerbaijani President: “We can not afford the conflict to be in such a frozen situation for another 15 years”


	06/02/2010 Azeri community in US to protest near UN main building


	06/02/2010 Azerbaijan’s President delivers remarks at Munich Security Conference


	06/02/2010 OSCE Chairman-in-Office: Kazakhstan will do its best for the solution to the protracted conflicts


	06/02/2010 Azerbaijani President Ilham Aliyev meets with Deputy Secretary of State James Steinberg


	06/02/2010 Armenia still has a chance to find a way out with honour and return Nagorno Garabagh and the occupied lands of Azerbaijan - PHOTO


	05/02/2010 President Ilham Aliyev meets with members of German-Azerbaijan Forum in Munich


	05/02/2010 Azerbaijani President and Turkish Foreign Minister meet in Munich


	05/02/2010 Special representative of OSCE Chairperson-in-Office for protracted conflicts Bolat Nurgaliyev to visit Azerbaijan


	05/02/2010 Minister: “Iran waves health certificate requirements for Azerbaijani citizens”


	05/02/2010 German Chancellor: “Azerbaijan is an important partner for Germany”


	04/02/2010 Divergence of opinions rising between Armenian Diaspora and official Yerevan


	04/02/2010 GUAM Secretary General: “Criticism against us related to great expectations from the organization”


	04/02/2010 Azerbaijani president is on working visit to Germany


	04/02/2010 Russian President Dmitry Medvedev congratulates Polad Bulbuloglu


	04/02/2010 Dmitry Medvedev invites head of CIS states to Moscow


	04/02/2010 Bureau of Congress of Local and Regional Authorities to discuss local elections in Azerbaijan


	04/02/2010 Date and agenda of Azerbaijani parliament’s next sitting known


	04/02/2010 Turkish Foreign Ministry: No one can oppose to our involvement in Karabakh problem


	04/02/2010 Deputy Foreign Minister of Azerbaijan: Serious reforms should be carried out in the Economic Cooperation Organization


	04/02/2010 46th Global Security Conference kicked off in Munich


	03/02/2010 Committee of Ministers of the Council of Europe discussed AGO group changing


	03/02/2010 Today “Ago” group to present report to CE Committee of Ministers on visits to Azerbaijan and Armenia


	03/02/2010 Indonesia to open embassy in Azerbaijan


	03/02/2010 OSCE Chairman-in-Office : “I will increase efforts to resolve the prolonged conflicts”


	03/02/2010 Vladimir Socor: Nabucco’s stagnation caused by Azerbaijan’s political alienation resulting from recent US policies on the Nagorno Karabakh conflict


	03/02/2010 US Deputy Secretary Steinberg to visit South Caucasus tomorrow


	03/02/2010 Omani foreign minister: “Everyone knows that Armenia occupied Azerbaijani territories by the military way” – INTERVIEW


	03/02/2010 Turkey launches new diplomatic attack against Armenia


	02/02/2010 President Ilham Aliyev: “We can provide ourselves and our partners worldwide with natural gas at least for 100 years” – INTERVIEW


	02/02/2010 Azerbaijani Parliament’s Speaker meets with Iranian Deputy Foreign Minister


	02/02/2010 Azerbaijani Foreign Minister thanks Iran for visa-free regime


	02/02/2010 Charge d’Affaires Donald Lu: “There is no purpose to prolong the appointment of the new US ambassador to Azerbaijan”


	02/02/2010 PACE co-rapporteur to visit Azerbaijan for the first time


	02/02/2010 Azerbaijani parliamentarians to observe second round of Ukrainian presidential elections with PACE delegation


	02/02/2010 Lala Shevket: “Musavat’s Chairman has delivered a heavy blow to the unity of the opposition” – INTERVIEW


	02/02/2010 YAP members reach half a million


	02/02/2010 Delegation of Azerbaijani parliament to observe second round of presidential elections in Ukraine


	02/02/2010 Iranian Deputy Minister: The issue of health certificates for the Azerbaijanis traveling to Iran is being discussed


	02/02/2010 Document sent to parliament by YAP covers application of ex-president’s status


	02/02/2010 Iran eases rules of trade with Azerbaijan


	02/02/2010 Iranian Deputy Foreign Mminister: “Iranian businessmen, diplomats and students feel in Azerbaijan better than other countries”


	02/02/2010 Omani Foreign Minister’s visit to Azerbaijan kicks off


	02/02/2010 US Assistant Secretary of State: US continue to believe that Turkey and Armenia now need to move forward in ratifying and implementing the documents


	02/02/2010 Joint communiqué signed between Azerbaijan and the Comoros Islands on setting up diplomatic relations


	01/02/2010 MP Elman Mammadov: “I am isolated from the events held in connection with Karabakh, refugees and internally displaced persons”


	01/02/2010 European Committee for the Prevention of Torture to hold next monitoring in Georgia


	01/02/2010 Deputy Foreign Minister of Iran Hassan Gashgavi: The decision on abolition of visa regime will not be applied to the journalists from Azerbaijan - VIDEO


	01/02/2010 Azerbaijani parliament adopts draft amendment to law on protection of historic and cultural monuments


	01/02/2010 Azerbaijani parliament discusses incident in military unit in Dashkesen region


	01/02/2010 Siyavush Novruzov: Election commissions in Azerbaijan will be re-formed after the parliamentary elections


	01/02/2010 Ambassador Elman Arasli: The Azerbaijani pilgrims wounded in armed attack near Kerbela have been discharged from hospital and placed in hotel