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Oil-rich, velvet-rope-poor Azerbaijan, a country about the size of South Carolina on the Caspian Sea, would very much like to be the world’s next party capital.
Azerbaijan has limited cultural prestige and international recognition, but it has great quantities of oil, and they are parlaying that wealth into an important geopolitical position in Central Asia. It appears that Baku has ambitions to become the next Dubai.
Tags: Azerbaijan, political, development, Central Asia, unit 4 political.
Azerbaijan is tiny about the size of South Carolina, home to 9.2 million people, it produces nothing the world wants and has no major unviversities. So why is it such a big deal? It has Oil. Back in 2006 they began pumping oil from the caspian sea and with the help of BP they now pump one million barrels of oil daily. If the proposed pipeline running from turkey to Austria is built it could bring in billions of dollars a year. Azerbijan is overwhelmingly Muslim and buys advanced weapons systems from Israel in exchange for oil, they are a new member of the UN and sided with the US against Russia on the issue of Syria. Azerbaijan is making a rise in the world all thanks to their oil goldmine
Much like Dubai they are using their oil wealth to build a city on the ocean. Also they share a border with Iran, which makes the US even more interested in the area. They also as of late have supported the US against Russia in the Syria conflict. This small, but oil rich and strategically located country is getting involved in geo-politics and want to make sure people know its on the map. Long a part of the USSR it is establishing itself as a country in the world and on its way to make its own idenity. They are also looking to lay a gas pipeline that will just increase their standing in the economy of the area and the world. They still have thier issues, Russia could flex its muscle in the area and there is the the ongoing conflict with Armenia over Nagorno-Karabakh. Going to be an interesting time in this part of the world.