Azerbaijan

Azerbaijan remains largely insulated from the current global energy crisis, benefiting significantly from its status as an oil and gas producer with no oil import dependency or Hormuz exposure. Domestic gasoline prices are exceptionally low at $0.62/L, and the country boasts substantial fuel reserves for 365 days, ensuring stable supply. While fertilizer costs have risen by 15%, food security risk remains low, indicating robust internal stability. The outlook for Azerbaijan is positive, as high global oil prices continue to bolster its economy and energy security in the coming weeks.