A lot is at stake in the presidential poll, not just for the Caspian sea state of Azerbaijan, strategically located between Russia, Georgia, Turkey and Iran, but for a much wider region.
Azerbaijan is about to become a medium-sized oil producer and construction is beginning this year on the 1760-kilometre Baku-Tbilisi-Ceyhan (BTC) pipeline, which will take Caspian sea oil to the Mediterranean. BP is the major investor. If all goes well, and the oil price remains stable, the country may be earning in excess of $500 million a year from the pipeline in three years’ time. Unsurprisingly, all the presidential candidates back the project.