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Prior to the decline in global oil prices sinceAzerbaijan's high economic growth was attributable to rising energy exports and to some non-export sectors. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa Pipelines remain the main economic driver, but efforts to boost Azerbaijan's gas production are underway.
The expected completion of the geopolitically important Southern Gas Corridor SGC between Azerbaijan and Europe will open up another source of revenue from gas exports. First gas to Turkey through the SGC is expected in with project completion expected by Declining oil prices caused a 3.
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In latethe president approved a strategic roadmap for economic reforms that identified key non-energy segments of the economy for development, such as agriculture, logistics, information technology, and tourism. In Octoberthe long-awaited Baku-Tbilisi-Kars railway, stretching from the Azerbaijani date a fireman Vista to Kars in north-eastern Turkey, began limited service.
Bahrain has few options for covering these deficits, with low foreign assets and fewer oil resources compared to its GCC neighbors. Other major economic activities are production of aluminum - Bahrain's second biggest export after oil and gas —finance, and construction.