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Forecasting of oil and gas extraction in Azerbaijan on the basis of Hubbert’s model
Journal: The Journal of Economic Sciences: Theory and Practice (Vol.71, No. 1)Publication Date: 2014-07-15
Authors : Gorkhmaz Imanov; Yadulla Hasanli;
Page : 40-52
Keywords : Oil and gas production; Hubbert model; econometric modeling.;
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Abstract
In work the Hubbert’s model of oil and gas production is investigated. Using the applicable statistical data, econometric models of oil and gas extraction in Azerbaijan are valued. Further,
on the basis of the models constructed for Azerbaijan the oil and gas extraction bulk is predicted.
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