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Boyko Nitzov
Associate Director, Institute for Energy Economics & Policy

Dr. Boyko Nitzov, an energy economist with a diverse background in academics, business and the petroleum industry, came to the Sarkeys Energy Center in 1995 as a Visiting Fulbright Scholar from the University of National and World Economy in Sofia, Bulgaria.

Dr. Nitzov's experience includes the management of large-scale international technical aid projects, the concept development of major energy sector undertakings, project and country risk assessment, and other economic, market and policy aspects of the world energy industry.

His research focus is comparative studies in methods of pre-investment studies in the energy sector (feasibility studies, project finance structuring and project cost estimates, cost-benefit analyses, project and country risk evaluation, etc.). While at the Sarkeys Energy Center, Dr. Nitzov has developed collaborative projects with partners from Central Asia and East Europe. His contribution of expertise to important energy relationships in the Middle East, Asia-Pacific and those regions relationship with the United States and Oklahoma has been invaluable to the Institute for Energy Economics and Policy and the energy center. Through the IEEP's Pacific Economic Cooperation Council (PECC) Energy Forum Technical and Policy Center, Dr. Nitzov has applied his range of technical and scientific capabilities to large scale natural gas industry projects in Northeast and Southeast Asia. He has also participated in the evaluation of pipeline routes and LNG projects in the Asia-Pacific and Caspian Sea regions.

His career started in 1982, when he joined Chimimport, as a manager responsible for transactions in crude oil and refined products in the Black Sea and Mediterranean markets. These transactions were inclusive of all imports of these commodities to Bulgaria. After completing his postgraduate studies in 1987, during which his thesis focused on Arab oil development, Dr. Nitzov followed a dual track of academic and consulting appointments. At UNWE, he co-authored the first post-communist Bulgarian textbook in microeconomics. In 1991-92, he was a commercial attaché' with the Ministry of Foreign Trade of Bulgaria at the Embassy of Bulgaria in Tripoli.

As a consultant, Dr. Nitzov has held assignments with the PHARE Multicountry Energy Program of the Commission of the European Communities (CEC) at its program coordination bureau for the East European countries in Bucharest; subcontractors for the Synergy program of the CEC in Athens; the World Bank's environmental division for East Europe; U.S. Energy Council; and leading energy sector companies. He most recently was responsible for major parts of two U.S. Trade and Development Agency funded feasibility studies in the Caspian and Black Sea regions, and a significant part of a feasibility study funded by the World Bank for development of three large oil and gas fields in Central Asia.

Dr. Nitzov is a graduate of the Moscow State Institute for International Relations where he earned his MBA in international trade and economics in 1982. He received his Ph.D. in economics from the Bulgarian Academy of Sciences in 1987, and continued his postgraduate studies in economics, business and entrepreneurship at the University of Arizona in 1990-91.

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