Azerbaijan oil industry and development stages

The aim of the subject is to review the scientific innovations that encourage the development of the oil and gas industry in the country and to use the theoretical issues that scientists say in this field by systematizing the subject information. The main task facing the country's oil and gas complex is to strengthen the success of the oil strategy and ensure a more complete satisfaction of the economy and the population's demand for energy resources. To fulfill this important task, the State Program for the Development of the Fuel and Energy Complex of the Republic of Azerbaijan (2005-2015) will continue to implement defined measures for the development of areas covered by this complex and specific measures for their implementation. New qualitative changes have been made in the study of common economic problems in the oil and gas industry with the acquisition of independent state status in Azerbaijan. The disintegration of the old economic and ideological system and its replacement with the market economy on the basis of liberal values paved the way for more suitable solutions to the problem. Now it is waiting for more strategic, forward-thinking, scientifically challenging solutions, extensive research and practical applications. In this context, basic priorities such as efficiency, stability, economic growth in old oil fields, rational use of potential and resources, financial power, increasing economic flexibility, establishing new market relations in the field, determining methodological aspects for oil production and general industry require examination of the research subject. For this reason, the aim of the "Azerbaijan oil industry and its stages of development" is to examine the Azerbaijani oil industry.