Petroleum industry in Azerbaijan

The petroleum industry in Azerbaijan produces about 873,260 barrels (138,837 m³) of oil per day and 29 billion cubic meters of gas per year as of 2013.^[1] Azerbaijan is one of the birthplaces of the oil industry.

The State Oil Company of Azerbaijan Republic (known as SOCAR), a fully state-owned national oil and gas company headquartered in Baku, Azerbaijan, is a major source of income for Azerbaijani government.^[2] The company is run in an opaque manner, as it has complex webs of contracts and middlemen that non-government watchdog organizations say have led to the enrichment of the country's ruling elites.^[2]

^ SOCAR, Azerbaijan's oil and gas production
^ ^a ^b Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 114–120. ISBN 978-0-231-80141-6.

[1] SOCAR, Azerbaijan's oil and gas production

[:12-2] Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 114–120. ISBN 978-0-231-80141-6.

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