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Economy

Mineral deposits, oil and gas, industry and production — the economic strength of the Turkic states.

Resources and production

EconomyBaku oilOne of the world's oldest oil regions: a well drilled at Bibi-Heybat in 1846 and half of world output at the start of the 20th century.Azerbaijan
EconomyNeft Daşları (Oil Rocks)A settlement built on trestles in the Caspian, where the world's first offshore oil field went into production in 1949.Azerbaijan
EconomyThe "Contract of the Century", ACG and Shah DenizThe 1994 oil deal that opened Caspian fields to global companies; Shah Deniz gas now flows to Europe.Azerbaijan
EconomyBaku–Tbilisi–Ceyhan pipelineA 1,768-km pipeline carrying Caspian oil via Georgia to Türkiye's Mediterranean coast, in operation since 2006.Azerbaijan
EconomySouthern Gas CorridorA pipeline system carrying Shah Deniz gas via Georgia, Türkiye and Greece to Italy, supplying Europe since 2020.Azerbaijan
EconomyMineral resources of AzerbaijanBeyond oil and gas: Dashkasan iron ore, Gadabay gold, Zaylik alunite, Naftalan's healing oil and mineral waters.Azerbaijan

Entrepreneurs and philanthropists

PersonHaji Zeynalabdin TaghiyevOil millionaire and philanthropist (1838–1924) who opened the first secular school for girls in the Muslim East.Azerbaijan

Did you know?

In 1901 more than half of the world's oil came from Baku.
Baku oil →

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