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Economy · Azerbaijan

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.Read more →
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.Read more →
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.Read more →
EconomyBaku-Tbilisi-Ceyhan pipelineA 1,768-km pipeline carrying Caspian oil via Georgia to Türkiye's Mediterranean coast, in operation since 2006.Read more →
EconomySouthern Gas CorridorA pipeline system carrying Shah Deniz gas via Georgia, Türkiye and Greece to Italy, supplying Europe since 2020.Read more →
EconomyMineral resources of AzerbaijanBeyond oil and gas: Dashkasan iron ore, Gadabay gold, Zaylik alunite, Naftalan's healing oil and mineral waters.Read more →

Entrepreneurs and philanthropists

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

Did you know?

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