Petroleum industry in Azerbaijan

The petroleum industry in Azerbaijan produced about 33 million tonnes of oil and 35 billion cubic meters of gas in 2022. Azerbaijan is one of the birthplaces of the oil industry.

The State Oil Company of the Republic of Azerbaijan (SOCAR), a fully state-owned national oil and gas company headquartered in Baku, is a major source of income for the Azerbaijani government. 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.

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