Azerbaijan - oil, gas and energy. Azerbaijan, the oldest known oil producing region in the world, experienced an oil boom at the beginning of the 20th century and later served as a major refining centre in the former Soviet Union. Oil production peaked at about 500,000 barrels per day during World War II, then fell significantly after the 1950s as the Soviet Union redirected resources
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Get PriceThe petroleum industry in Azerbaijan produces about 873,260 barrels of oil per day and 29 billion cubic meters of gas per year as of 2013. Azerbaijan is one of the birthplaces of the oil industry.Its history is linked to the fortunes of petroleum.It is poised to become an important oil and gas producer once again.
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