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. 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. 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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