Gas Exporting Countries Forum Logo
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • RSS Feeds
  • Search
    Search

AzerbaijanAzerbaijan Observer

The City of Baku is the capital and the country’s largest city and the national language is Azerbaijani. Azerbaijan shares borders with Iran (765 km), Turkey (15 km), Russia (390 km), Georgia (480 km) and Armenia (1007 km). The eastern shores of the country are washed by the waters of the Caspian Sea.
The exclave of Nakhchivan is an autonomous republic of Azerbaijan, located in the southern part of the Transcaucasian plateau. It is bordered by Armenia to the north and east, Iran to the south and west, and Turkey to the west. The republic, which is mostly mountainous except for a plain in the west and southwest, lies to the east and north of the middle Aras River, which forms the frontier with Iran and Turkey.

60 percent of the territory of Azerbaijan contains mountainous terrains. The principal geomorphological structures of the Azerbaijani Republic-the Greater Caucasus, the Lesser Caucasus (with Garabagh plateau) and Talysh Mountains surround the Kur-Araz lowland in the north, west, and southeast. The Nakhichevan Autonomous Republic is situated in the mid-course of the River Araz and within the boundaries of the Zangezur and Daralayaz mountain ranges, edged by the river.

The President of the Republic of Azerbaijan is H.E Mr. İlham Aliyev. The Prime Minister is Mr. Novruz Mammadov and Minister of Energy is Mr. Parviz Shahbazov.

Through the decades, the local industry was successfully represented by oil producing, petrochemical and oil processing enterprises and Azerbaijan’s agricultural industry is famous for cotton-growing, viticulture, vegetable growing, and cattle-breeding.
Oil flows through the veins of Azerbaijan. The oil and gas resources of Azerbaijan have made the country world-renowned.

Azerbaijan is currently involved in the implementation of huge energy projects. Oil and gas projects are successfully implemented in the Azeri Caspian sector. Azerbaijan is crucial to the economy of the Caspian and Caucasian regions, particularly in the development of the transport infrastructure in the Caucasus and the implementation of energy projects. It was the region's first country to explore its huge energy potential, to form a new economic model in the regional development, and to expand political and economic relations between Europe and Asia.

Azerbaijan is a member of the United Nations (UN), the Organization of Security and Cooperation in Europe (OSCE), the Council of Europe (CE), the Commonwealth of Independent States (CIS), GUAM and the Black Sea Economic Collaboration (BSEC). Azerbaijan also actively cooperates with the European Union, NATO, the International Monetary Fund, the European Bank for Reconstruction and Development, the Islamic Development Bank and other organizations. It accedes to the new joint documents and international agreements.

Major Indicators

Land (1000 sq. km) 86.6
Head of State İlham Aliyev
Population 10,014,412 (2019-07-01)
Capital Baku
Language(s) Azerbaijani (official)
National currency Azerbaijan manat (AZN)
Energy sources Petroleum, natural gas
GDP per capita (current US$) 4,721.2 (2018)
GDP (current billion US$) 46.94 (2018)
GDP growth % 1.4 (2018)
Value of exports (billion $) 19.5 (2018)
Value of oil exports (billion $) 15.7 (2018)
Value of gas exports (billion $) 1.5 (2018)
Current account balance (BoP, billion $) na
Proven crude oil reserves (billion barrels) 40 (2018)
Crude oil production, NGPL and other liquids (1,000 b/d) 790 (2018)
Refinery capacity (1,000 b/d) na
Production of refined petroleum products (1,000 b/d) 145.0 (2018)
Consumption of petroleum products (1,000 b/d) 81.5 (2018)
Crude oil exports (1,000 b/d) 626.0 (2018)
Exports of refined petroleum products (1,000 b/d) 4.0 (2018)
Proven natural gas reserves (trillion cu. m.) 2.6 (2018)
Natural gas exports (billion cu. m.) 8.4 (2018)
Domestic Dry Natural gas consumption (billion cu. m.) 10.8 (2018)
Marketed production of natural gas (billion cu. m.) 19.2 (2018)

Location

  • Share
  • Share Facebook
  • Share Twitter
  • Share LinkedIn
  • Share Email