The petroleum industry in Azerbaijan produces about 800,000 barrels (130,000 m3) of oil per day (as of November 2011) and 1 billion cubic meters of gas per year. 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.
Read more about Petroleum Industry In Azerbaijan: Early History, Pre-industrial Period, First Oil Boom, Revolution and Soviet Republic, "Contract of The Century" and Following Years
Famous quotes containing the word industry:
“... we’re not out to benefit society, to remold existence, to make industry safe for anyone except ourselves, to give any small peoples except ourselves their rights. We’re not out for submerged tenths, we’re not going to suffer over how the other half lives. We’re out for Mary’s job and Luella’s art, and Barbara’s independence and the rest of our individual careers and desires.”
—Anne O’Hagan (1869–?)