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
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“No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.”
—Thomas Henry Huxley (1825–95)