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Baku Oil Fields
From Wikipedia, the free encyclopedia
The Baku oil fields were created during the time of the Soviet Union by the Neftciler, which means Oil Workers in Azerbaijani. The oil fields produced more than 90% of the world's oil for over 100 years, from approximately 1830 to 1930. In the 20th century, the Baku oil fields still were the dominant oil producters in the world, producing over 60% of the world's oil.
During World War II, Hitler wanted to conquer these oil fields, and the Battle of Stalingrad was fought over the Baku Oil Fields.
After the collapse of Soviet Union, foreign companies were allowed to invest in Azerbaijani oil, which resulting the in creation of SOCAR, a governmental oil company.
Today, the government of Azerbaijan is focusing on a cleaner and more efficient methods for producing oil. One such project is the Baku-Tbilisi-Ceyhan pipeline, also known as the "Contract of the Century". The BTC is the world second longest oil pipeline. New plans are to add Kazahstan to the strategy.
- Azerbaijan
- Pipeline transport
- Azeri
- Geostrategy in Central Asia
- Nagorno-Karabakh
- Treaty of Kars
- Baku
- Petroleum politics
- Foreign relations of Turkey
- Accession of Turkey to the European Union
- Southeastern Anatolia Project
- Ilisu Dam Campaign
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