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Azerbaijan, officially the Republic of Azerbaijan, is a transcontinental country at the boundary of Eastern Europe and West Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia's republic of Dagestan to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city.
The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic growth over the period 1995–2014. Since 2014, GDP growth has slowed down substantially.
Baku is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and in the Caucasus region. Baku is 28 metres (92 ft) below sea level, which makes it the lowest lying national capital in the world and also the largest city in the world below sea level. Baku lies on the southern shore of the Absheron Peninsula, on the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area.
In ancient times, Maldives were renowned for cowries, coir rope, dried tuna fish, ambergris (maavaharu) and coco de mer (tavakkaashi). Local and foreign trading ships used to load these products in the Maldives and bring them abroad.
The Baku–Tbilisi–Ceyhan (BTC) pipeline is a 1,768 kilometres (1,099 mi) long crude oil pipeline from the Azeri–Chirag–Gunashli oil field in the Caspian Sea to the Mediterranean Sea. It connects Baku, the capital of Azerbaijan and Ceyhan, a port on the south-eastern Mediterranean coast of Turkey, via Tbilisi, the capital of Georgia. It is the second-longest oil pipeline in the former Soviet Union, after the Druzhba pipeline. The first oil that was pumped from the Baku end of the pipeline reached Ceyhan on 28 May 2006.
Islam is the majority religion in Azerbaijan, but the country is considered to be the most secular in the Muslim world. Estimates include 97.3% and 99.2% of the population identifying as Muslim. Of these, a majority belong to the Shia branch (60%-65%), while a significant minority (35%-40%) are Sunni. Traditionally, the differences between these two branches of Islam have not been sharply defined in Azerbaijan.
Shah Deniz gas field is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately 70 kilometres (43 mi) southeast of Baku, at a depth of 600 metres (2,000 ft). The field covers approximately 860 square kilometres (330 sq mi). Stretching out over 140 square kilometres, the reservoir is similar in size and shape to Manhattan Island.
Azeri–Chirag–Gunashli or Azeri–Chirag–Deepwater Gunashli is a complex of oil fields in the Caspian Sea, about 120 kilometres (75 mi) off the coast of Azerbaijan. It consists of the Azeri and Chirag oil fields, and the deepwater portion of the Gunashli oil field. An overall estimate of the area of the development is 432.4 square kilometres (167.0 sq mi). It is developed by the Azerbaijan International Operating Company, a consortium of international oil companies, and operated by BP on behalf of the consortium. The ACG fields have estimated recoverable reserves of about 5 to 6 billion barrels of petroleum. Peak oil production of 885,000 barrels per day (140,700 m3/d) was reached in 2010. However by the first quarter of 2024 production had fallen to 339,000 barrels per day (53,900 m3/d), or approximately one-third of peak value, as the development continued terminal decline. As of 2021, ACG oil accounted for 95% of all Azerbaijani oil exports.
Christianity in Azerbaijan is a minority religion. Christians who estimated between 280,000 and 450,000 (3.1%–4.8%) are mostly Russian and Georgian Orthodox. There is also a small Protestant Christian community which mostly came from Muslim backgrounds. Due to the very hostile relations between Azerbaijan and Armenia, Armenian Christians have practically entirely fled the country, and so the Christians in Azerbaijan are members of various other groups, mostly Russians.
The Baku–Tbilisi–Kars (BTK), or Baku–Tbilisi–Akhalkalaki–Kars railway (BTAK), is a railway connecting Azerbaijan, Georgia and Turkey, which became operational on 30 October 2017 following several years of delays. The project was originally due to be completed by 2010, but was delayed to 2013, 2015, 2016, and, following a fifth trilateral meeting in February 2016, foreign ministers of the three countries announced that the railway would finally be completed in 2017.
The Caspian Sea is the world's largest inland body of water, often described as the world's largest lake and sometimes referred to as a full-fledged sea. An endorheic basin, it lies between Europe and Asia: east of the Caucasus, west of the broad steppe of Central Asia, south of the fertile plains of Southern Russia in Eastern Europe, and north of the mountainous Iranian Plateau. It covers a surface area of 371,000 km2 (143,000 sq mi), an area approximately equal to that of Japan, with a volume of 78,200 km3 (19,000 cu mi). It has a salinity of approximately 1.2%, about a third of the salinity of average seawater. It is bounded by Kazakhstan to the northeast, Russia to the northwest, Azerbaijan to the southwest, Iran to the south, and Turkmenistan to the southeast.
Azerbaijan–Pakistan relations refer to bilaterial relations between the Republic of Azerbaijan and the Islamic Republic of Pakistan. Pakistan has an embassy in Baku and Azerbaijan has an embassy in Islamabad. Both countries are enhancing contact between their respective capitals. The two nations are considered "strategic partners".
Azerbaijan–Japan relations are the bilateral relations between the Republic of Azerbaijan and Japan in the political, socio-economic, and cultural fields.
Two-thirds of energy in Azerbaijan comes from fossil gas and almost a third from oil. Azerbaijan is a major producer of oil and gas, much of which is exported. Most electricity is generated by gas-fired power plants. Energy is all types of energy products, including fuel, renewable energy, water energy, electrical and heat energy.
The Ministry of Economy of Azerbaijan Republic is the central executive body responsible for implementing state policy and regulation of the economy in Azerbaijan.
AccessBank is a bank headquartered in Baku, Azerbaijan, that operates as a financial institution within the banking sector of the country. It has a network of over 32 branches across Azerbaijan, offering various banking services to individuals and businesses.
Nootsara Tomkom is a Thai volleyball player currently playing for the San Diego Mojo of the Pro Volleyball Federation. Widely regarded as one of the best setters in international volleyball, Tomkom has been selected to play for the Thailand women's national volleyball team over 50 times.
The Greeks in Azerbaijan have not formed a large community in comparison to those in neighbouring Georgia and Armenia. It was composed mainly of Pontic Greek immigrants from the Ottoman Empire.
The economic history of Azerbaijan covers the development of the country's economy from its incorporation into the Russian empire at the beginning of the 19th Century, through the period of independence under the Democratic Republic (1918-1920), as part of the Soviet Union (1920-1991) and subsequent transition to the Republic of Azerbaijan.
Azerishiq is the Baku electrical grid operator.
References
- 1 2 Asian Development Bank, "Poverty in Azerbaijan", Asian Development Bank , Manila, 13 February 2020. Retrieved on 13 February 2020.
- ↑ Special Correspondent, "Poverty, repression in shadow of Azerbaijan's shiny new skyline", France24 , Baku, 8 April 2019. Retrieved on 13 February 2020.
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