Problems and prospects of organisation of oil and gas processing industries in Azerbaijan

Aliev Sh.T.1, Lachinov E.T.1
1 Сумгайытский Государственный Университет

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Journal paper

Russian Journal of Entrepreneurship *
Volume 18, Number 5 (March 2017)
* Этот журнал не выпускается в Первом экономическом издательстве

Citation:

Aliev, S. T., & Lachinov, E. T. (2017). Problems and prospects of organisation of oil and gas processing industries in Azerbaijan. Russian Journal of Entrepreneurship, 18(5), 703-710. https://doi.org/10.18334/rp.18.5.37583

Abstract:
The article studies the problems and prospects of organisation of oil and gas processing industries in Azerbaijan. Azerbaijan is an oil-rich country, and in recent years, we may see the increase in natural gas production. The urgency of the need to review the effective organization of oil and gas processing system, including the development of a petrochemical complex in the country increases every year in the context of oil price volatility in world markets. The article provides the authors’ assessments of processes of petroleum refining and petrochemical complex in Azerbaijan within the main problems of development of these sectors under current conditions. We consider the main trends and prospects of the intensification of development of oil and gas processing industries through the expansion of a petrochemical complex in the country in the short term. The article is dedicated to the 55th anniversary of the Sumgayit State University.

Keywords: natural gas, azerbaijan, petroleum, oil and gas refining industries, petrochemical complex in Azerbaijan

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References:

Aliev Sh.T. (2012). Napravleniya rekonstruktsii i otsenki khimicheskogo i neftekhimicheskogo kompleksa Azerbaydzhana [Trends in reconstruction and assessment of Azerbaijan chemical and petrochemical complex] Baku: Nauka i obrazovanie. (in Russian).
Aliev Sh.T. (2010). Voprosy razvitiya khimicheskoy promyshlennosti Azerbaydzhanskoy Respubliki [Issues of development of chemical industry of the Republic of Azerbaijan]. Khimicheskaya promyshlennost segodnya. (8). 5-9. (in Russian).
Braginskiy O.B. (2014). Sovremennoe sostoyanie i tendentsii razvitiya mirovoy i otechestvennoy neftegazokhimicheskoy promyshlennosti [Present status and trends in development of domestic and global Petrochemical Industry] Moscow: Izdatelstvo INP RAN. (in Russian).

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