International oil production in the Caspian region

Economy and Government

''The oil strategy which has been carried out during the last years has proved to be the right choice. However, this does not mean that we want to link our future just with oil. The oil factor is just a means of strengthening our independence and improving the economy of the country. We use these means for this particular purpose.” 

 

Ilham Aliyev
President of the Republic of Azerbaijan

 


Azerbaijan

 

  • Surface – 86,600 km2
  • Population – 9 million
  • Capital – Baku
  • Government – Presidential Republic
  • President – Ilham Aliyev
  • GDP 2010e - $52.1bn
  • Per capita - $5,767 or $9,953 at PPP

Azerbaijan emblem and flag

The country declared independence on 30 August 1991 and completed on 18 October of the same year