The role of the national oil strategy in the strengthening and development of independent statehood

Abstract

The main goal of the article is to analyze the role of the national oil strategy in the strengthening and development of the independent statehood of Azerbaijan in the modern period. It is noted that Azerbaijan has been famous for its oil since ancient times. It is no coincidence that the phrase “land of fires”, embodied in the name of Azerbaijan, also appeared here. The article notes that with the implementation of the “Contract of the Century” signed in 1994 on the joint exploitation of oil fields in the Azerbaijani sector of the Caspian Sea with large companies from the leading countries of the world, the foundation of the oil strategy of independent Azerbaijan was laid.