Akademik Məlumat İdarəetmə Sistemi
Polityka Energetyczna, vol.28, no.2, pp.55-72, 2025 (Scopus)
Investments in the energy sector are the primary driver of its growth. Thus, trends in capital inflows in developing countries are a relevant research area. The purpose of the study is to assess investment opportunities in Azerbaijan’s oil industry while considering its role in the national economy and current state. The research examines how oil export revenues correlate with GDP growth in Azerbaijan, highlighting the industry’s significance for economic development while acknowledging the challenges of dependency on oil exports. In particular, the relationship between the level of exports in Azerbaijan and the gross domestic product (GDP) was assessed, and the elasticity of these metrics was found. This study examined the current situation both in the world in general and in Azerbaijan in particular. The study demonstrated that the investment landscape, particularly in the energy sector, has undergone a marked change, driven by economic growth and government support, particularly in regions such as Europe, the United States, and China. This surge in investment is also determined by the urgent need for the world to switch to renewable energy. The study noted that SOCAR has become the country’s leading oil supplier, accounting for most of Azerbaijan’s total crude oil exports. Developing its operations in international markets and establishing productive economic relations is one of the company’s strategic priorities. Given that oil and gas resources play an important role in Azerbaijan’s economy, the regression method revealed a close relationship between oil exports and GDP.