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  1. 2,300,500. • Density. 1,100/km 2 (2,800/sq mi) Baku Economic Region (Azerbaijani: Bakı Iqtisadi Rayonu (BIR)) is one of the 14 economic regions of Azerbaijan. It borders the economic region of Absheron-Khizi to the west and Caspian Sea to the east. The region consists of the city district of Baku, the capital of Azerbaijan. [2]

  2. Economic regions of Azerbaijan are 14 regions of the Republic of Azerbaijan characterized by a certain economic and geographical position, territorial and economic unity, the diversity of natural and economic conditions and industrial specialization.

    • Industry
    • Agriculture
    • Tourism
    • Construction
    • Metallurgy
    • Transportation
    • Consumption
    • Pipelines

    Heavy industry

    Baku's main branches of heavy industry include oil and gas extraction, shipbuilding, steelmaking, mechanical engineering, and chemical manufacturing. The city also manufactures equipment for local and international oil and gas extraction, including a deep foundation plant in Sahil, and engineering plant in Keshla and clay and steel plants in Binagadi. The Baku Steel Company meets local demand for casting imported steel. It has two electric arc furnaces and three rolling lines, with an annual...

    Light industry

    Clothing is an important part of Baku's light industry, in addition to shoe and leather plants. Baku-Glass produces bottles for juice and alcoholic beverages, and Baku Sewing House manufactures coats, jackets, suits and casual clothing. Caucasus Paper Industry is one of the largest producers of cleansing and hygienic paper in Azerbaijan and the South Caucasus.

    Mining

    Oil production decreased by 6.2 percent from 2016 to 2017, and commercial gas production decreased by 2.2 percent. Total 2017 oil production was m2,469.2 million, a 9.2-percent decrease from January to November of the previous year. Petrol production increased by 4.7 percent, petroleum coke by 6.8 percent, bitumen by 22.7 percent, and lubricating oil by 370 percent. Diesel-fuel production decreased by 20 percent, mazutfuel oil by 42.6 percent, and white petrolatum by 6.9 percent.

    Baku's agricultural sector has been developed in the city's suburbs. Due to its semi-desert, dry-steppe climate, olives, pistachios, almonds and saffron are also grown.

    Baku, the capital of Azerbaijan, receives 2.5 million tourists a year. According to Ilya Umansky, vice president of the Association of Tour Operators of Russia, Baku has become a more popular tourist destination in recent years. Tourism in the city of Baku, Azerbaijan. Tourism in Baku

    The new Baku Higher Oil School campus, the new Narimanov District Court administrative building, a bridge in Pirallahı raion, the Pirallahi Solar Power Plant, the Balakhani Industrial Park, the Baku–Tbilisi–Kars railway, the Pirshagi-Novkhani road and the Binagadi-Novkhani-Corat highway were completed between January and November 2017. Almost three...

    Baku is considered one of the country's largest metallurgy centers due to the availability of scrapmetal, local energy resources (oil and natural gas) and a large, well-trained labor force. The city produces non-ferrous and ferrous metals.

    Baku's transportation system consists of the Baku Metro, buses, and taxis. According to data from January to November 2017, freight transport by road increased by 1.6 percent over 2016 to 5,3021.2 thousand tons. Passenger transportation increased by 0.1 percent, to 623,024.1 thousand passengers. The number of metro passengers increased by 5.3 perce...

    From January to November 2017, the cost of consumer products and services in Baku increased 2.2 percent over the same period of 2016 to m21,964.1 million. Non-governmental goods and services made up 95.6 percent of the total; retail goods and services in this sector increased by 1.7 percent over the previous year, to m21,001.3 million.

    The Baku-Novorossiysk, Baku-Supsa (Georgia) and Baku-Tbilisi-Ceyhan(Turkey since 2006) pipelines originate in Baku and transport Azerbaijani oil to the global market.

  3. Economy of Azerbaijan. All values, unless otherwise stated, are in US dollars. The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan Pipeline.

  4. en.wikipedia.org › wiki › BakuBaku - Wikipedia

    Together with Baku Party Committee (known as the Baksovet), it developed the economic significance of the Caspian metropolis. From 1922 to 1930 Baku became the venue for one of the major trade fairs of the Soviet Union, serving as a commercial bridgehead to Iran and the Middle East.

  5. Baku Economic Region (Azerbaijani: Bakı iqtisadi rayonu) is one of the 14 economic regions of Azerbaijan. It borders the economic region of Absheron-Khizi to the west and Caspian Sea to the east. The region consists of the city district of Baku , the capital of Azerbaijan. [2]

  6. The Baku Economic Region is the country’s commercial and industrial heart, with key sectors including oil and gas extraction, refining, information technology, and tourism.