Petroleum Industry In Azerbaijan
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Petroleum Industry In Azerbaijan
The petroleum industry in Azerbaijan produces about of oil per day and 29 billion cubic meters of gas per year as of 2013. Azerbaijan is one of the birthplaces of the oil industry. The State Oil Company of Azerbaijan Republic (known as SOCAR) is fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. SOCAR is a major source of income for the government of Azerbaijan. The company is run in an opaque manner, as it has complex webs of contracts and middlemen that non-government watchdog organizations say have led to the enrichment of the country's ruling elites. First oil boom In 1871, Ivan Mirzoev, an ethnic Armenian who was then an ''otkupchina'' monopolist, built the first wooden oil derrick followed by another the next year. Drilling was conducted primitively with a balance arm, whim and manual pump. Early history There is evidence of petroleum being used in trade as early as the 3rd and 4th centuries. Information on the production of oil on ...
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Marco Polo
Marco Polo (, , ; 8 January 1324) was a Venetian merchant, explorer and writer who travelled through Asia along the Silk Road between 1271 and 1295. His travels are recorded in ''The Travels of Marco Polo'' (also known as ''Book of the Marvels of the World '' and ''Il Milione'', ), a book that described to Europeans the then mysterious culture and inner workings of the Eastern world, including the wealth and great size of the Mongol Empire and China in the Yuan Dynasty, giving their first comprehensive look into China, Persia, India, Japan and other Asian cities and countries. Born in Venice, Marco learned the mercantile trade from his father and his uncle, Niccolò and Maffeo, who travelled through Asia and met Kublai Khan. In 1269, they returned to Venice to meet Marco for the first time. The three of them embarked on an epic journey to Asia, exploring many places along the Silk Road until they reached Cathay (China). They were received by the royal court of Kublai Khan, ...
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Baku Khanate
Baku Khanate ( fa, خانات باکو, Khānāt-e Baku), was an autonomous Muslim khanate under Iranian suzerainty, which existed between 1747 and 1806. Originally a province of Safavid empire, it became practically independent after the assassination of Nader Shah and weakening of central authority in Iran due to the struggle for power. Its territory now lies within present-day Azerbaijan, History During the Russo-Persian War (1722-23), Baku, which was previously in Safavid possession, was occupied by Russian troops. However, when they heard of Nader Shah Afshar's military successes in Persia, and of the threat, he posed to Russia, they agreed to cede Baku to Persia again in 1735. The Shah appointed Mirza Muhammad Khan I, son of the influential tribal chief Dargah Quli Khan (who descended from Afshari Qizilbash who were granted lands near Baku in 1592), to become a feudal Khan. At this point, the Khan was practically and officially a vassal of the Persian Shah; howev ...
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