Abstract

The role and importance of the multiplier effects of oil and gas resources in the formation, development and creation of new capital has always been high. This reality has the same value for the Republic of Azerbaijan, which traditionally has abundant oil and gas resources. From this point of view, the role and importance of oil and gas resources in the formation and development of the economy of Azerbaijan has become the subject of research in the article. The analysis once again proves that in the near and medium term, as before, the oil and gas resources of the republic will be important in its economic and social life, and it will maintain its investment role for a long time.

Keywords: Republic of Azerbaijan, oil, gas, oil strategy, economic growth

229.The role and importance of oil and gas resources in the formation and development of the Azerbaijani economy. Materials of the International Scientific Conference “New quality stage of Sustainable Development” dedicated to the 80th anniversary of Academician Ziyad Samadzade. Institute of Economics of the Ministry of Science and Education, Union of Economists of Azerbaijan. Baku: Science. 2022. s. 319-328. 1,0 pp.