UDС: 332.122:620.9:625.748.54:622.691.4 (479.24)

Hajizadeh Elshan Makhmud oglu

Prof. Dr., Azerbaijan State University of Economics

Head of the Center for Energy Economics

E-mail: elshan@hajizada.com

ORCID ID: 0000-0001-5447-9676

Abstract

The liberation of Azerbaijani territories from occupation by the Second Karabakh War led to large-scale rehabilitation and reconstruction works here. Priorities have been set in this direction, and as a result of the new classification, which will ensure integrative development in the region, new economic regions called Karabakh and Eastern Zangezur have been created. The first measures in the liberated territories were carried out in the field of restoration and reconstruction of infrastructure, as well as in the field of electric power, petroleum products and gas supply. The region's possession of a large green energy potential served as the basis for the creation of a separate “Green Energy Zone" here. The implementation of all these works in the strategic plan, along with government measures, also gave relevance to the conduct of relevant scientific research. Based on this relevance, the article examines the system of indicators of the liberated territories, provides a statistical analysis of the work done in the field of energy reconstruction of the region. The analysis and assessments carried out showed that large-scale measures for the restoration and reconstruction of the energy system were carried out in these economic areas characterized by efficiency. Now the work in this direction has moved to a new stage. The energy concept of the region can practically be said to revolve around the parameters of the “Green” economy. Ensuring greater progress and long-term prospects for these works has led to their implementation within the framework of the relevant state program.

Keywords: Karabakh economic region, East Zangazur economic region, energy system, oil products, gas supply.

JEL Classification Codes: L94, L95, O4, R11