(together with Z.S.Abdullaev).

Baku: Elm (Science), 2003. 511 pages.

ISBN 5-8066-1577-4.

It is signed in a seal 21.08.2003. Format 60 x 84¹/₁₆.

Volume 32,0 pp. Circulation 300.

The scientific editor:  corresponding member

                               of Azerbaijan National Academy of Sciences,

                               the doctor of economic sciences, professor     A.F.Musaev

Reviewers:                the doctor of economic sciences, professor    A.B.Abbasov

                               the doctor of technical sciences, professor      D.M.Mahmudov

The beginning exploration of great perspective hydrocarbon resources in theCaspian Seahave laid the base of the new age of reviving of the National Economy and creating the oil-strategy in the republic. On the frazme of the new geopolitical situation, the started reforms in the oil is now getting the active stage. In this connection the demand of actual increase of the elaboration on the scientific bases in grounds in economical modernization in the oil-field economy of the republic. The authors of the monography carried out the corresponding researches and analyses for the further reforming of oil and gas complex of the country and modified its economical system. Alternative market mechanizm in improvement are proposed for this economical reforms for the further rational management of the economy in research works in elaboration in the field regulated. For more rational management of economy in this work the priority conception of management and state field regulation of the field the alternative marketing mechanism in the system of modifying of the stated economic reforms have been recomended.

To achieve the intended goals carried out their own calculations in the context of comparative and correlation analyses. The fields of show and perspective peculiarities of hydrocarbon age, the significance of oil and gas, geoeconomical aspects of their distribution in the world have been studied. The retrospective survey oil and gas industry of Azerbaijan, the role of the national Azerbaijan, strategy in strengthening and improvement of the profitability of the complex have done. The paper also sows the ways for future of sustaynable development that guarantees the economic rise, elaboration of the new principles of economy, the institutional reforms, formining of the energy doctrine, industrial policy and conception of an efficient utilization of increasing gas potential.

The pecularities of efficiency in the national reforming of the oil industry, creation of more efficient investment climate, involwement of national rational utilization of the owner, rational utilization of petrol fund in supplying of the efficiency rate of the field as well as existing national and state interest as well as it is based on the necessity of change in SOCAR changing it real corporative fundament in full vertical-integrating base organization. The exact scientific-practical suggestions of the fiscal policy, applying innovational achievements and other progressive economical technologies has been also stated.

Monography consist of 4 parts and 12 chapters. For more explanation of the field technical volumable vocabulary specific term is presented.

The obtained results can be used not only further modification of the oil and gaz complex but also as in carring out wider researches in this field, preparation of oil and gaz literature and trainig appliances.