Oil History In Azerbaijan

Created By Ulfan Aliyev.Faculty : International School Of

Economics Group:1023

University Of EconomicsHistory

Oil was known to the east of Roman empire since ancient

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Oil Industry in 19th century

1837-The first oil-distilling factory on the Absheron Peninsula began operating in Balakhani.1866-Azerbaijan's first reservoir for oil storage, stocktaking and release was built near Boyuk-Shor Lake.1872-In February, a new law was issued on "The Rules for Oil Fields and Excise from Photogen Production." The law put an end to the buy-out system in Azerbaijan's oil industry.The Haji Zeynalabdin Taghiyev Oil Trade Company was established.1873-This year marked the beginning of oil well drilling on a massive scale.

In 1875 The Nobel brothers started their activities in Azerbaijan's oil industry.

Oil Magnate:H.Z.Taghiyev1886-On January 11, Haji Zeynalabdin Taghiyev gave a speech at the Baku Department of the Royal Russian Technical Society entitled "How to Get Out of the Oil Industry Crisis?" In it, he presented a clear plan for the export of Baku's kerosene. The report was so practical that it was printed and sent to all members of the society and oil manufacturers. In June, the Svet oil tanker transported Baku's kerosene from Baku to London via Batum for the first time in world history.

Baku in 19th century

Transportation Of Oil

1897-1907 The world's largest kerosene pipeline (829 verst, or 885 km, long) was built between Baku and Batum. The pipeline belonged to the Transcaucasus Railroad.

In 1898 Rothschild brothers founded the Mazut Transportation Society.

Economic Victory!In 1897- 1901 ~Baku's oil industry ranked first in the world in terms of total oil extraction, with a total of 11.5 million tons a year. At the time, the United States was only producing 9.1 million tons.

Hard Times. 1918 - In March, pogroms against Azerbaijanis were carried out by Armenians and Bolsheviks in Baku. The Ismailiyya Palace was among the many buildings burned and destroyed during that rampage, which left an estimated 12,000 civilians dead. The Palace was built by Musa Naghiyev, who was acknowledged as the wealthiest of all Oil Barons in Baku.

Red ArmyThe Red Army invasion of Azerbaijan, also known as the Sovietization or Soviet occupationof Azerbaijan, was a military campaign carried out by the 11th Army of Soviet Russia from 27 April to 11 May 1920 to install a new Soviet government in the Azerbaijan Democratic Republic, a former territory of the Russian Empire.

Thanks For Attention

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Sources1- “Monopolistic Capital In The Oil Industry Of Russia in 1914-1917” (Leningrad, !973)2- Dyanakonova , I.A. , “The Nobel Corporation in Russia” (Moscow, 1980) 3- Miri Babayev, M.F. , “ The Prizes of the Nobel family” Oil and Gas Chemistry 4 (Moscow 2001)