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Status and prospects of development of business activity in the oil industry of Azerbaijan

Author

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  • Nigar Ibragimova

    (Azerbaijan State University of Oil and Industry)

Abstract

On the basis of long-term statistics, reporting, and accounting data to analyse and evaluate the current state of the organization of business activities of the oil industry of Azerbaijan, identified reserves and proposed a number of specific recommendations for their management. With a particular focus on the improvement of innovation in business processes; conduct continuous market research on the world market; the implementation of a combined distribution channel; implementation of international standards at the refinery; implementation of the strategic decisions in the organization of commercial business; rational use of the design capacity of export pipelines; expansion of SOCAR petrol stations network in foreign countries.

Suggested Citation

  • Nigar Ibragimova, 2016. "Status and prospects of development of business activity in the oil industry of Azerbaijan," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 10, pages 17-23, October.
    • Handle: RePEc:uje:journl:y:2016:i:10:p:17-23
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