Ministry of Energy (Azerbaijan)
|Azərbaycan Respublikasının Energetika Nazirliyi|
Coat of arms of Azerbaijan
|Formed||April 18, 2001|
|Headquarters||88 H.Zardabi Street, Baku, Azerbaijan Republic AZ1012|
The Ministry of Energy of Azerbaijan Republic (Azerbaijani: Azərbaycan Respublikasının Energetika Nazirliyi) is a governmental agency within the Cabinet of Azerbaijan in charge of regulating the activities in the industry production and energy sector of Azerbaijan Republic. The ministry is headed by Natig Aliyev.
The ministry was established according to the Presidential Decree No. 458 on April 18, 2001. Functions and obligations of the ministry were stipulated in the Presidential Decree No. 575 dated September 6, 2001. The statute of the ministry was approved by the Azerbaijani Parliament on May 15, 2006.
The ministry regulates the activities in the production and energy production complex. These activities include upstream and downstream activities, exploration and development of fields, operations of oil and gas refineries, power and heat generation, its supply and distribution through the networks, and so forth. The State Oil Company of Azerbaijan (SOCAR), Azerkimya State Company, Azerigas Company, Azerenerji JSC, Azneftkimyamash JSC are all part of the complex. Main functions of the ministry are determination of prospective niches are preparation of state and regional programs to develop them, ensuring their realization; forecasting of production of various energy products; participation in international cooperation agreements in certain areas of energy sector; supervision of activities enforcing energy sector norms and laws; creation of friendly conditions for external and domestic investments in the sector; issuing of licenses; ensuring the sufficient supply of energy products in domestic markets; research and development in the sphere of energy; application of international standards and expertise within the country; preparation of activities directed at decreasing the potential losses during production, transportation, distribution and exploitation of energy resources; preparation of programs ensuring energy security of Azerbaijan Republic; ecological security assurance, etc.
The Ministry of Industry and Energy of Azerbaijan Republic has agreements and cooperates with European Energy Charter, Organization of the Black Sea Economic Cooperation, Executive Committee of the CIS Energy Council, Organization for Economic Cooperation, US Agency for International Development, European Commission of European Union (INOGATE, TACIS, TRACECA), UN Economic Commission for Europe (UNECE), International Atomic Energy Agency, Coordination Council for the development of oil transportation corridor within the framework of GUAM, World Trade Organization, Work Group for cooperation with NATO, Special Work Group of the UN Economic and Social Council, International Monetary Fund, World Bank, European Bank for Reconstruction and Development, German KFW Bank, Islamic Development Bank, Asia Development Bank, Japanese Bank for International Cooperation.
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- "Sənaye və Energetika Nazirliyi" [Ministry of Industry and Energy]. Retrieved 2010-11-12.
- "THE MINISTRY OF ENERGY AND INDUSTRY OF THE REPUBLIC OF AZERBAIJAN". Retrieved 2010-11-12.