THE ROLE OF AND GAZ RESOURCES IN ENUSIRING SOCIO-ECONOMIC DEVEL-OPMENT OF THE REPUBLIC OF AZERBAIJAN

Abstract The article is devoted to the analysis of the role of oil and gas resources in ensuring sustainable socio-economic development of the Republic of Azerbaijan in light of changes in the world oil market. In recent years, the economy of Azerbaijan has continued to grow against the backdrop of complex processes in the world economy, demonstrating stability and sustainability. The implemented economic reforms allowed us to adequately respond to the risks and problems of the potential external environment. As a result of the successful policy, the resource potential of the fuel and energy complex of the Republic of Azerbaijan has become an important factor in sustainable economic development.