The government has largely completed privatization of agricultural lands and small and medium-sized enterprises.
In August 2000, the government launched a second-stage privatization program, in which many large state enterprises will be privatized.
Azerbaijan has concluded 21 production-sharing agreements with various oil companies.
An export pipeline that transports Caspian oil to the Mediterranean from Baku through Tbilisi, Georgia to Ceyhan, Turkey (the Baku-Tbilisi-Ceyhan Pipeline) became operational in 2006.
Jewish Dating Site "Shalom" - is an excellent opportunity to get acquainted with the new friends and to get know them - for friendship, correspondence, love, creation of the high-quality Jewish family, based on true Jewish values and traditions.Proven oil reserves in the Caspian Basin, which Azerbaijan shares with Russia, Kazakhstan, Iran, and Turkmenistan, are comparable in size to the North Sea, although exploration is still in the early stages.Azerbaijan has the largest agricultural basin in the region.The national currency, the Azerbaijani manat, was stable in 2000, depreciating 3.8% against the dollar. Progress on economic reform has generally lagged behind macroeconomic stabilization.
The government has undertaken regulatory reforms in some areas, including substantial opening of trade policy, but inefficient public administration in which commercial and regulatory interests are co-mingled limit the impact of these reforms.
People visit petroleum spas (or "oil spas") to bathe in the local crude in Naftalan A leading caviar producer and exporter in the past, Azerbaijan's fishing industry today is concentrated on the dwindling stocks of sturgeon and beluga in the Caspian Sea.