Ministry of Industry and Energy (Azerbaijan)
| Azərbaycan Respublikasının Energetika Nazirliyi | |
Coat of arms of Azerbaijan
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| Agency overview | |
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| Formed | April 18, 2001 |
| Headquarters | 88 H.Zardabi Street, Baku, Azerbaijan Republic AZ1012 |
| Agency executive |
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| Website | www.mie.gov.az |
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.
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