Oil Factor in the Formation of the US-Azerbaijani Relations and Effective Use of Oil Revenues

  •  Khatira F. Heydarova    


The USA is particularly interested in the development of multilateral cooperation with the Republic of Azerbaijan that acts as an initiator of new projects which forms the energy security maps of Europe and realizes energy projects of global and regional significance. Azerbaijan also in its turn attaches great importance to the relations with the United States of America that has a say in global processes and in the establishment of the new world order. These relations that have been established based on the cooperation in the field of oil cover various spheres such as security, human rights and protection of democracy, fight against international terrorism. Stimulus given for the development of these relations by the exploitation of rich hydrocarbon resources of Caspian Sea and the results of wise use of obtained oil revenues for Azerbaijan were reviewed in the article.

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