Economic assessment of the present state of cluster formation in Azerbaijani oil and gas companies

Abstract

Clusters attach great importance to supporting the activities of business entities in various sectors of the economy, as well as accelerating their development, economic and social development of regions throughout the country, modernization of the infrastructure base of the economy. Observation of the processes of economic development taking place in the countries of the world shows that in order to ensure high economic development, competitive sectors of the economy, a system of enterprises producing large volumes of exportoriented products, comprehensive economic development is of paramount importance. In general, at present the role of optimal models of economic development in the rise of developed countries to this level is great, and it is in these processes that the institution of the cluster is of paramount importance. Keywords: clustering; innovative models of clusters; innovative industrial cluster; fuel and energy complex; infrastructure of the economy.