Abstract
Republic of Azerbaijan is rich in oil & gas resources, ithas laid a solid foundation, in the field of infrastructure construction, in the aspect of regional politics, in associating with superpower diplomacy since independence. It isadding a lot of weight for its economic development. However, the social development structure based onlyon oil economy is imperfect and lacks the ability to minimize the associate risks. The country is well aware of this and in recent years, great progress is made in using oil & gas funds to increase infrastructure construction and develop the non-oil economy. In addition, the environmental problems resulting from the oil & gas development are one of the important problems facing Azerbaijan. For a country with economic development through more than one hundred years, the environmental pollution issues from on-shore and off-shore are prominent. This article is about how to develop the oil economy and solve ecological problems.
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