The Ministry of Energy of the Republic of Azerbaijan is a central executive authority implementing state policy and its governing in fuel-energy sector. The fuel-energy sector consists of activity in the field (hereafter–in the relevant filed) of energy defined by the law of Azerbaijan Republic on Energy.
The Ministry of Energy of Azerbaijan Republic functions in accordance with the Regulation approved by the President Decree No. 149 on 11 April 2014.23 According to the regulations of the Republic of Azerbaijan, it develops drafts of agreements on use of hydrocarbon reserves on production sharing or other terms and conditions, carries on negotiations on these agreements, signs them in the defined manner, monitors the implementation of the concluded agreements.
