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Two thirds of Azerbaijan is wealthy in oil and natural gasoline 123 The region of the Lesser Caucasus accounts for many of the country’s gold , silver , iron , copper , titanium , chromium , manganese , cobalt , molybdenum , complicated ore and antimony 123 In September 1994, a 30-12 months contract was signed between the State Oil Firm of Azerbaijan Republic (SOCAR) and 13Â oil companies, among them Amoco , BP , ExxonMobil , Lukoil and Statoil 117 As Western oil corporations are capable of faucet deepwater oilfields untouched by the Soviet exploitation, Azerbaijan is considered probably the most necessary spots on the earth for oil exploration and improvement.
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