Azerbaijan is one of the world's oldest oil producers and
the city of Baku and the Absheron Peninsula have long been known as
historic sites for oil.
After the industrial reversal of works in the oil fields in Baku
in the 70s of the last century, more than a dozen foreign firms
turned their attention to the richest oil region. The first foreign
company in Baku was founded by the Nobel brothers - Alfred, Ludvig
and Robert. Few people know about the deep connection of the Nobel
Prizes with Baku's oil. 12 percent of the prize was said to be
from Alfred's shares in the Nobel Brothers' Petroleum
Company in Baku. In the mid-70s of the last century, the
Partnership "Nobel Brothers" acquired several oil related
areas and a small kerosene plant in Baku. In a short time, the
Nobel Brothers owned oil wells in Surakhani, Balakhany and
Bibi-Heybat. Having rented land in the Black city, they built
bridges for oil refinery, sulfuric acid, copper smelting, cast iron
plants and
