The Energy Vector of Russian-Azerbaijan Economic Cooperation in the Digital Space of the Modern World

Abstract

The relevance of studying the economic cooperation issues between Russia and Azerbaijan is due to the fact that at present the economy is a locomotive for the development of bilateral relations. The key area of Russian-Azerbaijan economic cooperation is energy; therefore, the priorities of strategic relations have a pronounced ”energy“ character. The objective reality for building mutually beneficial economic relations between countries is the digital space. This circumstance served as the basis for the hypothesis about the need for the active use of digital technologies in the activities of enterprises in the oil and gas sector of Azerbaijan, which is 43% of GDP. The article assesses the degree of international integration, examines the state of foreign economic relations between Russia and Azerbaijan, identifies promising areas of Russian-Azerbaijan economic cooperation. In conclusion, the proposals on the use of Russian experience in the field of digitalization and the oil and gas industry for the conditions of Azerbaijan are substantiated.