ISSUED OF IMPROVEMENT OF INNOVATIVE ACTIVITY OF THE OIL AND GAS INDUSTRY OF AZERBAIJAN

Abstract

This article examines the theoretical basis of innovation, studied the peculiarities of formation of innovation development in the Republic of Azerbaijan. In addition, we analyze the innovation activity in the oil and gas industry of the Republic, and summarizes the features of the innovative activities of the industry. In the end, developed a number of conclusions and proposals for improvement of innovative activity, as studied in the industry and the whole economy. In the article above information about the formation and development of innovation progress in Azerbaijan Republic is given. Furthermore, the potential of oil industry’s innovation is analyzed.

Keywords

• innovation potential
• productive innovation
• efficiency of methods of influence on the formation bottom-hole zone wells
• flow capacity