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Prior to World War II, Soviet Azerbaijan was one of the world's largest producers of oil, oil products, and petroleum equipment, hugely contributing to the Soviet Union to be ranked next to the United States and Canada in oil production. Despite ongoing military actions, Baku remained the main provider of fuels and lubricants, sending 23.5 ...
From the early-1960s to the mid-1970s energy production, consumption, and net exports increased for the Soviet Union. [6] Growth in energy demand had reached a stable pace comparable to that of Western Nations of the time. [6] In the late-1970s, both coal and oil production began to stagnate. [3] This continued into the 1980s. [3]
The mechanized German army aimed to secure a large supply of oil. Baku, the capital of Azerbaijan, provided an overwhelming share of Soviet oil production.In an agreement of February 1940 following the August 1939 Molotov–Ribbentrop Pact, Germany and the Soviet Union committed to exchange German machinery, manufactures, and technology for Soviet resources.
Even so, the Soviet Union had the second largest economy in the world from the end of World War II until the mid-1980s. A major strength of the Soviet economy was its enormous supply of oil and gas, which became much more valuable as exports after the world price of oil skyrocketed in the 1970s.
The Allied oil campaign of World War II [4]: 11 was an aerial bombing campaign conducted by the RAF and the USAAF against facilities supplying Nazi Germany with petroleum, oil, and lubrication (POL) products. It formed part of the immense Allied strategic bombing effort during the war.
Operation Pike; Part of World War II: Oil refinery in Baku. 1912.The French diplomat René Massigli, in a report to Paris, noted that US oil engineers observed "as a result of the manner in which the oil fields have been exploited, the earth is so saturated with oil that fire could spread immediately to the entire neighbouring region; it would be months before it could be extinguished and ...
Soviet oil refinery, 1934. Soviet industrialization of the early 1930s required massive debt expansions. [36] To attempt to decrease this debt, grain was sold in large quantities in world markets. [36] German debt also soared with increased state spending. [37] Both countries turned more to economic isolation and autarky. [37]
The Battle of the Caucasus was a series of Axis and Soviet operations in the Caucasus as part of the Eastern Front of World War II.On 25 July 1942, German troops captured Rostov-on-Don, opening the Caucasus region of the southern Soviet Union to the Germans and threatening the oil fields beyond at Maikop, Grozny, and ultimately Baku.