In 1992, “Azerigaz” State Company was established on the basis of Azerbaijan State Fuel Committee, “Azerigaznaql” Production Union and Azerbaijan Scientific-Research Project Institute, and “Azerigaz” Closed Joint Stock Company was established in 1996, 2 In July 2009, oil of the President of the Republic of Azerbaijan “Azerigaz” Closed Joint-Stock Company was reorganized and incorporated into the SOCAR under the Decree on improving the management mechanisms of the gas industry and currently continues its activity as “Azerigaz” Production Union within SOCAR.