Dilgam ismailov

communism. By degree of on 26 August 1920 in Azerbaijan 
Revolutionary commute’s a grain trade was monopolized. In 
September 1920 was applied a food stalk. All these excess 
grain, oil, feed, cattle were brought with a loud price from 
peasants. In order to implement a food stalk were sent peasants 
food bunches which arranged by Baku employees. At the end 
of September was annonsed compulsory obligation. Started to 
work principle as no pains, no gains. There was created a card 
system. By decree of on 17 May 1921 a food stalk was 
abolished. This decree was the first step in Azerbaijan for 
passing a new economic policy. Voluntary product fee 
“chanag ” (20 girevenke – 1 girevenke =410 g. ) tax.
Since spring of 1922 in Azerbaijan was applied a food tax. 
The introduction of a food tax to be allowed the freedom of trade, 
create a lease system the establishment of joint institutions to give 

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way foreign concession, cooperation, banking and credit network 
and etc. meant to apply economic measures. In Azerbaijan the int-
roduction of a new economic policy the revival of agriculture and 
industry development of trade, created the conditions for over-
coming the crisis in the financial sector. During a new econo-
mical policy period oil policy also was the center of attention.
“Azerneft” by keeping contact with the USA’s “Standard 
oil” company signed a contract for buying technical equip-
ments. Under the agreement with British company Gikkers 
Limited Azerbaijan obtained a license to produce technical eq-
uipment for the first cracking unit (oil refining technical). 
“Azerneft” opened its branches in London, Paris, Berlin, New-
York and other cities. All these allowed for the use of new techno-
logies in oil production. In 1924 Surakhani trough turbobur was 
drilled the first well. In Balakhani and Surakhani were discovered 
new oil fields. At the Bayil inlet oil fields were started. This period