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Last amendment: Presidential order amending Decree 3378 raises the ceiling for foreign state debt from 20% of GDP to 30%, with external debt not to exceed USD 10.0 billion. on 2023-08-04.
Presidential Sarancam (Order) No. 3378 of 22 July 2022 formally approves the five-year master framework that translates the 10-year Azerbaijan 2030 National Priorities into binding line-ministry implementation plans, sectoral KPIs, and a 751-indicator monitoring architecture operated by the Center for Analysis of Economic Reforms and Communication (CAERC) under monitoring.gov.az. Eight cross-agency working groups coordinate implementation across all state institutions; approximately 100 implementing organisations were trained on the monitoring system.
Priority 1 — Sustainably growing competitive economy covers the full SOCAR investment programme: upstream production at the BP-operated Azeri-Chirag-Gunashli (ACG) PSA and the Shah Deniz PSA; midstream capacity expansion of the Southern Gas Corridor (South Caucasus Pipeline → TANAP → TAP) from ~12 bcm/year (2024 actual: 12.9 bcm) toward the 20+ bcm/year EU-supply target anchored by the July 2022 EU-AZ Energy MOU; and downstream investment at Heydar Aliyev Baku Refinery, SOCAR Turkiye STAR Refinery (Aliaga, Izmir), and SOCAR Petkim petrochemicals complex (Aliaga). The strategy also targets non-oil export diversification and industrial-park development.
Priority 4 — Great Return to liberated territories operationalises the reconstruction programme for the Karabakh and East Zangezur economic regions following their reintegration (completed September 2023). This pillar has become one of the most fiscally active by 2024-2026, with new transport, energy, and digital infrastructure investment programmes.
Priority 5 — Clean environment and green growth provides the policy anchor for the 240 MW Khizi-Absheron wind project and 240 MW Garadagh solar project (both with Masdar UAE), offshore Caspian wind agreements with ACWA Power, and the broader renewable-energy export vision that shaped Azerbaijan's hosting of COP29 in Baku in November 2024. The strategy's green pillar is also the legal chassis for the subsequent Azerbaijan Renewable Energy Law and SOCAR Green's offshore wind formation.
behind every subsequent EU-AZ bilateral energy instrument, including the July 2022 MOU, the 2023 European Gas Pipeline capacity-increase discussions, and the TANAP expansion studies. Any SGC capacity increase to 20+ bcm/year is legally grounded in this decree.
formally aligned with the Priority 1 targets; the strategy provides the domestic legal basis SOCAR cites in PSA renegotiations and new-project approvals.
development (filed: 2026-04-01-azerbaijan-mining-metallurgy-development-decree) implements the competitive-economy pillar of this strategy — specifically the non-oil industrial development strand covering aluminum (Azeraluminium LLC 100,000 t/y by 2030), metal ores, and the 2027-2030 state programme mandate.
November 2024 and drives post-COP climate-finance inflows and offshore-wind joint ventures.
directly relevant to the EU's REPowerEU Russian-gas-diversification programme. Upstream supply-side bottlenecks or policy changes traceable to this framework are material to EU energy security assessments through 2027.
Shah Deniz Phase 3 FID — field production plateau under current PSA is ~10 bcm/year net AZ share.
the April 2026 mining/metallurgy decree and the COP29 climate-finance instruments may be precursors to a third presidential planning cycle.
timeline and whether any Caspian littoral-state legal disputes (Kazakhstan, Russia, Iran, Turkmenistan offshore delimitation) affect project permitting.