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In page Absheron Peninsula:

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There are natural resources such as oil, lime, sand and salt in the peninsula. The peninsula has famous lakes like Masazir, Khojahasan and Boyuk Shor. Several ancient oil wells of the world are located in the Absheron Peninsula. Azerbaijan is in the first place for the variety of mud volcanoes in Absheron. 400 out of 800 mud volcanoes in the world are located within the Southern Caspian oil-gas basin as well as in the dry areas of Azerbaaijan and other islands in the water area of the Caspian Sea.