Balaxanñ or Balakhani (Tat: Balxuni) is a settlement and municipality near Baku, Azerbaijan, on the Absheron Peninsula. Taking advantage of the area's oil pools, a 35 m deep well was dug manually in 1593. The Russians built the first oil-distilling factory here in 1837. In the 1886 official census, 2,843 ethnic Tats were living here.
its population was 11,615.