In January 1965 the district was restored as an administrative unit of the Tatar Autonomous Soviet Socialist Republic.

[5][6] Industrial enterprises are mainly concentrated in the city of Aznakayevo which serves as the administrative center of the district.

Its black silhouette and highly raised wings in the form of a rapidly gushing fountain are a symbol of the oil reserves that provide the foundation of the regional economy.

The flag presents itself a rectangular panel, divided horizontally into three unequal stripes which repeat the image of the coat of arms.

[10] From 1992 to 2005, the head of the district administration and the city of Aznakaevo was the people's deputy of Tatarstan Anas Iskhakov.

starting in 2005, this position was held by Mansur Khairutdinov who was appointed by the decree of the President of the Republic Mintimer Shaimiev.

[22][23] A significant part of the Romashkino oil field is located within the borders of the Aznakaevsky district.

The proximity of the Aznakaevskaya area has attracted many enterprises that specialize in providing mechanical engineering, metalworking, light industry and food services to the oil and gas complex in the district.

Farmers in the district also cultivate spring wheat, winter rye, barley, buckwheat, peas, and sugar beets.

As of November 2020, milk yields in the district amounted to 142.7 tons per day (on average 18.4 kg per cow).

[29] According to the assessment of the Committee for Social and Economic Monitoring of the Republic of Tatarstan, the volume of investment in fixed assets of the Aznakayevsky district for the period January–June 2020 amounted to almost 1.8 billion rubles, or 0.8% of the total volume of investment in Tatarstan during that period.

[30] According to a report by the Federal State Statistics Service of the republic, 4.3 billion rubles in investment was attracted to the Aznakaevsky district in 2019 (excepting budgetary funds and income from small businesses), a sum that amounted to a 1.2% the regional share for investment in the republic for that year.

During the prior year 2018, the district attracted a similar level of investment at 4.2 billion rubles.

Steppe vegetation is composed of herbaceous varieties of festuca valesiaca, stipa, bluegrass and colorful forbs.

Here one can find other rare plant species, such as melica altissima, xylocopa valga, red harvester ant, catocala fraxini, eastern imperial eagle, lesser kestrel, merlin, and the European bee-eater.

[9][10] In 1978, the Aznakaevsky hunting reserve with an area of 30 thousand hectares was created for the protection of the bobak marmot.

In addition to marmots, elk, wild boar, roe deer, capercaillie and gray partridges also make the reserve their habitat.

[9] In 2020, the district had 57 kindergartens, 32 schools, three institutions of supplementary education, 13 general education schools with 13 branches, of which 18 offer instruction in the Tatar language, two offer instruction in both Russian and Tatar and ten teach primarily in Russian.

The district has a gymnasium, a school offering intensive study of the English language and a lyceum.