Balaxanı 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.

[2] In the 1886 official census, 2,843 ethnic Tats were living here.

This Baku location article is a stub.