Azerbaijan honors its energy pioneers every year to mark a historic 1994 oil deal
Azerbaijan celebrates the 'Contract of the Century' every September 20th, honoring a massive 1994 agreement that revitalized the nation's economy and secured its position as a global energy powerhouse.
Azerbaijan observes Oil Workers' Day to commemorate the signing of a landmark 1994 production sharing agreement with several international oil companies. Known as the 'Contract of the Century', this deal opened up the massive Azeri-Chirag-Guneshli fields in the Caspian Sea. It represented the first major foreign investment in a former Soviet republic and provided the financial foundation for the modern Azerbaijani state.
There's more to this story — open the app to keep reading.
Continue Reading in App
1 more paragraphs · plus a 3-question quiz