Historical background to the document "From the speech of the President of the Republic of Azerbaijan Heydar Aliyev at the Caspian Oil and Gas `95 Exhibition and Conference (Baku Sport & Exhibition Complex, 23 May, 1995)"

The contract often referred to as “the Contract of the Century” on joint developments in three oil deposits in the Azerbaijani Sector of the Caspian was signed between the State Oil Company and world`s largest oil companies in Baku on September 20, 1994. The 1995 Caspian Oil and Gas Exhibition held on May 23, 1995, and attended by Heydar Aliyev, proved the practical implementation of the contract.

Over 165 prominent companies, research institutions and other organizations related to oil and gas industry from 13 countries took part in the exhibition. Its opening was attended not only by presidents of the oil companies, but also by the state officials of the countries of those companies.

 “90 Instants of the Great leader”, Heydar Aliyev Heritage research center, “Sharq-Qarb”, Baku-2013, p.54