Details added (first version published at 13:48)
Baku, Azerbaijan, Sept. 18
Trend:
One of the most ambitious projects of the last decade of the 20th century was the "Contract of the Century", deputy prime minister, Deputy Chairman - Executive Secretary of the ruling New Azerbaijan Party (NAP) Ali Ahmadov stated at a round table meeting dedicated to the 25th anniversary of the Contract of the Century, Trend reports.
He reminded that September 20, 1994 was the date of the signing of the “Contract of the Century”, which is of great importance not only for the economy and the energy sector of Azerbaijan, but also in terms of the implementation of the global energy policies as a whole.
It must be recognized that, indeed, one of the most ambitious projects of the last decade of the 20th century was the "Contract of the Century", Ahmadov emphasized. "The signing of this contract was certainly made possible thanks to the great genius and will of Heydar Aliyev. Azerbaijan had just gained its state independence at the time, several years prior. The political processes taking place inside and outside the country were not completed for certain reasons,” the deputy prime minister said.
“The grandiose policy pursued by Heydar Aliyev also included the development and implementation of Azerbaijan’s oil strategy. Back then, the situation in Azerbaijan was not yet fully stabilized, the country was at war, and other risk factors were present. Despite all this, Heydar Aliyev was able to develop and implement this project, which is of importance for Azerbaijan and the global energy market," he added.