Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Thursday February 25 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Deputy PM: 'Contract of the Century' - special among grandiose events in Azerbaijan's history

19 September 2020 11:20 (UTC+04:00)
1 243

By Trend

The "Contract of the Century", signed on September 20, 1994, has a special place among the most grandiose events in the Azerbaijani modern history, Azerbaijani Deputy Prime Minister, Executive Secretary and Deputy Chairman of New Azerbaijan Party Ali Ahmadov said.

Ahmadov made the remark during a videoconference of the secretariat of the ruling New Azerbaijan Party dedicated to “The Contract of the Century" and the Modern Realities of Azerbaijan”, Trend reports on Sept. 18.

“While listing the most important events in our modern history, it would be appropriate to stress the return of national leader Heydar Aliyev in 1993 and the signing of this oil agreement, which should be seen as a direct result of this return,” the deputy prime minister said.

"The reason is that there were attempts to sign an oil agreement before, but they did not yield results as there was no socio-political stability in our country, Azerbaijan was at war, there were also external threats and pressure in connection with development of rich hydrocarbon resources of our country,” Ahmadov said.

“During difficult period for Azerbaijan, national leader Heydar Aliyev managed to sign this contract,” the deputy prime minister said. “Despite the state of war, Azerbaijan has become the world's energy center.”

"Influential countries, giant companies were attracted to our country,” Ahmadov said. “The signing of this agreement laid the foundation for the development of Azerbaijan's economy. Azerbaijani was supplying oil to the world market, the development process began. Thus, the Contract of the Century, is of great importance not only for the economy and energy of Azerbaijan, but also from the point of view of the implementation of the global energy policy.”

“The ambitious policy pursued by national leader Heydar Aliyev included the development and implementation of Azerbaijan's oil strategy,” the deputy prime minister said. “As I already mentioned, during that period the situation in Azerbaijan was not completely stable, the country was in a state of war, and there were other risk factors. Despite all this, Heydar Aliyev was able to create, develop and implement this project, which is important for Azerbaijan and the world energy market."

“The oil strategy successfully continues under the leadership of President Ilham Aliyev, and the "Contract of the Century" has been serving the economy and welfare of people of Azerbaijan for 26 years,” Ahmadov said.

"The greatest significance of this project is in the inflow of big funds to Azerbaijan, the development of the economy, an increase in the well-being of people, and the renewal of infrastructure in the country through these resources,” the deputy prime minister added. The "Contract of the Century" is also of great geopolitical importance. Thus, the successful implementation of this project is of great importance in strengthening political positions and prestige of Azerbaijan both in the region and in the world community."

“Oil revenues serve to improve the welfare of our people,” the deputy prime minister said.

Stressing the importance of the steps taken by President Ilham Aliyev to strengthen social protection of the population, the deputy prime minister informed the participants of the video conference that the oil strategy will continue to serve the people of Azerbaijan for many years to come.

--

Follow us on Twitter @AzerNewsAz

  • #ALI AHMADOV
  • #CONTRACT OF THE CENTURY

Related News

2020 significant not only for Azerbaijan but also for entire Turkic world - Azerbaijani Deputy PM

2020 significant not only for Azerbaijan but also for entire Turkic world - Azerbaijani Deputy PM

12 February 14:33
Azerbaijan's National Leader Heydar Aliyev laid foundation for Azerbaijan to achieve victory in Patriotic War

Azerbaijan's National Leader Heydar Aliyev laid foundation for Azerbaijan to achieve victory in Patriotic War

12 December 2020 17:37
Azerbaijan's deputy PM appeals to Russia regarding Russian MP's illegal visit to Karabakh

Azerbaijan's deputy PM appeals to Russia regarding Russian MP's illegal visit to Karabakh

23 October 2020 13:24
Azerbaijan to issue support for children who lost parents after Armenia's Ganja attack <span class="color_red">[PHOTO]</span>

Azerbaijan to issue support for children who lost parents after Armenia's Ganja attack [PHOTO]

21 October 2020 18:05
Azerbaijan's Deputy PM: Death of civilians in Ganja should not go unpunished

Azerbaijan's Deputy PM: Death of civilians in Ganja should not go unpunished

12 October 2020 09:50
Deputy PM: Heroic Azerbaijani army continues its victorious advance

Deputy PM: Heroic Azerbaijani army continues its victorious advance

28 September 2020 10:40
Minister: Azerbaijan - integral part of global energy security system

Minister: Azerbaijan - integral part of global energy security system

19 September 2020 11:01
Deputy PM: OSCE MG's silence limits Azerbaijan’s choice in ensuring its territorial integrity

Deputy PM: OSCE MG's silence limits Azerbaijan’s choice in ensuring its territorial integrity

16 September 2020 13:15
Deputy PM, UNDP official discuss COVID-19, climate change

Deputy PM, UNDP official discuss COVID-19, climate change

11 June 2020 15:14
Azerbaijani PM: Illegal elections in occupied Karabakh not recognized by any country

Azerbaijani PM: Illegal elections in occupied Karabakh not recognized by any country

1 April 2020 14:30
  • Latest
  • Popular
24 February 19:00 • Turkmenistan, Turkey sign co-op program for 2021-2022
24 February 18:36 • Azerbaijan's Innovation Agency becomes first full-fledged member of IASP in region
24 February 18:23 • Oil prices drop on surprise build in U.S. crude stocks
24 February 18:10 • Azerbaijani oil prices continue to grow
24 February 17:50 • Demand for notes of CBA exceeds supply
24 February 17:44 • EU Special Representative Toivo Klaar to visit Georgia and Azerbaijan
24 February 17:37 • Azerbaijan to use wastes from Dashkasan ore deposit
24 February 17:09 • Large amount of ammunition seized in liberated Jabrayil
24 February 16:58 • Azerbaijan participates in IDEX-21 defence expo
24 February 16:52 • Azerbaijan releases footage on airstrikes of Su-25 attack on Armenian Armed Forces during Karabakh war [PHOTO/VIDEO]
24 February 16:49 • Armenia used Iskander type missile against Azerbaijan, but it did not explode - Armenian PM
24 February 16:33 • WHO conducts assessment mission in conflict-affected districts of Azerbaijan
24 February 16:24 • Turkish, Azerbaijani and Turkmen FMs adopt joint statement following trilateral meeting [PHOTO]
24 February 16:17 • Azerbaijan, Turkey to boost cooperation in insurance field
24 February 15:49 • Azerbaijan, Mongolia start first political consultations
24 February 15:36 • Azerbaijan discloses statistics of people infected with coronavirus
24 February 15:23 • Uzbekistan, Belarus to facilitate organization of direct tourist exchange
24 February 15:17 • Armenian army general admits ballistic missile launch on Shusha
24 February 15:15 • Azerbaijan investigating tourism potential of liberated lands - State Tourism Agency
24 February 14:59 • Azerbaijani Parliament approves MoU on 'Dostlug' field
24 February 10:00 • Italian municipalities adopt documents in support of Azerbaijan
24 February 11:44 • Twitter removes 35 Armenia-tied accounts created to target Azerbaijan
24 February 12:12 • Hungarian companies to participate in restoration of Azerbaijan's liberated lands
24 February 12:38 • National chess players to compete at European Cup
24 February 10:45 • Azerbaijani, Turkish FMs mull new regional realities, Karabakh peace deal
24 February 10:37 • National judokas to compete at Tashkent Grand Slam 2021
24 February 11:00 • Water Tuesday celebrated in Nagorno-Karabakh region
24 February 13:31 • Volume of transit cargo between Azerbaijan, Argentine hits 28 tons in 2020
24 February 15:17 • Armenian army general admits ballistic missile launch on Shusha
24 February 15:49 • Azerbaijan, Mongolia start first political consultations
24 February 13:17 • Armenian police detain about 60 protesters demanding PM's resignation
24 February 16:52 • Azerbaijan releases footage on airstrikes of Su-25 attack on Armenian Armed Forces during Karabakh war [PHOTO/VIDEO]
24 February 16:49 • Armenia used Iskander type missile against Azerbaijan, but it did not explode - Armenian PM
24 February 12:59 • AzSTC to publish pearls of world literature
24 February 11:37 • Azerbaijan suspends import of poultry products from regions of Iran, Scotland
24 February 10:15 • First VP Mehriban Aliyeva expresses condolences to family of People’s Artist
24 February 09:50 • Azerbaijani president congratulates new Georgian PM
24 February 14:20 • Azerbaijan's Parliament increases rates for some excisable goods
24 February 18:23 • Oil prices drop on surprise build in U.S. crude stocks
24 February 17:37 • Azerbaijan to use wastes from Dashkasan ore deposit
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved