“In today's successful development of Azerbaijan, we see the manifestation of steps taken precisely in those years,” said Azerbaijan’s President Ilham Aliyev, addressing the ceremony to mark 25th anniversary of Contract of the Century and Oil Workers Day on September 20, Trend reports.

“Our foreign exchange resources are five times higher than the external debt,” said Azerbaijan’s President Ilham Aliyev, addressing the ceremony to mark 25th anniversary of Contract of the Century and Oil Workers Day on September 20, Trend reports.

Investments made in the implementation of the Contract of the Century paid off in full, said Azerbaijan’s President Ilham Aliyev, addressing the ceremony to mark 25th anniversary of Contract of the Century and Oil Workers Day on September 20, Trend reports.

In January-April 2019, Azerbaijan’s export of oil products from crude oil and bituminous minerals made up 80.1 percent of the country's total exports.

BP, the operator of many projects in the energy sector of Azerbaijan, has recently published the 2019 first quarter results of its oil and gas production in the country.

Zenith Energy Ltd., a Canadian energy company specialized in the oil and gas exploration and production, has extracted the first volume of oil within the framework a deal signed with Azerbaijan’s state oil company SOCAR on the development of on-shore blocks of Muradkhanli, Jafarli, Zardab oil fields.

Researchers of Azerbaijan have successfully developed a way to convert seawater into gas, calling it a potentially new technology.