Contract of the Century 30 Years I

On September 20, we mark the 30th anniversary of the historic "Contract of the Century," a landmark agreement between the State Oil Company of Azerbaijan (SOCAR) and major international oil companies. This agreement, titled "On the joint development of the Azeri, Chirag fields, and the deepwater part of the Gunashli field in the Azerbaijani sector of the Caspian Sea and the production sharing of oil," reshaped Azerbaijan and the broader region. Over the years, Azerbaijan signed 26 agreements with 41 oil companies from 19 countries. However, the "Contract of the Century" remains the pivotal event that drew a new geo-economic map of Eurasia.