Quite a lot has been said about the significance of the "Contract of the Century" and there is no need to repeat that. I just want to note that Azerbaijan was the first to open the Caspian Sea to foreign companies for joint development. The transportation infrastructure linking the Caspian Sea with the Black and Mediterranean Seas was put in place for the first time. 

From the speech at the opening ceremony of the 20th International Exhibition and Conference "Caspian Oil & Gas: Refining and Petrochemicals"
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