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In 1994, we signed a contract, which then was named the Contract of the 20th Century, to develop huge oil fields in the Azerbaijani sector of the Caspian Sea. That was actually the opening of the Caspian Sea for foreign investment, that was the first important step for our country to transform and to develop.

From the speech at the third Ministerial Meeting of Southern Gas Corridor Advisory Council
23.02.2017
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