The U.S. Embassy hosted a reception to mark the 30th anniversary of the "Contract of the Century." "For those unfamiliar, the 'Contract of the Century' is the agreement signed in 1994 between SOCAR and 11 foreign energy companies, including four from the U.S., to develop the flagship oil field Azeri-Chirag-Guneshli (ACG). This deal, which required complex and lengthy negotiations, became the largest Western investment in th...

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