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Contract of the Century - 20 years
The Agreement has been signed in Gulistan Palace of Baku on September 20, 1994 which was later named as the Contract of the Century due to its tremendous importance. Production Sharing Agreement related to the development of "Azeri – Chirag - Guneshli" deepwater oil fields has been reflected on 400 pages and 4 languages. 13 companies (Amoco, BP, McDermott, Unocal, SOCAR, LukOil, Statoil, Exxon, TPAO, Pennzoil, Itochu, Ramco, Delta) from 8 countries (Azerbaijan, USA, Great-Britain, Russia, Turkey, Norway, Japan, Saudi Arabia) have participated in signing of the Contract of the Century. This Contract has paved the way towards to the signature of other 26 contracts with 41 oil companies from 19 countries.
After the signature of the Contract of the Century, the parties to this document have established working structures – the Steering Committee, Azerbaijan International Operating Company (AIOC) and the Consulting Council. They have initiated its activities as they have been granted with legal competencies at the basis of the Special Decree signed by the President of Azerbaijan on December 2, 1994.
Obverse:
The face of the coin depicts the portrait of the national leader of Azerbaijan Heydar Aliyev, and oil derricks.
Reverse:
The back presents the national emblem of the Republic of Azerbaijan.
AZ45CM2
Mintage:
Face value:
100 manat
31.21g
Commemorative coin
Shape and style:
Edge:
Mint:
Source of information:
Central Bak of Azerbaijan Republic www.nba.az
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