Caspian Oil and Gas Exhibition started 30 years ago in 1994. This event has played an instrumental role in attracting foreign direct investments into the energy sector of Azerbaijan.Since that time, this event has transformed into a bigger event and is now called Baku Energy Week, because it embraces all the major segments of energy policy – oil, gas, upstream, downstream, and of course, green energy.
Coming back to this event, it was actually the first international presentation of the country’s potential. As it was already mentioned, just several months after the first Caspian Oil and Gas Exhibition, the “Contract of the Century” was signed on September 20, 1994, which also was a turning point in the transformation of the country. We have managed to establish a very fruitful relationship with our investors. As a result, bp has remained for thirty years and probably will remain for at least another 30 years as our strategic partner. bp from UK and Amoco from United States led the consortium of international oil companies back in 1994 and trusted us.
Coming back to this event, it was actually the first international presentation of the country’s potential. As it was already mentioned, just several months after the first Caspian Oil and Gas Exhibition, the “Contract of the Century” was signed on September 20, 1994, which also was a turning point in the transformation of the country. We have managed to establish a very fruitful relationship with our investors. As a result, bp has remained for thirty years and probably will remain for at least another 30 years as our strategic partner. bp from UK and Amoco from United States led the consortium of international oil companies back in 1994 and trusted us.