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Azerbaijan celebrates 20th anniversary of “Contract of the Century” with a new stamp issue

Azerbaijan celebrates 20th anniversary of “Contract of the Century” with a new stamp issue
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StampNews.com is glad to inform that Azermarka has issued a postage stamp dedicated to the 20th anniversary of the signing of the Contract of Century which played an important role in the implementation of the energy strategy of Azerbaijan's oil production. The stamp was released on the 23d of September and is now available for purchasing.

The print run of the stamp, which was published in Belarus, is 5000 pieces. Face value of the stamp is AZN1. Remind that Production Sharing Agreement (PSA) on joint development of deep water part of Azeri-Chirag-Gunashli oil field in Azerbaijani sector of Caspian Sea was signed in Gulistan Palace in Baku on September 20, 1994.The contract in its historical, political and international importance was called the "Contract of the Century", which consists of about 400 pages and is reflected in 4 languages.

The contract was signed by 13 well-known companies from 8 countries around the world (Azerbaijan, the USA, the UK, Russia, Turkey, Norway, Japan and Saudi Arabia). Thus, in our country the "New oil strategy" and doctrine began to be implemented successfully.

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