Azerbaijan holds a crucial position in the oil and gas market,
and the signing of the “Contract of the Century” [ratified by the
Azerbaijani Parliament on 12 December 1994] marked the start of
this process, Rector of ADA University, Ambassador Hafiz Pashayev
said at the closing ceremony of the 16th Baku Summer Energy School
(BSES) on July 29, Trend reports.
He noted that the Caspian littoral states can further work on
joint energy projects.
The 16th BSES, supported by the Institute for Development and
Diplomacy (IDD) of ADA University and in partnership with the State
Oil Company of Azerbaijan (SOCAR), bp Azerbaijan, Kolin, Masdar,
and TotalEnergies, was held from July 16 through July 29.
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