Economic cooperation between the West and Azerbaijan is mainly based on the energy sector. Currently, to ensure the consistency of foreign investments and the sustainability of oil and gas revenues, the main task facing the Azerbaijani authorities is to increase the supply of gas to Europe and...

In November 1997, the first oil was extracted as a result of joint exploration activities conditioned by the “Contract of the Century” and a bit later Azerbaijan started to get her profit oil, and subsequently oil dollars, from those activities. But even before the oil money entered the...