International Caspian Oil and Gas Exhibition to mark its 25th anniversary

Baku, February 21, AZERTAC In 2018, the largest oil and gas event in the Caspian Region – the Caspian Oil and Gas Exhibition and Conference Incorporating Refining and Petrochemicals – will celebrate its 25th anniversary. The history of Caspian Oil and Gas began in 1994 just before the 'Contract of the Century' was signed in September of that year, an agreement which defined the main development areas for the Caspian Basin's hydrocarbon resources. This contract opened a new chapter in the history of oil in the country. The idea of organising Azerbaijan's first exhibition dedicated to oil and gas was supported at the time by Heydar Aliyev, the country's National Leader, and since then Caspian Oil & Gas has been a meeting place for leading oil, gas and energy professionals – a place where memoranda, agreements and contracts for future cooperation are signed. An important part of the event's business programme is the Caspian Oil & Gas international conference, which over 500 delegates from more than 30 countries take part in every year. Over the past 25 years, this conference has become the main platform for discussing Azerbaijan's rich hydrocarbon and transit potential, its appeal to foreign investors, and opportunities for business cooperation.