Azerbaijan marks 32 years since signing of ‘Contract of the Century’

The ‘Contract of the Century,’ signed on September 20, 1994, laid the foundation for a new stage in Azerbaijan’s modern economic history, Azerbaijan’s Minister of Economy Mikayil Jabbarov said in a post on his X account.

‘The ‘Contract of the Century,’ signed on September 20, 1994, laid the foundation for a new stage in Azerbaijan’s modern economic history. The agreement provided significant impetus for the efficient use of our country’s energy potential and the expansion of cooperation with foreign partners and investment opportunities. The strategic course defined by the architect of this historic decision, National Leader Heydar Aliyev, is being continued under the leadership of President Ilham Aliyev in a manner aligned with new challenges,’ the post stated.

Today marks the 32nd anniversary of the signing of the ‘Contract of the Century.’

Within the framework of the development of the Azeri-Chirag-Gunashli (ACG) field complex, one of the key projects in Azerbaijan’s oil and gas sector, more than 628 million tons of oil and 253 billion cubic meters of gas had been produced as of September 1, 2026.

According to reports, a 30-year agreement on the joint development and production sharing of the ACG fields was signed on September 20, 1994, involving 11 international oil companies from seven countries. An initial target was set to produce 500 million tons of oil from the ACG field.

On September 14, 2017, the ACG agreement was amended and restated, and a new production sharing agreement was signed.

Under the renewed agreement, the development period for ACG was extended until the end of 2050. At the same time, SOCAR’s participating interest was increased from 11.65 percent to 25 percent, while Azerbaijan’s share of profit oil was set at 75 percent.

On April 19, 2019, the final investment decision for the ‘Azeri Central East’ (ACE) project was adopted. First oil from the ACE platform was produced on April 16, 2024. The project aims to produce 300 million barrels of oil over its operational lifespan.

An agreement on the production of non-associated natural gas from ACG was signed on September 20, 2024. Production of non-associated natural gas at ACG commenced on June 1, 2026.

Currently, participating interests in ACG are held as follows: SOCAR – 35.30%, BP – 30.37%, MOL Group – 9.57%, INPEX – 9.31%, ExxonMobil – 6.79%, TPAO – 5.73%, and ONGC Videsh – 2.92%.

US strike on alleged drug vessel kills 4

United States Southern Command (SOUTHCOM) said Joint Task Force Western Hemisphere carried out a deadly strike on a vessel in the Caribbean, killing four alleged “narco-terrorists.”

The force described the ship as a “go-fast vessel operating along established narco-trafficking routes in the Caribbean” with “active involvement in narco-trafficking.”

No injuries were reported from the US side.

Pezeshkian: Iran rejects war, won’t bow to bullying

Iranian President Masoud Pezeshkian said on Sunday that Iran rejects war and conflict, calling them detrimental to both its people and the world.

‘We do not want war and conflict and consider them harmful not only to the people of our country but to the world. At the same time, we will in no way yield to force and bullying … We have no trust whatsoever in the enemy, but we remain committed to our agreements,” Pezeshkian said.

Pezeshkian cautioned that an enemy might exploit negotiations to inflict harm, yet he affirmed that peace should not be spurned when it can guarantee security.

Around 100,000 vote online in Duma election overnight

Around 100,000 people voted online in Russia’s State Duma election overnight, RIA Novosti reported on Sunday, citing the head of the election observation headquarters. According to monitoring data, nearly six million people voted in the Russian elections electronically so far.

The third and final day of the election started today, with the polls opening at 7:00 am CET and remaining open until 7:00 pm CET. Online voting on mos.ru will be available until 6:59 pm CET today. The turnout by 6:35 am CET reached 45%, with 3.2 million people casting their votes in the country’s capital city of Moscow, representing 40.2% of the voters.

Ryabkov: US-Russia talks expected in coming weeks

Deputy Foreign Minister Sergei Ryabkov said on Sunday that talks between Russian and United States representatives aimed at addressing bilateral irritants are expected to take place in the coming weeks.

“We believe this is useful. However, the pace of progress in terms of content is slower than desired and lower than expected. Nevertheless, we’re not abandoning this; we’ll continue to move forward,” Ryabkov told RIA Novosti.

Earlier, US President Donald Trump signed into law a Russia sanctions bill sponsored by late South Carolina Senator Lindsey Graham. In response, Russian Security Council Deputy Chairman Dmitry Medvedev called for “direct military deterrence.”

Grape and Wine Festival continues in Shamakhi with music and tastings

The second day of the Grape and Wine Festival is taking place today in Shamakhi.

Throughout the day, festival guests can explore the pavilions and sample various varieties of grapes, grape products and wines.

The entertainment program features performances by Azerbaijan’s Eurovision representative Dilara Kazimova, Teymur Suleymanbeyli, People’s Artist Zulfiyya Khanbabayeva and DJ Kamon.

Saudi Arabia exits China’s digital currency project

Saudi Arabia left mBridge, a digital currency network led by Beijing that uses blockchain technology to let central banks trade directly rather than through US dollar-dominated payment systems like SWIFT, the Financial Times reported.

The Saudi Central Bank (SAMA) confirmed it stopped participating after finishing a planned technical test in May 2025. While sources note Riyadh wanted to avoid public attention and US pressure, an insider said the bank keeps working with the programme quietly.

Eswar Prasad, a professor at Cornell University and senior fellow at the Brookings Institution, explained that nations use these digital tools to cut their reliance on the US dollar.

Russia says election official killed in Ukrainian attack

Russian Central Election Commission Chair Ella Pamfilova said on Sunday that a member of an election commission in the Kherson region was killed in a drone attack.

“Today, September 20, a targeted drone attack on a civilian bus in the Kherson region resulted in the deaths of two people. One of those killed was our colleague, Olga Petrovna Demyanenko, born in 1966, a member of the precinct election commission at polling station No. 220 in the Nizhneserogozsky district of the Kherson region,” Pamfilova said. The incident comes after Russia’s Digital Development Ministry said there had been an attempt to sabotage communications networks in the Far East to disrupt voting.

Meanwhile, voter turnout in the State Duma and Tuva Republic elections exceeded 74% as of 10:00 am local time. Around 3.2 million people had also cast ballots in Moscow, representing 40.2% of eligible voters.

Azerbaijan’s sovereignty and long shadow of Armenian revanchism

Today, Azerbaijan marks the restoration of its sovereignty and territorial integrity. Such a landmark development became possible following the neutralisation of the Armenian separatist elements in the Qarabagh territories liberated from occupation as a result of the Azerbaijani Army’s military capability, courage and tactical skill during the events of 19-20 September 2023. The event represents a major turning point in the history of the South Caucasus and, at the same time, one of the most consequential victories in recent history, generating considerable geopolitical repercussions.

However, history is not always written in black and white. Its pages can contain different interpretations, competing narratives and divergent analyses. This brings us to the toxic legacy left between Azerbaijan and Armenia from the Soviet period to the present day.

That legacy has not been confined to historical manuscripts and monuments. On the contrary, it has left behind the spark of another war. The issue is that disputes of this nature have emerged elsewhere in history as a result of the intervention of major powers, including in European and Middle Eastern states. The Iraq-Kuwait war, which ultimately led to the Gulf War, and the territorial disputes that emerged following the break-up of Yugoslavia are two examples with extensive historical and political dimensions.

However, when these cases are examined in depth, they cannot simply be equated with Armenia’s claims against Azerbaijan. The reason, from the perspective presented here, is clear.

For many years, Armenian groups grew under the protection and influence of Russia and were subsequently settled in historical territories of Azerbaijan. Over time, Armenian groups were settled in the western parts of Azerbaijan, including areas bordering Turkiye. This policy was taken further and eventually resulted in an ethnic policy being pursued in a number of Azerbaijan’s strategically important locations.

A national minority long known as the Caucasian Albanians was subsequently, in this interpretation of history, appropriated by Armenians, who began to claim and absorb aspects of its historical legacy. They then carried out extensive changes to a number of Christian religious monuments, contributing to what can be described as an effort to obscure and transform the historical record.

Naturally, a number of Armenian politicians and intellectuals who looked towards the future understood that the Soviet empire would eventually collapse and that, after its collapse, history itself would become a battlefield. There was therefore a perceived need to write a new history while distorting and erasing elements of the past.

The concept of revanchism itself emerged after the Franco-Prussian War. The term refers to a vengeful and resentful approach by one nation towards another, rooted in what it regards as historical grounds for retaliation. The argument presented here is that Armenians, drawing negative lessons from history and convincing themselves of a distorted historical narrative, adopted revanchist traditions as a political roadmap.

The events of 19 September should, in this reading, never have taken place.

Wars sometimes end through negotiations, agreements or international consensus. The Second Qarabagh War of 2020, however, ended under a different scenario. Although Armenia signed the November 2020 trilateral statement, the argument here is that the terms arising from its defeat were not fully implemented. The armed groups and formations remaining in the territory decided to refuse to withdraw from the territories that had been de facto liberated.

This, in turn, represented a serious violation of the provisions that were supposed to underpin the ceasefire and the peace agreement that would subsequently be established between Azerbaijan and Armenia. The clandestine armed forces deployed in Qarabagh were being infiltrated into Azerbaijani territory through the presence of the former peacekeeping contingent. In other words, preparations for another war were once again under way.

The 10 November 2020 trilateral statement explicitly provided for the withdrawal of Armenian armed forces in parallel with the deployment of Russian peacekeepers. Azerbaijan subsequently argued that Armenian armed forces had not withdrawn from its territory, and this was among the issues cited by President Ilham Aliyev before the September 2023 operation.

Let us, for a moment, imagine that none of this had happened and that the Armenian side had unequivocally withdrawn its armed formations from Qarabagh. What would have happened?

First and foremost, it would have given the ethnic Armenian population that had once lived in Qarabagh a serious opportunity to continue their lives peacefully and, most importantly, would have provided a stronger basis for a secure life in Qarabagh.

After the withdrawal of Armenian armed formations from Qarabagh, however, the territory became a more dangerous zone. The Armenian side, according to the authentic facts advanced here, sought to demonstrate openly that peace and stability were impossible. One example was the extensive mining of the territories.

One of the cruellest and most unlawful legacies of war in human history is that wars themselves can end while leaving behind the means for further death. Even six years after the war, the territories of Qarabagh cannot be regarded as completely safe.

At the same time, whenever a peace agenda is placed on the negotiating table, revanchist and separatist forces in Armenia and beyond it emerge, issue unfounded statements and, as if that were not enough, attempt to undermine the peace process.

There is little doubt that a peace agreement will eventually be signed, and there is no alternative to peace. Yet those who make the wrong choices will either pay the price themselves or leave future generations to pay it.

The central issue, therefore, once again comes back to the legacy left by a distorted and poisonous ideology: a false history that has been carried from one generation to another by those who continue to embrace that ideology.

This is why 20 September should be understood not just as a date marking a military and political outcome, but as a moment in which Azerbaijan’s sovereignty was fully restored, and the consequences of a long and deeply contested historical legacy came to the fore. Azerbaijan formally established 20 September as State Sovereignty Day in 2024, defining the restoration of sovereignty across its territory as the outcome of the September 2023 operation.

The wider question now is whether the region can move from a history shaped by competing territorial narratives, armed confrontation and revanchist thinking towards a political order in which sovereignty, territorial integrity and peaceful coexistence are accepted as the basis of lasting stability. The initialling of the Azerbaijan-Armenia peace agreement in Washington in August 2025 marked an important step in that direction, although the text still required further steps towards signing and ratification.

Grape and Wine Festival conclides in Shamakhi

The Grape and Wine Festival concluded on September 20 at the viticulture and winemaking complex of Shirvan Wines LLC in Meysari village, Shamakhi.

Various wine brands were represented by their own pavilions at the festival, giving visitors an opportunity to explore the stands and sample a variety of viticulture and winemaking products.

Guests also learned about Azerbaijan’s viticulture and winemaking traditions and took part in a range of entertainment and show programs throughout the day.

The program featured performances by Azerbaijan’s Eurovision representative Dilara Kazimova, Teymur Suleymanbayli, People’s Artist Zulfiyya Khanbabayeva and DJ Kamo.

Visitors of different age groups participated in various contests and quizzes, while the festival also featured a dedicated children’s entertainment zone, an interactive program and activities with animators.

The Organizing Committee presented certificates to the organizations represented at the festival.

The festival was organized by the Shamakhi District Executive Power, Abqora restaurant and the Nasimi Gardens complex.

The event aims to promote local grape and wine production, strengthen the export potential of Azerbaijani wine products, and introduce the public to the country’s viticulture and winemaking heritage as well as ongoing work in the sector.