implementing the Contract of the Century. It once again indicates that President Heydar Aliyev’s oil strategy is becoming a reality. Profit Oil volumes will continue to increase in the coming years providing a currency flow to our country and significantly promoting the development of the Republic’s economy and the public welfare”. Woodward, president of AIOC, said: achievement of first Profit Oil in the fourth “The quarter of 1999 is a result of outstanding production and cost management performance in AIOC throughout the year. This a significant event making the beginning of the major benefits Azerbaijan will receive from the contracts the country has signed with foreign oil companies to jointly develop its energy resources. We congratulate the people of Azerbaijan, the Azerbaijan government and SOCAR on this important milestone and the outstanding success of our partnership”. Vocabulary: crude oil xam neft – cumulative jəmi – currency flow valyuta axını – equity – ədalətli first cargo ilk yük – incur (v.) itkiyə gətirmək – indicate (v.) göstərmək – in the coming years növbəti illərdə, gələn illərdə – milestone dönüş nöqtəsi – loading yük, daşınma – profit oil gəlir nefti – public welfare xalq mənafeyi – reality reallıq – recover (v.) bərpa etmək – share pay – various müxtəlif – tinder fitil, piltə –
implementing the Contract of the Century. It once again indicates that President Heydar Aliyev’s oil strategy is becoming a reality. Profit Oil volumes will continue to increase in the coming years providing a currency flow to our country and significantly promoting the development of the Republic’s economy and the public welfare”. Woodward, president of AIOC, said: “The achievement of first Profit Oil in the fourth quarter of 1999 is a result of outstanding production and cost management performance in AIOC throughout the year. This a significant event making the beginning of the major benefits Azerbaijan will receive from the contracts the country has signed with foreign oil companies to jointly develop its energy resources. We congratulate the people of Azerbaijan, the Azerbaijan government and SOCAR on this important milestone and the outstanding success of our partnership”. Vocabulary: crude oil – xam neft cumulative – jəmi currency flow – valyuta axını equity – ədalətli first cargo – ilk yük incur (v.) – itkiyə gətirmək indicate (v.) – göstərmək in the coming years – növbəti illərdə, gələn illərdə milestone – dönüş nöqtəsi loading – yük, daşınma profit oil – gəlir nefti public welfare – xalq mənafeyi reality – reallıq recover (v.) – bərpa etmək share – pay various – müxtəlif tinder – fitil, piltə