Hungary's MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
In May 2025, Türkiye’s annual inflation rate declined to 35.41%, down from 37.86% in April and falling short of the market forecast of 36.1%. This represents the lowest rate recorded since November 2021, as price increases slowed across almost all categories.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
A 5.8-magnitude earthquake struck off the coast of Marmaris in Türkiye’s southwestern Muğla province early Tuesday, causing widespread panic. According to Türkiye’s Disaster and Emergency Management Authority (AFAD), a 14-year-old girl was killed and dozens of others were injured.
Annalena Baerbock, former German Foreign Minister, was elected President of the UN General Assembly’s 80th session despite strong opposition from Russia.
Azerbaijan’s state oil company SOCAR and Canada’s Gran Tierra Energy Inc. have signed a memorandum of understanding (MoU) to conduct joint research focused on the technical and economic assessment of a project to explore, develop, and produce hydrocarbon resources in the Guba-Caspian region.
Egypt’s Minister of Tourism and Antiquities, Sherif Fathy, has announced that a pilot visa-on-arrival program will launch at Cairo International Airport in mid-June
The Food and Agriculture Organization of the United Nations (FAO) has warned that, without immediate and sustained support, thousands of rural households in Ukraine may be unable to plant or harvest on schedule—threatening both national food security and rural livelihoods.
Leaders from the Bucharest Nine, the Baltic states, and the five Nordic countries are gathering in Vilnius today to coordinate a unified stance ahead of NATO’s June 24–25 summit in The Hague.
Kazakh President Kassym-Jomart Tokayev and Italian Prime Minister Giorgia Meloni adopted a joint statement to expand their strategic partnership following talks held on Friday in Astana.
The Green Climate Fund (GCF)-backed project, “Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq” (SRVALI), was officially launched on the sidelines of the 5th Baghdad International Water Conference.
The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ofis Yem, a leading livestock feed producer in Türkiye, to support the company’s transition toward a green economy and the implementation of inclusive business practices.
Italian Prime Minister Giorgia Meloni described Kazakhstan as an “strategic partner” in Central Asia during a meeting with President Kassym-Jomart Tokayev in Astana, according to a statement from the Kazakh presidency issued today.
Azerbaijan has put forward a proposal to convene a summit focused on the ongoing shrinkage of the Caspian Sea. All five Caspian littoral states had been invited to take part in the consultations, stated Mukhtar Babayev, Azerbaijani President's Representative for Climate issues.
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has invested $50 million in ADNOC Gas Pipeline Assets LLC (AGPA), a subsidiary of the Abu Dhabi National Oil Company (ADNOC), which manages the gas pipeline network in the United Arab Emirates.
Azerbaijan's SOCAR, Kazakhstan's KazMunayGas, Uzbekistan's Uzbekneftegaz, and Russia's Tatneft have signed a landmark agreement to cooperate on decarbonization and sustainable development initiatives.
Prime Minister Giorgia Meloni's first visit to Central Asia has begun in Uzbekistan. In Samarkand, a high-level meeting between Uzbek President Shavkat Mirziyoyev and Italian officials resulted in the signing of several protocols and intergovernmental agreements.
Tengizchevroil, a leading company in Kazakhstan, has officially announced the appointment of William Lacobie as its new General Director. He will assume the role on June 10, 2025.
Tajikistan is hosting the International Conference on Glacier Preservation from May 29 to June 1, 2025, in Dushanbe, aiming to highlight the urgent need to halt glacial retreat and elevate the issue on the global climate agenda.
"Sweden has directed its national armed forces to contribute approximately SEK 4.8 billion ($436.8 million) to multilateral funds and initiatives supporting the enhancement of Ukraine’s defence capabilities.
As President Putin intensifies strikes against civilians in Ukraine, the UK is stepping up pressure with a new package of 100 sanctions, stated the UK Foreign, Commonwealth & Development Office.
The milestone tenth Business Forum of the Conference on Interaction and Confidence Building Measures in Asia (CICA) and the eighth plenary session of the CICA Business Council have been opened today in Baku, Azerbaijan.
The European Bank for Reconstruction and Development (EBRD) is investing $50 million in a Eurobond issued by "Çimko Cimento ve Beton Sanayi", a joint stock company incorporated in Türkiye.
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