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.
SOFAZ made the investment in AGPA through a specialized infrastructure fund managed by Lunate Capital, an Abu Dhabi-based alternative investment manager.
According to SOFAZ’s press service, the investment aligns with the fund’s strategy to diversify its portfolio through investments in sustainable and profitable infrastructure assets. It also supports SOFAZ’s objective to strengthen economic ties with the Gulf Cooperation Council (GCC) region.
"AGPA represents a high-quality, strategically important infrastructure asset with strong long-term return potential. We are pleased to partner with Lunate and welcome this investment opportunity that expands our presence in the Gulf region," Farhad Zeynalov, the head of SOFAZ's Investment Department, said in the statement.
AGPA manages a 982-kilometer pipeline network that includes 38 pipelines: 12 dedicated to commercial gas transportation, 15 for gas injection, and 11 for liquefied gas transport.
ADNOC Gas Pipeline Assets is regarded as one of the UAE’s most critical energy infrastructure facilities, playing a vital role in the country’s sustainable energy ecosystem. A long-term operating agreement between AGPA and ADNOC ensures stable and predictable revenue based on established gas transportation volumes.
Nabeel Qadir, Senior Partner at Lunate said “We are excited to provide SOFAZ the opportunity to invest in ADNOC Gas pipelines, a critical asset in the UAE’s energy infrastructure, offering highly attractive, risk-adjusted returns. This transaction demonstrates Lunate’s ability to deliver customized solutions for our clients and partners, through unique access to global and UAE-specific investment opportunities."
"Even during periods of volatility in global energy markets, AGPA has maintained strong financial and operational performance," the press service noted.
Due to recent airspace closures, travellers departing from the United Arab Emirates (UAE) are likely to experience flight disruptions due to the suspension of multiple regional routes. Dubai-based carriers Emirates and flydubai have cancelled multiple flights, as well.
U.S. Secretary of State Marco Rubio welcomed Emirati Foreign Minister Abdullah bin Zayed al-Nahyan to Washington on Tuesday for talks focused on strengthening the U.S.-UAE partnership.
President of Azerbaijan Ilham Aliyev welcomed a high-level business delegation from the United Arab Emirates, highlighting deepening economic ties and future cooperation.
The EU and UAE have commenced talks on a bilateral free trade agreement, aiming to enhance trade in goods, services, and strategic sectors, marking a significant milestone in EU-Gulf relations.
On May 19, 2025, the U.S. Defense Innovation Unit (DIU) and the UAE’s Tawazun Council signed a deal to strengthen defense cooperation and develop new technologies.
Global investors are bracing for significant market turmoil when trading reopens, with analysts predicting a sharp spike in oil prices and a flight to safe-haven assets following the United States' announcement of military strikes against three Iranian nuclear facilities.
Iran’s top diplomat on Sunday issued a stark condemnation of the United States following overnight military strikes on Iranian nuclear facilities, declaring that Washington had crossed a "very big red line" and would be held "fully responsible" for the consequences.
A chorus of condemnation emerged from Latin America on Sunday as leaders from Chile, Cuba, Venezuela, Colombia, and Bolivia denounced the United States for its recent airstrikes on three Iranian nuclear facilities.
The United States' military strike on three Iranian nuclear facilities Sunday triggered sharply divided reactions from the international community, with Israel lauding the move as a historic decision while Iran, the United Nations, and numerous other nations condemned the attack.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 22nd, covering the latest developments you need to know.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Meta has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success of Ray-Ban Meta glasses. The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica.
Global investors are bracing for significant market turmoil when trading reopens, with analysts predicting a sharp spike in oil prices and a flight to safe-haven assets following the United States' announcement of military strikes against three Iranian nuclear facilities.
Iran’s top diplomat on Sunday issued a stark condemnation of the United States following overnight military strikes on Iranian nuclear facilities, declaring that Washington had crossed a "very big red line" and would be held "fully responsible" for the consequences.
A chorus of condemnation emerged from Latin America on Sunday as leaders from Chile, Cuba, Venezuela, Colombia, and Bolivia denounced the United States for its recent airstrikes on three Iranian nuclear facilities.
The United States' military strike on three Iranian nuclear facilities Sunday triggered sharply divided reactions from the international community, with Israel lauding the move as a historic decision while Iran, the United Nations, and numerous other nations condemned the attack.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 22nd, covering the latest developments you need to know.
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