Israel intensifies strikes on Houthi targets in Yemen under Operation Black Flag
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple mi...
BP aims to join the Karabakh oil field project in Azerbaijan by 2025, with negotiations underway to finalize terms with SOCAR for this strategic offshore development.
BP plans to join the development of the Karabakh oil field in the Azerbaijani sector of the Caspian Sea by the end of 2025, according to Bakhtiyar Aslanbayli, BP's Vice President for the Caspian region.
"In September 2024, we signed a memorandum of understanding with SOCAR regarding the Karabakh oil field. Currently, within the framework of the memorandum, negotiations and discussions are underway on the terms of BP's entry into the existing agreement for the development of this field," Aslanbayli stated.
He emphasized that both parties are striving to finalize the negotiation process as quickly as possible. When asked whether BP aims to join the Karabakh project this year, Aslanbayli expressed his personal hope for it to happen.
On September 20, 2024, BP and SOCAR signed a memorandum of understanding covering two offshore areas: the Karabakh oil field and the Dan Ulduzu-Ashrafi-Aypara structure in the Azerbaijani sector of the Caspian Sea.
BP highlighted that its involvement in the exploration and development of these offshore areas could expedite project implementation through potential synergies.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
Ukrainian President Volodymyr Zelenskiy described his latest phone call with U.S. President Donald Trump as the most productive yet, focusing on air defence and future cooperation.
The U-20 European Wrestling Championship in Caorle, Italy, is nearing its end, with Azerbaijan’s Vasif Baghirov securing a hard-earned victory in the 57 kg final against Georgia’s Nika Zangaladze.
ADY Chairman Rovshan Rustamov met with Afghanistan's Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar, at the Baku Sea Port.
Armenia’s Foreign Ministry has reaffirmed that the country’s territory cannot be used by any third party to carry out military operations against neighbouring states.
Armenian Prime Minister Nikol Pashinyan says the country needs a new constitution that reflects its current realities and has a clear purpose.
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