In a landmark deal State Oil company of Azerbaijan SOCAR expands its footprint beyond its traditional markets.
On January 31, 2025, SOCAR signed an agreement with Union Energy to acquire a 10% effective ownership stake in the Tamar field—one of the largest offshore gas reserves in the Mediterranean.
Located off the coast of Israel, the Tamar field has been a key supplier of natural gas to the region, playing a vital role in energy security and economic growth. This acquisition marks SOCAR’s first major investment in upstream projects in the Mediterranean.
The company says it will continue seeking strategic assets worldwide to expand its energy portfolio.
This move signals SOCAR’s ambition to establish itself as a major player in global energy markets. The Tamar field is a critical asset, and SOCAR’s entry here strengthens its presence in international energy projects.
Uzbekistan and Azerbaijan take a look at simplifying border crossing procedures for residents to boost travel and tourism between two countries.
Azerbaijan is ready to enhance cooperation with international partners to implement upcoming development targets, Deputy Foreign Minister Yalchin Rafiyev stated at the “High-Level Strategic Prioritization” event within the UN-Azerbaijan Cooperation Framework on Sustainable Development (2026-2030).
European Union member states has extended EU monitoring mission along Armenia’s international border with Azerbaijan for next two years despite official Baku’s demand for its immediate withdrawal.
Azerbaijan’s Minister of Economy Mikayil Jabbarov visited Türkiye to discuss boosting economic cooperation, trade, and investment opportunities with Turkish officials.
President Ilham Aliyev congratulated Chinese President Xi Jinping on Chinese New Year, emphasising the growth of Azerbaijan-China relations and wishing prosperity and success for the Chinese people.
Cristiano Ronaldo has reached an unprecedented milestone, becoming the first player in history to secure 700 official club victories after Al-Nassr's 2-1 win over Al-Raed in the Saudi Pro League.
US Secretary of State Marco Rubio emphasized that President Trump’s proposal to purchase Greenland is a serious strategic move, not a joke. He suggested that negotiations should be handled diplomatically, as reports indicate tensions between Trump and Denmark’s Prime Minister.
Trump considers 25% tariffs on Canadian & Mexican imports over immigration & fentanyl concerns, risking $1.6T in trade. Businesses brace for higher costs, while Canada & Mexico vow retaliation.
A meeting of the Eurasian Intergovernmental Council was held in Almaty, Kazakhstan in a closed format. The heads of government of the Eurasian Economic Union (EAEU) member states discussed current issues of cooperation within the union.
Protests erupted in Berlin against the far-right coincided with an AfD campaign event in Halle, as tensions rise over potential CDU-AfD coalition talks ahead of next month’s elections.
One month after the Azerbaijan Airlines crash near Aktau, the investigation suggests fuselage damage from an anti-aircraft missile. Black box data has been decoded, and results are expected next week.
Protests continue in Belgrade as thousands demand justice for the deadly Novi Sad train station collapse last November, accusing the government of failing to take responsibility.
The inaugural European Union — Central Asia summit will be held in Samarkand in April 2025, formalising the C5 + EU cooperation at the highest political level.
The 7th International Digital Almaty 2025 forum focusing on artificial intelligence and its pivotal role in the new industrial era will take place in Kazakhstan from January 31 to February 1, 2025.
Georgian Prime Minister Irakli Kobakhidze and Armenian Prime Minister Nikol Pashinyan discussed regional stability, economic ties, and the upcoming 14th Meeting of the Intergovernmental Commission for Economic Cooperation, emphasizing the importance of deepening bilateral relations and peace.
The Council today adopted a decision extending the mandate of the European Union Mission in Armenia (EUMA) for a further two years, until 19 February 2027.
Cristiano Ronaldo has reached an unprecedented milestone, becoming the first player in history to secure 700 official club victories after Al-Nassr's 2-1 win over Al-Raed in the Saudi Pro League.
US Secretary of State Marco Rubio emphasized that President Trump’s proposal to purchase Greenland is a serious strategic move, not a joke. He suggested that negotiations should be handled diplomatically, as reports indicate tensions between Trump and Denmark’s Prime Minister.
Trump considers 25% tariffs on Canadian & Mexican imports over immigration & fentanyl concerns, risking $1.6T in trade. Businesses brace for higher costs, while Canada & Mexico vow retaliation.
A meeting of the Eurasian Intergovernmental Council was held in Almaty, Kazakhstan in a closed format. The heads of government of the Eurasian Economic Union (EAEU) member states discussed current issues of cooperation within the union.
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