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.
Azerbaijan’s ambassador to the UK has dismissed allegations that Armenian oligarch Ruben Vardanyan is being subjected to a “kangaroo court,” citing international rulings that back the legitimacy and transparency of the trial.
Azerbaijan hosted a high-level conference titled "From Momentum to Milestones: Advancing Climate Action in Tourism Beyond COP29" as part of the 71st session of the UN Tourism Commission for Europe.
Azerbaijan has pledged to play a leading role in advancing international sustainability efforts as it prepares to host the 2026 World Environment Day and the 13th World Urban Forum in Baku.
The 71st meeting of the European Regional Commission of the United Nations World Tourism Organization (UN Tourism) has begun in Baku, gathering over 150 delegates from nearly 40 countries to discuss sustainable tourism and climate action.
President Ilham Aliyev has extended his heartfelt congratulations to the people of Azerbaijan on the occasion of Eid al-Adha, highlighting the holiday’s spiritual and unifying significance.
Bangladesh's national elections will be held in the first half of April 2026, the country's de facto prime minister, Muhammad Yunus, said on Friday.
A groundbreaking discovery about the mysterious Oort cloud, the outermost region of our solar system, has emerged from the creation of the American Museum of Natural History's new Hayden Planetarium show, "Encounters in the Milky Way."
Azerbaijan’s ambassador to the UK has dismissed allegations that Armenian oligarch Ruben Vardanyan is being subjected to a “kangaroo court,” citing international rulings that back the legitimacy and transparency of the trial.
A once-strategic alliance between President Donald Trump and tech mogul Elon Musk collapsed in spectacular fashion this week, as the two billionaires exchanged public barbs in an escalating feud that has left Washington reeling.
The Netherlands will hold snap general elections on October 29, following the collapse of the ruling coalition triggered by the withdrawal of support from the far-right Party for Freedom (PVV), led by Geert Wilders.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
Global investors remained wary on Friday after a closely watched phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to deliver concrete progress on trade. Chinese markets reflected the cautious sentiment, with modest declines across key indices.
Uzbekistan secured a place at the FIFA World Cup for the first time in their history, earning a landmark qualification following a 0-0 draw with the United Arab Emirates in Abu Dhabi on Thursday.
Azerbaijan marked its National Day at Expo 2025 in Osaka, Japan, with a cultural celebration that highlighted the country’s heritage, innovation, and growing global partnerships. The event took place at Azerbaijan’s national pavilion, which has become one of the most visited at the exhibition since
OpenAI is challenging a court order that requires it to indefinitely preserve ChatGPT output data in an ongoing copyright lawsuit filed by The New York Times, arguing that the mandate risks violating user privacy.
Azerbaijan’s ambassador to the UK has dismissed allegations that Armenian oligarch Ruben Vardanyan is being subjected to a “kangaroo court,” citing international rulings that back the legitimacy and transparency of the trial.
Bangladesh's national elections will be held in the first half of April 2026, the country's de facto prime minister, Muhammad Yunus, said on Friday.
A groundbreaking discovery about the mysterious Oort cloud, the outermost region of our solar system, has emerged from the creation of the American Museum of Natural History's new Hayden Planetarium show, "Encounters in the Milky Way."
Azerbaijan’s ambassador to the UK has dismissed allegations that Armenian oligarch Ruben Vardanyan is being subjected to a “kangaroo court,” citing international rulings that back the legitimacy and transparency of the trial.
A once-strategic alliance between President Donald Trump and tech mogul Elon Musk collapsed in spectacular fashion this week, as the two billionaires exchanged public barbs in an escalating feud that has left Washington reeling.
The Netherlands will hold snap general elections on October 29, following the collapse of the ruling coalition triggered by the withdrawal of support from the far-right Party for Freedom (PVV), led by Geert Wilders.
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