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.
Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan have launched the Iğdır-Nakhchivan pipeline, a 97-kilometre gas route linking eastern Türkiye to Nakhchivan, an Azerbaijani exclave. The project aims to enhance energy security and strengthen regional cooperation.
A cooperation agreement between Türkiye and Azerbaijan in the natural gas sector was published Wednesday in the Turkish Official Gazette, officially putting it into effect.
The Azerbaijani government has extended the exemption from customs duties on importing aviation fuel until December 31, 2025.
In 2025, cargo transportation via the Middle Corridor is expected to reach 4.2 million tons. This was stated by the Secretary General of the Trans-Caspian International Transport Route (TITR) International Association, Gaidar Abdikerimov, during a press briefing in Baku.
Azerbaijan and Kazakhstan have signed an agreement to design and build the Trans-Caspian Fiber Optic Cable Line, which will connect the two countries as part of the Digital Silk Way project.
In a significant development, France has stepped forward to offer intelligence assistance to Ukraine after the United States suspended its intelligence sharing with Kyiv.
Türkiye, with NATO's second-largest army, may contribute to a peacekeeping mission in Ukraine, with discussions ongoing about regional stability. The potential role follows talks with both Ukraine and Russia.
The Trump administration is planning to revoke temporary legal status for 240,000 Ukrainians who fled the conflict with Russia, potentially leading to fast-track deportation. This move is part of a broader shift in U.S. immigration policy, which also impacts migrants from other countries.
Iraq is set to host an Arab summit on May 17, according to Foreign Minister Fuad Hussein, who chaired a meeting in Baghdad to review preparations for the upcoming gathering.
Britain recorded 19,125 potential modern slavery victims in 2024, surpassing previous figures. Experts urge policy reforms as stricter immigration laws leave victims afraid to seek help.
A centuries old tradition of cheese-throwing has brought excitement to the town of Novara di Sicilia as its residents both young and old trooped out en masse to participate in the game.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, will chair the 20th EU-Central Asia Ministerial meeting hosted this year by Turkmenistan, in Ashgabat, on 4 March.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Preparations for the 2025 Formula 1 Qatar Airways Azerbaijan Grand Prix have begun, with the paddock reconstruction underway on Neftchilar Avenue, Baku. The race will take place from September 19-21, offering another thrilling event for the city.
The Georgian Foreign Ministry has expressed concern over the worsening security, humanitarian, and human rights situation in the Russia-occupied regions, along with the ongoing illegal militarization.
Kyrgyzstan and Tajikistan have agreed to exchange disputed border areas, addressing long-standing conflicts, according to Kyrgyz President Sadyr Japarov. The agreement, signed on February 21, aims to resolve territorial issues permanently, with both countries’ interests taken into account.
The Russian Foreign Ministry has handed a note to Moldovan Ambassador Lilian Darii, demanding an explanation of why the country’s President Maia Sandu has not yet received the credentials of Russian envoy to Chisinau Oleg Ozerov.
Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan have launched the Iğdır-Nakhchivan pipeline, a 97-kilometre gas route linking eastern Türkiye to Nakhchivan, an Azerbaijani exclave. The project aims to enhance energy security and strengthen regional cooperation.
In a significant development, France has stepped forward to offer intelligence assistance to Ukraine after the United States suspended its intelligence sharing with Kyiv.
Türkiye, with NATO's second-largest army, may contribute to a peacekeeping mission in Ukraine, with discussions ongoing about regional stability. The potential role follows talks with both Ukraine and Russia.
The Trump administration is planning to revoke temporary legal status for 240,000 Ukrainians who fled the conflict with Russia, potentially leading to fast-track deportation. This move is part of a broader shift in U.S. immigration policy, which also impacts migrants from other countries.
Iraq is set to host an Arab summit on May 17, according to Foreign Minister Fuad Hussein, who chaired a meeting in Baghdad to review preparations for the upcoming gathering.
Britain recorded 19,125 potential modern slavery victims in 2024, surpassing previous figures. Experts urge policy reforms as stricter immigration laws leave victims afraid to seek help.
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