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.
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Fitch Ratings, one of the world’s three major credit rating agencies, says the start of trade and economic relations between Armenia and Azerbaijan could improve Armenia’s economic prospects, citing reduced geopolitical risks following recent steps towards peace.
The Executive Director of the Sikh Federation (UK) has highlighted concerns about equality, religious rights and historical injustices faced by Sikhs since the partition in 1947. He made the comments during Azerbaijan's first international conference that's dedicated to India.
Azerbaijan's state-owned company, SOCAR, has started supplying natural gas to Austria and Germany, the company has confirmed.
Representatives of Azerbaijan and Armenia conducted a joint inspection of the Sadarak–Yeraskh railway section on 15 January as part of ongoing efforts to restore regional transport links.
A railway power outage in Tokyo disrupted the morning commute for roughly 673,000 passengers on Friday (16 January) as two main lines with some of the world's busiest stations were halted after reports of a fire.
The Turkish Defence Ministry has voiced its support for recent military operations by Syrian government forces against the Kurdish-led Syrian Democratic Forces (SDF), which enjoy the support of the United States.
Tens of thousands of users were left unable to access Elon Musk’s social media platform X on Friday, with outages reported across multiple countries including the United States, the United Kingdom, Canada and Australia.
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Russian President Vladimir Putin held separate calls with Israeli Prime Minister Benjamin Netanyahu and Iranian President Masoud Pezeshkian on 16 January, offering Russia’s help to mediate tensions and promote dialogue in the Middle East.
Syrian government forces have moved into the northern towns of Deir Hafer and Maskana as Kurdish-led Syrian Democratic Forces (SDF) withdraw, amid renewed clashes and accusations that withdrawal terms were violated.
Syrian President Ahmed al-Sharaa has signed a decree aimed at safeguarding the rights of Kurds, including recognition of their language and citizenship restoration, as clashes persist between US-backed Kurdish forces and government troops.
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Fitch Ratings, one of the world’s three major credit rating agencies, says the start of trade and economic relations between Armenia and Azerbaijan could improve Armenia’s economic prospects, citing reduced geopolitical risks following recent steps towards peace.
The Regional Environmental Summit 2026 will be held in Astana from 22-24 April, bringing together Central Asian countries to strengthen regional dialogue on climate and environmental challenges.
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