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.
President Ilham Aliyev has arrived in Albania to take part in a key European summit, underscoring Azerbaijan’s engagement in continental political dialogue.
Kazakhstan and Azerbaijan are considering issuing a commemorative coin to celebrate their bilateral relations, as part of broader efforts to deepen financial and diplomatic cooperation between the two countries.
Pakistan’s Prime Minister Shehbaz Sharif called Azerbaijan’s President Ilham Aliyev to discuss recent India-Pakistan ceasefire and thank Azerbaijan for its support, while both leaders highlighted ongoing cooperation between the two nations.
An international conference on “Media and Communication Studies in the Digital Age” has opened in Baku, marking the 150th anniversary of the Azerbaijani National Press.
During his visit to the UK for the EBRD 2025 Annual Meeting and Business Forum, Azerbaijan’s Minister of Economy Mikayil Jabbarov engaged in high-level discussions with international leaders to strengthen economic ties and advance the country’s green and digital development agenda.
Vice President JD Vance will represent the United States at the Vatican this Sunday for the inaugural mass of Pope Leo XIV, the newly elected leader of the Catholic Church.
British police have arrested U.S. singer Chris Brown in connection with an alleged assault at a London nightclub last year, ahead of his scheduled UK tour performances.
Japan is preparing for a new round of trade discussions with the U.S. as both sides try to resolve differences before higher tariffs on Japanese automobile exports take effect in July.
The killing of a young influencer has reignited public concern in Mexico, where violence against women remains a deeply rooted issue.
President Ilham Aliyev has arrived in Albania to take part in a key European summit, underscoring Azerbaijan’s engagement in continental political dialogue.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
Kazakhstan and Azerbaijan are considering issuing a commemorative coin to celebrate their bilateral relations, as part of broader efforts to deepen financial and diplomatic cooperation between the two countries.
Uzbekistan has proposed a new law requiring bloggers and influencers with over 10,000 followers to pay taxes and follow strict rules on content verification, moderation, and advertising. The draft aims to regulate growing online influence amid rapid internet use growth in the country.
Iran has yet to receive any new proposals from the United States aimed at resolving the decades-long nuclear dispute, with a senior Iranian official stating that Tehran would only agree to ship its highly enriched uranium abroad if U.S. sanctions are lifted in a verifiable and effective manner.
Iran will meet with European powers France, Germany, and the UK in Istanbul on Friday to discuss the future of the 2015 nuclear deal, amid renewed diplomatic signals from Tehran and concerns over sidelined European involvement in U.S.–Iran talks.
Uzbekistan is accelerating its efforts to join the World Trade Organization (WTO), with President Shavkat Mirziyoyev emphasizing swift progress on key negotiations and reforms to complete the accession process by 2026.
Vice President JD Vance will represent the United States at the Vatican this Sunday for the inaugural mass of Pope Leo XIV, the newly elected leader of the Catholic Church.
British police have arrested U.S. singer Chris Brown in connection with an alleged assault at a London nightclub last year, ahead of his scheduled UK tour performances.
Japan is preparing for a new round of trade discussions with the U.S. as both sides try to resolve differences before higher tariffs on Japanese automobile exports take effect in July.
The killing of a young influencer has reignited public concern in Mexico, where violence against women remains a deeply rooted issue.
President Ilham Aliyev has arrived in Albania to take part in a key European summit, underscoring Azerbaijan’s engagement in continental political dialogue.
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