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.
The head of the World Health Organization said on Monday that the fast-moving Ebola outbreak in Democratic Republic of Congo and Uganda was outpacing ...
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and a...
The Kremlin warned on Monday that Armenia could lose the “very attractive” price it pays for Russian gas if it moved away from integration with Ru...
Uzbekistan has unveiled its final squad for the 2026 FIFA World Cup, marking the country’s first appearance at football’s biggest tournament. The ...
Nearly half of Afghanistan’s population - more than 21 million people - needed humanitarian assistance in the first three months of 2026, accordin...
Passenger rail services between Baku and Tbilisi are expected to resume in 2026, after being suspended in 2020 because of the COVID-19 pandemic and regional border restrictions.
The 13th edition of the World Urban Forum (WUF13) held in Baku showed Azerbaijan’s “meaningful contribution to multilateralism,” the country’s President Ilham Aliyev has said.
The nomination of Russian-Armenian businessman Ruben Vardanyan for the 2026 Václav Havel Human Rights Prize has triggered criticism.
As the 13th edition of the World Urban Forum ended, Azerbaijan's Pavilion showcased reconstruction efforts in its liberated territories and foregrounded the importance of mine removal in resettlement efforts.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
Police fired tear gas and clashed with protesters in central Belgrade on Saturday, as tens of thousands gathered to demand early elections and an end to the more than decade-long rule of Serbia's President Aleksandar Vučić.
The head of the World Health Organization said on Monday that the fast-moving Ebola outbreak in Democratic Republic of Congo and Uganda was outpacing response efforts, giving the latest number of suspected deaths as 220.
The Kremlin warned on Monday that Armenia could lose the “very attractive” price it pays for Russian gas if it moved away from integration with Russia and deepened ties with the European Union.
Uzbekistan has unveiled its final squad for the 2026 FIFA World Cup, marking the country’s first appearance at football’s biggest tournament. The national team, led by Italian head coach Fabio Cannavaro, will compete at the tournament hosted by the U.S., Canada and Mexico.
Nearly half of Afghanistan’s population - more than 21 million people - needed humanitarian assistance in the first three months of 2026, according to the United Nations, yet aid agencies reached only 4.7 million people.
As dawn broke on Monday, pilgrims began arriving at the sacred site of Mina west of Mecca, marking the start of Hajj - one of the most significant spiritual journeys in Islam.
The World Urban Forum 13 in Baku brought together global urban leaders to discuss how cities are adapting to climate pressures, digital transformation and inequality. While the discussions were ambitious, the real test remains whether these ideas will translate into practical urban change.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment