Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), held a meeting with Sunniya Durrani-Jamal, the Asian Development Bank’s (ADB) Country Director for Azerbaijan, to discuss ongoing and prospective opportunities for collaboration between SOCAR and ADB.
Their discussions focused on advancing joint initiatives aimed at expediting the shift toward renewable energy. Rovshan Najaf elaborated on SOCAR’s decarbonization strategies and initiatives, emphasizing their alignment with the Sustainable Development Goals (SDGs).
Both sides also explored shared interests, including the expansion of renewable energy projects and the reinforcement of carbon reduction efforts.
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Azerbaijan’s state energy firm SOCAR has signed a 10-year natural gas supply deal with Germany’s state-owned SEFE (Securing Energy for Europe), the companies announced on Tuesday.
Hungary's MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
Baku Energy Week 2025 has spotlighted Azerbaijan’s rising energy role, as it secures landmark oil, gas, and renewable energy deals with global partners, reinforcing its commitment to diversification and security.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Two Azerbaijani brothers killed in a Russian security raid in Yekaterinburg are being returned home, sparking outrage and urgent calls for justice amid allegations of abuse and ethnic profiling.
Armenian Foreign Minister Ararat Mirzoyan will not attend the meeting of the Collective Security Treaty Organization (CSTO) Foreign Ministers Council scheduled for Monday in Kyrgyzstan, according to a statement from Armenia’s Foreign Ministry.
Chinese mining giant Zijin Mining is set to acquire Kazakhstan’s Raihorodok gold deposit for $1.2 billion, a move that will transfer control of RG Gold and could significantly boost Kazakhstan’s annual gold production, pending regulatory approval.
The Kremlin on Sunday voiced regret over Azerbaijan's reaction to the recent arrests of several Azerbaijani nationals in Russia’s Yekaterinburg region, after a controversial police operation tied to a decades-old criminal case sparked diplomatic tension between the two countries.
Armenia says it is ready to discuss the place and date for signing a peace agreement with Azerbaijan, according to Foreign Minister Ararat Mirzoyan.
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