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 SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
Russian drones deliberately struck a SOCAR oil depot in Ukraine's southern Odesa region for the second time in two weeks on Monday (18 August), according to Ukrainian officials.
SOCAR Türkiye, a subsidiary of the State Oil Company of the Azerbaijani Republic, has announced about a cooperation with Turkish Airlines in the field of sustainable aviation fuel. The move is aimed at complying with Türkiye's goal of reducing aviation emissions by 5% by 2030.
Ukrainian state-owned oil and gas company Naftogaz has signed its first agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR, to import a small volume of natural gas via the Trans-Balkan pipeline.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Türkiye is facing a severe drought that is impacting water resources, shrinking reservoirs and unprecedented shortages affecting daily life, agriculture, and industry.
Azerbaijan, Turkmenistan, and Uzbekistan have strengthened trilateral cooperation, enhancing ties among the Turkic states around the Caspian Sea.
Mohammad Sadr, a member of Iran's Expediency Discernment Council, said in a video interview that Moscow had likely shared sensitive Iranian military data with Israel, enabling precise attacks on air defence sites.
Tajikistan will receive a $50 million concessionary loan to support the construction of the Rogun Hydropwer Plant from the Qatar Development Fund.
Istanbul has stepped up its tsunami preparedness; two districts in the city are joining a UNESCO-backed project to improve early warnings and drills.
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