Azerbaijan's state-owned energy giant SOCAR is poised to join British Petroleum (BP) in an oil and gas development initiative in Iraq's Kirkuk region, as reported by Haqqin.az.
BP recently inked an agreement with Iraq's Ministry of Oil on March 26, focusing on the development of several key fields in Kirkuk province. These include Baba, Avanah, Bai Hassan, Jambur, and Khabbaz, with objectives to elevate oil output to 420,000 barrels daily, expand gas production capabilities, and establish a 400-megawatt power plant.
SOCAR is anticipating an invitation from BP to officially participate in the venture. Such involvement could ensure a stable supply of high-sulphur crude oil for its STAR refinery located in Aliaga, Türkiye.
Additionally, this move might enhance crude exports through the Kirkuk-Ceyhan pipeline, targeting Mediterranean markets.
This potential collaboration reflects SOCAR's growing footprint in international energy operations, including recent engagements in the UAE and Israel.
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BP has announced that a seismic survey programme for the Ashrafi–Dan Ulduzu–Aypara (ADUA) project in the Azerbaijani sector of the Caspian Sea will be carried out between February and April next year, according to Report.
Shell has denied reports that it is in talks to acquire BP in a historic £60 billion deal, despite ongoing market speculation about a potential merger between the two oil giants.
bp, in collaboration with its partners, has signed a series of agreements to strengthen and expand its significant oil and gas interests in Azerbaijan.
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.
Armenia has reaffirmed that it has no intention of taking any actions directed against Iran, with senior officials stressing that relations with Tehran remain friendly and constructive.
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.
Syrian troops swept through dozens of towns and villages in the country's north on Saturday after Kurdish fighters withdrew under an agreement that aimed to avoid a bloody showdown between the rival forces.
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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