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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U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, according to three senior Iranian sources. Washington is escalating pressure in hopes of securing concessions in future negotiations.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of September, covering the latest developments.
Two people have been rescued alive from a tunnel in Nepal, nine days after catastrophic floods devastated the country, as rescuers continue searching for survivors.
A unique architectural monument dating back to the 9th to 12th centuries has been discovered in the village of Gargara, in the Korez village commune in Dangara district in Tajikistan.
Japan and the UN Office on Drugs and Crime have launched a $9.4 million, two-year project across five Afghan provinces to help former poppy-growing families and expand drug prevention and treatment services.
For centuries, Lahore has been shaped by the people, cultures and empires that passed through it. Now, the Pakistani city is preparing to put that rich history before a wider regional audience.
Israel is ready to move Palestinians from Gaza as soon as the U.S. approves, the country’s Defence Minister Israel Katz has said. He told a conference hosted by Israeli newspaper Yedioth Ahronoth on Wednesday that there was “no real solution” for Gaza without migration.
Flights between Central Asia and Russia have faced widespread disruption, with aircraft diverted, turned back or cancelled amid restrictions in Russian airspace and conflicting claims from Moscow and Kyiv over aviation safety.
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