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.
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.
Azerbaijan’s state oil company SOCAR and Canada’s Gran Tierra Energy Inc. have signed a memorandum of understanding (MoU) to conduct joint research focused on the technical and economic assessment of a project to explore, develop, and produce hydrocarbon resources in the Guba-Caspian region.
At least 11 people have died after a landslide triggered by heavy rain struck parts of northwestern Colombia, local authorities confirmed Wednesday.
At least 16 people were killed during anti-government protests across Kenya on Wednesday, with rights groups accusing police of using lethal force against demonstrators marking the anniversary of last year's deadly unrest.
Florida has started constructing a new migrant detention centre deep in the Everglades, a remote wetland known for its treacherous wildlife, as part of the Trump administration’s efforts to expand detention capacity.
The European Commission has announced looser state aid rules to accelerate green industrial projects and offer energy price relief for heavy industries, aiming to keep Europe competitive amid U.S. and Chinese pressure.
Turkish President Recep Tayyip Erdogan met his Romanian counterpart Nicusor Dan on the sidelines of the NATO summit in The Hague, reaffirming a commitment to deepen bilateral ties and enhance Black Sea security.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Russia has expressed its readiness to support the signing of a peace treaty between Azerbaijan and Armenia to ensure regional stability and security.
Masked law enforcement officers have detained Archbishop Bagrat Galstanyan, leader of the 'Sacred Struggle' movement in Armenia. He is accused of preparing terrorist attacks and an alleged attempt to seize power, according to the Investigative Committee.
Kazakhstan’s Prime Minister Olzhas Bektenov has announced a major reform initiative aimed at strengthening national sovereignty in the country’s space sector.
An explosive device detonated on an armoured combat-engineering vehicle in Khan Younis in Gaza, killing seven Israeli soldiers and seriously wounding another soldier on Tuesday (24 June).
Iran’s parliamentary committee has approved a draft bill to suspend cooperation with the International Atomic Energy Agency (IAEA) until Tehran receives firm guarantees on the agency’s conduct.
At least 11 people have died after a landslide triggered by heavy rain struck parts of northwestern Colombia, local authorities confirmed Wednesday.
At least 16 people were killed during anti-government protests across Kenya on Wednesday, with rights groups accusing police of using lethal force against demonstrators marking the anniversary of last year's deadly unrest.
Florida has started constructing a new migrant detention centre deep in the Everglades, a remote wetland known for its treacherous wildlife, as part of the Trump administration’s efforts to expand detention capacity.
The European Commission has announced looser state aid rules to accelerate green industrial projects and offer energy price relief for heavy industries, aiming to keep Europe competitive amid U.S. and Chinese pressure.
Turkish President Recep Tayyip Erdogan met his Romanian counterpart Nicusor Dan on the sidelines of the NATO summit in The Hague, reaffirming a commitment to deepen bilateral ties and enhance Black Sea security.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment