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 has emerged as a central player in global energy cooperation during Baku Energy Week 2025, where a series of high-level agreements have underlined its growing influence in both traditional and renewable energy sectors.
A major highlight of the event was the signing of a gas production-sharing agreement between Türkiye’s state oil company TPAO, Azerbaijan’s SOCAR, and energy giant BP. The deal focuses on the development of the Shafaq-Asiman offshore block in the Caspian Sea, where TPAO has acquired a 30% stake. The project is expected to significantly boost Azerbaijan’s offshore gas production capabilities.
Commenting on the agreement, Türkiye’s Minister of Energy and Natural Resources Alparslan Bayraktar stated:
“Turkish Petroleum is entering the Shafag-Asiman field as a partner. We have acquired a 30 percent stake. We will start production in this field together with our usual partners SOCAR and bp. We are also discussing other fields in the Caspian Sea. Our efforts in this area will continue to grow.”
Further strengthening Azerbaijan’s energy partnerships, Exxon Mobil and SOCAR signed a separate agreement to explore onshore oil and gas production in the country. In addition, BP is expected to expand its operations by acquiring stakes in new offshore fields, according to sources close to the matter.
On the renewable energy front, Azerbaijan and BP have agreed to build a 240-megawatt solar power plant in the Karabakh region. The $200 million project is set to be completed by mid-2027, marking a significant step toward energy diversification and sustainable regional development.
These agreements reflect Azerbaijan’s dual strategy of advancing fossil fuel cooperation while accelerating investment in renewable infrastructure. As global energy markets evolve, the country continues to position itself as a reliable partner and a key contributor to energy security.
Armenia heads to the polls on 7 June in a key parliamentary vote seen as a test of its democratic reforms and political direction since 2018. Prime Mi...
The U.S. plans to seek the redirection of Iranian assets to Gulf states to help fund reconstruction and repairs for damage attributed to Iran, a sourc...
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, priva...
A U.S. doctor who contracted Ebola while on a humanitarian mission in the Democratic Republic of Congo has recovered and been discharged from a hospit...
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the c...
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
After the dissolution of the Soviet Union in 1991, newly independent Armenia emerged with the promise of democracy. But in the years that followed, conflicts and political assassinations sidetracked politics in the country, until a 2018 revolution restored momentum to the promise.
For decades, the factory taught the battlefield. Ukraine is now reversing the lesson.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the conflict continues.
Ukrainian Deputy Prime Minister Oleksiy Kuleba said Russian forces attacked two civilian search and rescue vessels operating in Ukrainian waters on Saturday, leaving several people injured.
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington moves to strengthen its armed forces.
The United States has announced an additional $38 million to support efforts to contain the Ebola outbreak in the Democratic Republic of Congo, as health officials warn that the virus could spread further without stronger action.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment