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.
U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
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.
The World Bank has approved over $1 billion in new funding to support rebuilding efforts and infrastructure development in Iraq, Syria, and Lebanon.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
Rafael Mariano Grossi, head of the International Atomic Energy Agency (IAEA), said Iran’s cooperation with the agency is not optional but a legal requirement.
U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment