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.
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the rac...
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Ba...
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the secon...
Humanoid robots stumbled, collided and recovered as they battled for the RoboCup 2026 football title on Sunday (5 July), showcasing the latest advance...
U.S. President Donald Trump addressed crowds on Washington's National Mall on Saturday night after severe weather delayed his appearance at celebratio...
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the race at Silverstone Circuit.
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank was held alongside a Business Forum. The event brought together government officials, business leaders and experts from across the region.
Humanoid robots stumbled, collided and recovered as they battled for the RoboCup 2026 football title on Sunday (5 July), showcasing the latest advances in robotics and artificial intelligence at the world's largest competition of its kind.
U.S. President Donald Trump addressed crowds on Washington's National Mall on Saturday night after severe weather delayed his appearance at celebrations marking the United States' 250th independence anniversary.
Russia's Defence Ministry has said its forces are clearing the town of Lyman in Donetsk of Ukrainian forces, Moscow's state news agency Tass reported. Meanwhile, Russian attacks killed at least six people across three Ukrainian regions on Friday, regional officials said.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the race at Silverstone Circuit.
Juan Zapata was just finishing dinner in his fifth-floor apartment overlooking the Caribbean when the twin earthquakes struck Venezuela’s coast on the 24 June, hurling him across the room and into a collapse of concrete and steel.
U.S. President Donald Trump has offered to help find a solution to the war in Ukraine during a 90-minute phone call with Russian President Vladimir Putin, according to the Kremlin.
Wildfires are continuing to burn across southern Europe, forcing people from their homes, damaging property and stretching emergency services as high temperatures and dry conditions create ideal conditions for fast-moving fires.
For the first time in six years, Indian traders are crossing through the Lipulekh Pass in the Himalayas into Tibet to do business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment