Baku Energy Week 2025 has become a dynamic platform for major energy stakeholders, spotlighting strategic oil, gas, and renewable projects that reinforce Azerbaijan’s global energy role and green ambitions.
At Baku Energy Week 2025, Azerbaijan has reaffirmed its pivotal role in the global energy landscape by finalising a series of high-profile agreements with regional and international players. The event, which includes the Baku Energy Forum and the Caspian Oil and Gas Exhibition, has brought together leading industry figures to discuss energy security, sustainability, and future cooperation.
A landmark agreement has been signed between Türkiye’s state oil company TPAO, Azerbaijan’s SOCAR, and BP for the joint development of the Shafaq-Asiman offshore gas block in the Caspian Sea. Under this agreement, TPAO acquires a 30% stake, marking deeper trilateral collaboration aimed at enhancing oil and gas output.
Azerbaijan's Minister of Energy and Natural Resources, Alparslan Bayraktar, stated: "Turkish Petroleum is entering the Shafaq-Asiman field as a partner. We have acquired a 30 percent stake... Our efforts in this area will continue to grow."
Meanwhile, ExxonMobil and SOCAR have reached a deal to explore onshore oil and gas production, while BP is reportedly eyeing additional offshore opportunities in Azerbaijani waters.
BP executives also highlighted progress on long-term energy initiatives, including the electrification of the Sangachal Terminal and the development of the deep gas field associated with the ACG complex. New ventures in the Karabakh and Adur fields are also in the pipeline.
On the renewable front, Azerbaijan and BP confirmed the construction of a 240 MW solar power plant in Jabrayil, set for completion by 2027. This $200 million project supports the country’s green energy goals and will supply electricity to the liberated territories.
China’s Energy China and the Ministry of Energy of Azerbaijan signed a strategic cooperation agreement, paving the way for future investment in offshore wind power, solar energy, and modernisation of the national grid. The partnership has already mobilised significant engineering and consulting resources.
Mazdar, active in Azerbaijan since 2021, presented progress on several renewable projects, including the Garadagh solar plant, which has already generated over 700 million kWh of clean energy. Ongoing and upcoming projects under Mazdar’s "Project Mega" umbrella are expected to contribute up to four gigawatts of renewable energy in the coming years.
This 30th edition of Baku Energy Week reflects both the country’s oil and gas legacy and its forward-looking energy transition strategy, solidifying Azerbaijan’s stature as a regional and global energy hub.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore naviga...
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies...
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) ...
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait ...
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational...
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies attempt to manage their economic rivalry and avoid further tensions.
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) has asked a U.S. judge to dismiss President Donald Trump's $10 billion defamation suit over a 2024 documentary, arguing his re-election proves the edited 2021 speech did not harm his reputation.
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait of Hormuz to protect commercial shipping and help restore the flow of global oil supplies.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
The process of evacuating foreign diplomats and citizens from Iran to Azerbaijan through the Astara state border crossing continues on Sunday (15 March), ensuring smooth and efficient transit for those arriving.
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies attempt to manage their economic rivalry and avoid further tensions.
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) has asked a U.S. judge to dismiss President Donald Trump's $10 billion defamation suit over a 2024 documentary, arguing his re-election proves the edited 2021 speech did not harm his reputation.
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational Command.
Russia has imposed a fine of 35 million roubles (around $432,366) on the messaging platform Telegram for failing to remove content deemed illegal by the authorities, according to the Interfax news agency.
Madagascar's president, Michael Randrianirina announced the appointment of anti-corruption chief Mamitiana Rajaonarison as prime minister, six days after dismissing the previous premier along with the entire cabinet.
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