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.
Kazakhstan has vowed to speed up its investigation into the Azerbaijan Airlines (AZAL) crash near Aktau, as mounti...
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a...
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions ...
Seven opposition parties in Georgia have formed a coordinated alliance ahead of upcoming elections, saying it aims...
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country&rs...
Kazakhstan has vowed to speed up its investigation into the Azerbaijan Airlines (AZAL) crash near Aktau, as mounting diplomatic pressure and geopolitical tensions push the disaster further into the international spotlight.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
Shahid Motahari Sub-Speciality Hospital in northern Tehran and parts of the Golestan Palace were bombed on day two of the U.S.‑Israel strikes. AnewZ Touraj Shiralilou is in Iran's capital city and said that the facility was flattened in an airstrike.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
Türkiye raised its security level for Turkish-flagged vessels in the Strait of Hormuz to Level 3 on Sunday (2 March). The development follows Iranian restrictions on shipping after U.S. and Israeli strikes and confirmation of Supreme Leader Ali Khamenei’s death.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 3rd of February, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment