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.
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The U.S. and Iran exchanged fire in and around the Strait of Hormuz, though both sides signalled they did not want escalation. The clashes come as Washington awaits Tehran’s response to a proposed deal to end the war while leaving key disputes, such as Iran’s nuclear programme, unresolved for now.
Leaders of Southeast Asian nations gathered in the Philippines on 8 May for an ASEAN summit focused heavily on the economic fallout from the Middle East conflict, with member states seeking a coordinated response to rising energy and food security risks.
Countries worldwide sought to prevent the further spread of the hantavirus on Thursday, after an outbreak on a cruise ship, by tracking those who had disembarked before the virus was detected and anyone who had close contact with them since.
A federal judge on 7 May ruled that the Trump administration’s cancellation of hundreds of humanities grants under the Department of Government Efficiency (DOGE) was unconstitutional and amounted to “blatant viewpoint discrimination”.
The U.S military said it carried out retaliatory strikes on Iran on Thursday (7 May). Meanwhile, Iran's Joint Military Command accused the U.S. of breaching the ceasefire, by striking an Iranian oil tanker in the Strait of Hormuz and launching attacks on several Iranian cities.
U.S. President Donald Trump said that Iran wanted to negotiate and make a deal in comments to reporters on Wednesday (6 May). But earlier, he warned Washington would ramp up attacks if no agreement was reached.
Argentinian authorities are reconstructing the journeys of Dutch citizens who presented with symptoms of deadly hantavirus after visiting Argentina and Chile as part of a luxury cruise trip, the country's Health Ministry said in a statement on Wednesday (6 May)
Latvian authorities said two drones entered NATO member Latvia from Russian territory and crashed on Thursday morning, with officials linking them to Ukraine’s wider drone operations against targets in Russia.
The Formula 1 Azerbaijan Grand Prix 2026 will mark its 10th anniversary with a major entertainment programme in Baku, headlined by global pop star Katy Perry.
A federal judge on 7 May ruled that the Trump administration’s cancellation of hundreds of humanities grants under the Department of Government Efficiency (DOGE) was unconstitutional and amounted to “blatant viewpoint discrimination”.
U.S. President Donald Trump will meet Chinese leader Xi Jinping in Beijing next week on a two-day visit, his first trip to China in eight years. Delayed for two months by the Iran conflict, Taiwan, industrial matters, and the Strait of Hormuz are likely to dominate the talks.
China’s Belt and Road Initiative recorded its strongest year since launch in 2025, with Chinese investment and construction activity surging across Asia, Africa and the Middle East despite years of criticism that the programme was losing momentum.
Two Chinese-British dual nationals have been found guilty by a London court of spying for China. Chung Biu “Bill” Yuen, 65, and Chi Leung “Peter” Wai, 40, targeted prominent Hong Kong pro-democracy activists living in the UK, whom they referred to as “cockroaches.”
The World Health Organization (WHO) has confirmed five of eight suspected hantavirus cases linked to the luxury cruise ship MV Hondius. The U.N. health agency warned on Thursday (7 May) that more infections could emerge because of the virus’s long incubation period.
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