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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Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a dozen injured, Ukrainian officials said.
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