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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Optimism grew on Thursday that the war in the Middle East may be near an end, with a key Pakistani mediator in Tehran and the administration of President Donald Trump talking up hopes for a deal that would open the crucial Strait of Hormuz.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Kazakhstan and Türkiye are intensifying efforts to expand economic cooperation, setting a target to increase bilateral trade to $15 billion as both countries build on steady growth and broaden investment ties.
Kuwaiti authorities have detained U.S.-Kuwaiti journalist Ahmed Shihab-Eldin, who has not been seen for six weeks, according to a media watchdog, as Gulf states intensify a crackdown on war-related filming and online posts.
A preliminary round of Lebanon-Israel talks has concluded in Washington, marking a tentative diplomatic step as regional tensions rise. The development comes as the United States launches a naval blockade of Iranian ports.
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic island’s future.
Spain’s plan to grant legal status to hundreds of thousands of undocumented migrants is facing early resistance, with immigration officers warning they may strike over a lack of preparation and resources.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Dubai’s most iconic hotel, the Burj Al Arab, is set to close for the first time since opening in 1999 as it begins an extensive 18-month refurbishment aimed at preserving its status as a global symbol of luxury.
Relations between China and Russia are gaining fresh momentum, with recent developments highlighting closer military and diplomatic cooperation.
France is set to vote on a controversial law targeting what it calls “new forms” of antisemitism, sparking sharp divisions and raising concerns over free speech, criticism of Israel and the protection of Jewish communities.
Hungary’s election winner, Péter Magyar, said on Wednesday his cabinet could be sworn in by mid-May, with Magyar taking office as prime minister, and pledged swift action to unlock billions in suspended European Union funding.
A former NATO chief and senior figure the UK's ruling Labour Party has launched a sharp attack on Prime Minister Keir Starmer, accusing his government of failing to adequately fund defence.
Russia has signalled it is ready to increase energy supplies to China, underscoring deepening ties between the two powers ahead of an expected visit by President Vladimir Putin.
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