UP

Israel and Azerbaijan to ink strategic energy agreement

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Israel and Azerbaijan to ink strategic energy agreement

Azerbaijan will on Monday sign agreements to explore for natural gas in Israeli waters, highlighting a key strategic alliance between the two countries amid turbulence in the region.

Axar.az reports according to Bloomberg, a consortium of Azeri state company Socar, BP Plc and Israel’s NewMed Energy LP will get the right to explore in one offshore block, in a signing overseen by Azerbaijan Economy Minister Mikayil Jabbarov and Israeli Energy Minister Eli Cohen, according to the Israeli energy ministry.

The agreement gives Socar another foothold in important Israeli assets after the company bought a 10% stake in the Tamar gas field earlier this year.

Date
2025.03.17 / 18:30
Author
Axar.az
See also

Global oil prices continue downward trend

Oil prices fall further on global markets

Global oil prices extend decline

Azerbaijan’s GDP projected at 169.1b manats by 2030

Global oil prices edge lower

Azerbaijan to finance 86.9% of 2027 deficit through borrowing

Netherlands investment in Azerbaijan hits $60.1 million

Azerbaijan imports 631,686 tons of wheat in seven months

Azeri Light rises to $128.03 per barrel

Azeri Light surges 6% as Brent declines

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla