UP

Israel and Azerbaijan to ink strategic energy agreement

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

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

Gold hits historic high

Oil prices drop again on global markets

Oil prices rise on global markets

SOFAZ boosts gold investments

Oil prices rise again on global markets

Gold price hits historic high

Oil prices fall again

Oil prices rise on global markets

In March, China posted a trade surplus of $102.6 billion

Oil prices slightly down on global markets

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