Equinor divests its 7.27% stake in the ACG oil field and 50% in the Karabakh oil field, as well as an 8.71% stake in the BTC pipeline. The sale strengthens SOCAR's control over Azerbaijan's key oil ...

By News.Az British energy major BP has officially transferred the operatorship of the Baku-Tbilisi-Ceyhan (BTC) oil export ...

Equinor set to its stake in two oilfield in Azerbaijan. The Norwegian oil major will also sell its shares in the Baku Tbilisi Ceyhan oil pipeline to SOCAR. The timing of the sale suggests that Equinor ...

The spotlight is on Azerbaijan as the small petrostate in the South Caucasus hosts the U.N.’s biggest climate conference. Diplomats from across the world will descend on the capital Baku for the ...

For SOFAZ, gold is used as a hedge against external shocks, inflation and broader market stress. A larger allocation can help protect capital and reduce exposure to volatility. The State Oil Fund of ...

Equinor ASA and State Oil Co. of Azerbaijan Republic (SOCAR) have reached an agreement by which Equinor will divest all its remaining assets in Azerbaijan to SOCAR. The assets comprise a 7.27% ...

Norway's national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan's state oil company SOCAR and will ...

Azerbaijan's ecology minister has been named to lead the United Nations' annual climate talks later this year, prompting concern from some climate activists over his former ties to the state oil ...

At COP29, Azerbaijan’s Ministry of Energy and British oil giant bp signed an investment agreement for a 240MW solar PV plant. Image: Azerbaijan’s Ministry of Energy. Azerbaijan plans to build 6GW of ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. As one of the leading symposiums on climate change, the United Nations ...