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Friday, November 6, 2026
SOCAR’s US gas deal advances Azerbaijan’s ambitions as global energy investor

SOCAR’s US gas deal advances Azerbaijan’s ambitions as global energy investor

SOCAR’s $1.65 billion agreement with Comstock Resources reshapes the geography of Azerbaijan’s energy investments. By acquiring interests in the Legacy Haynesville and Western Haynesville upstream assets and a share of Pinnacle Gas Services, Azerbaijan’s state oil company is purchasing exposure to the United States’ natural gas economy. The central question is how effectively it converts national capital into durable foreign earnings and a stronger international position.

Beijing backs Azerbaijan's sovereignty and seeks wider strategic partnership

Beijing backs Azerbaijan's sovereignty and seeks wider strategic partnership

China has reaffirmed its support for Azerbaijan’s sovereignty and territorial integrity while expressing readiness to deepen cooperation across political, economic, transport and international affairs. The commitments were outlined by Chinese Ambassador to Azerbaijan Lu Mei during a briefing in Baku on the outcomes of the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) and recent bilateral developments.

Azeri Light oil prices rise in Augusta and Ceyhan

Azeri Light oil prices rise in Augusta and Ceyhan

The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $0.03, or 0.03%, compared with the previous figure, reaching $106.84 per barrel.

Azerbaijan's non-oil tax revenues rise 13.1% to nearly $7 billion

Azerbaijan's non-oil tax revenues rise 13.1% to nearly $7 billion

Azerbaijan's tax revenues from the non-oil and gas sector increased by 13.1% year on year to AZN 11.78 billion ($6.93 billion) in January–October 2026, according to the State Tax Service under the Ministry of Economy.

Azerbaijan, Italy expand military cooperation

Azerbaijan, Italy expand military cooperation

Pursuant to the bilateral military cooperation plan signed between the Ministries of Defense of Azerbaijan and Italy, training course was conducted with the involvement of civil-military cooperation (CIMIC) experts from both countries, service members representing main departments, departments, and types of troops of the Azerbaijan Ministry of Defense.

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