SOCAR is building global business beyond Azerbaijan’s oilfields
SOCAR is no longer a company whose fortunes can be understood simply by looking at Azerbaijan’s domestic economy. Its 2025 financial results offer a much broader picture: Azerbaijan’s state oil company is increasingly becoming a global energy business, with a growing share of its commercial activity taking place beyond the country’s borders. That transformation is not only strengthening SOCAR itself; it could also make Azerbaijan’s economy more resilient.
Nakhchivan’s investment boom points to broader economic transformation
The economic indicators emerging from the Nakhchivan Autonomous Republic for the first seven months of 2026 present a compelling narrative of regional revitalisation and strategic expansion. Across key metrics—ranging from gross domestic product expansion to capital formation and trade volumes—the region is demonstrating a structural shift towards broader-based development.
Azeri Light oil price falls to $93.97 per barrel
The price of Azerbaijan’s Azeri Light crude oil fell by $1.42, or 1.51%, at Italy’s Augusta port on a CIF basis, reaching $93.97 per barrel, AzerNEWS reports.
Meta to add Azerbaijan VAT rules to Facebook advertising from September 2026
Meta will begin applying Azerbaijan’s 18% value-added tax (VAT) to Facebook advertising from September 1, 2026, according to information released by the company.
Azerbaijan facilitates another Russian grain shipment to Armenia
A new shipment from Russia to Armenia has been transported in transit through Azerbaijan.
Moscow Region drone attack hits another Wildberries warehouse
A Wildberries warehouse in Koledino and the Northern Domodedovo logistics complex in Russia's Moscow Region came under attack amid a large-scale drone strike.
Rainy weather expected in country's regions
On August 15, the weather in Baku and the Absheron Peninsula is expected to be variably cloudy and mostly dry, AzerNEWS reports citing the National Hydrometeorological Service.
National Library launches e-database in honor of Khagani Shirvani
An electronic information database dedicated to prominent Azerbaijani poet Afzaladdin Khagani Shirvani has been presented to users at the Azerbaijan National Library, AzerNEWS reports.
![Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]](https://www.azernews.az/media/2025/03/22/426x235/17425624306408228467_1200x630.jpg)
Tashkent to host Azerbaijan-Uzbekistan Interregional Forum
The 4th Azerbaijan-Uzbekistan Interregional Forum will be held in Tashkent on August 22.
Neftchi sign American guard Jerod Robinson for rest of season
Azerbaijani basketball club Neftchi have strengthened their roster with the signing of American guard Jerod Robinson, AzerNEWS reports.
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Moscow Region drone attack hits another Wildberries warehouse
10:58 -
Seoul seeks direct talks with Pyongyang to build lasting peace
10:31 -
Oil pollution poses trillion-dollar threat to Gulf ecosystem
10:05 -
Georgia confirms fuel shipment to Abkhazia amid controversy over Russia link
09:37 -
DeepSeek V4 Pro official version, Harness go live on China's National Supercomputing Internet
09:00 -
SOCAR is building global business beyond Azerbaijan’s oilfields
08:30 -
Germany’s auto industry loses over 42,000 jobs in six months
08:00 -
Kobakhidze accuses ‘Deep State’ of seeking to undermine Georgia’s economy by targeting Russian tourism
15 August 23:58 -
Wildfire scorches 1,600 hectares in southwestern France
15 August 23:35 -
Three Iranian pilots reportedly held by Qatar for six months
15 August 22:59 -
11 killed in Israeli strikes on Hezbollah infrastructure in Lebanon
15 August 22:30 -
Israeli Minister warns 'with absolute certainty' that Syria could become “next war”
15 August 22:17 -
Bangladesh seeks Omani partnership to develop AI, biotech sectors
15 August 21:55 -
China handles record number of rail passenger trips in January-July
15 August 21:20 -
Armenian PM Pashinyan signals compromise with Russia over railway issue
15 August 21:11 -
Putin says Russia, North Korea coordinating efforts to ensure regional security, stability
15 August 20:50 -
EasyJet crew members in France have gone on strike
15 August 20:15 -
UAE state oil company says vessel attacked in Hormuz strait
15 August 19:45 -
WhatsApp tests new AI feature to protect users from scam messages
15 August 19:10 -
Circassian activists allege Russian military forcibly mobilised man who later died in custody
15 August 18:53 -
Swiss financial regulator warns banks, insurers over rising cyberattacks, AI risks
15 August 18:40 -
Jeff Bezos-backed group to buy 30% stake in Liverpool for $2.23 billion
15 August 18:05 -
Nakhchivan’s investment boom points to broader economic transformation
15 August 17:35 -
South Korea urges North Korea to discuss ending Korean War
15 August 17:00 -
Türkiye-Turkic states trade hits $9.4 billion in six months
15 August 16:30 -
Ukraine strike may have hit Russian Soyuz rocket production facility
15 August 15:55 -
Azerbaijan’s Khankendi and Romania’s Baia Mare to become sister cities
15 August 15:25 -
Neftchi sign American guard Jerod Robinson for rest of season
15 August 14:50 -
Meta to add Azerbaijan VAT rules to Facebook advertising from September 2026
15 August 14:20 -
Rain and thunderstorms continue across Azerbaijan on August 15
15 August 13:45 -
Oil spill covers more than 300 square kilometers in Strait of Hormuz
15 August 13:15 -
Azerbaijan wins bronze as Saleh Sultanov shines at European Para Judo Championships
15 August 12:40 -
Russia sends another 560 tons of wheat to Armenia through Azerbaijan
15 August 12:10 -
Indonesia earthquake death toll rises to 20 as search and rescue operations continue
15 August 11:35 -
Baku Metro Red and Green lines to be separated in major 28 May Project
15 August 11:05 -
Iran says no decision yet on resuming negotiations with US
15 August 10:30 -
Azeri Light oil price falls to $93.97 per barrel
15 August 10:00 -
Climatologists assess chances of 2026 temperature record
15 August 09:00 -
Azerbaijan, Turkmenistan are turning Caspian into trade bridge
15 August 08:30 -
Apple developed its own AI model for China
15 August 08:00 -
Italy’s government debt hits record €3.2 trillion in June
14 August 23:30 -
Kazakhstan launches major logistics hub
14 August 22:59 -
Sweden votes to lower criminal responsibility age to 14
14 August 22:24 -
US imposes tariffs on drone imports
14 August 21:53 -
Ukraine to accelerate production of strike weapons, Zelenskyy says
14 August 21:25 -
Chinese scientists develop new diabetes treatment
14 August 20:50 -
Over 13,000 Icelanders cast early votes in referendum on EU accession talks
14 August 20:20 -
Nakhchivan’s new chapter: Heritage, governance and changing regional role
14 August 20:00 -
Azerbaijan facilitates another Russian grain shipment to Armenia
14 August 19:45 -
Azerbaijan seeks to turn aluminum into pillar of industrial diversification [ANALYSIS]
14 August 19:15 -
Tashkent to host Azerbaijan-Uzbekistan Interregional Forum
14 August 18:37 -
NATO jets shoot down drone over Latvian airspace
14 August 18:12 -
National Library launches e-database in honor of Khagani Shirvani
14 August 17:45 -
Baku, Beijing discuss expansion of law enforcement cooperation [PHOTOS]
14 August 17:23 -
Azerbaijan’s natural gas exports to Türkiye reach $1.26 billion
14 August 17:05 -
Rainy weather expected in country's regions
14 August 16:46 -
Azerbaijan, Georgia reaffirm commitment to strategic partnership
14 August 16:23 -
Azerbaijan, China’s CITIC Group discuss $1.5 billion-scale AI computing platform [PHOTOS]
14 August 16:07 -
SOCAR’s Swiss revenue accounts for nearly 59% of sales in 2025
14 August 15:50 -
National gymnast shines at Rhythmic Gymnastics World Championships
14 August 15:26 -
White House announces new tariffs on drones over national security concerns
14 August 15:09 -
SOCAR’s revenue reaches AZN 86.3 billion as profit surges in 2025
14 August 14:52 -
Caspian Sea at turning point after two decades of environmental cooperation
14 August 14:35 -
Azerbaijan Premier League's new season starts today
14 August 14:12 -
Azerbaijan’s electricity exports to Iran jump 60% in first half of 2026
14 August 13:49 -
White House accuses more than 40 countries of helping China
14 August 13:28 -
Kazakhstan increases oil shipments to BTC pipeline via Aktau port
14 August 13:11 -
Azerbaijan's Ismayilli-1 Hydropower Plant generates 39.8 million kWh of electricity
14 August 12:54 -
Caspian Sea Day celebrated in Baku with environmental and inclusive programme [PHOTOS]
14 August 12:39 -
Azerbaijan resettles 22 families in Khankendi under Great Return programme [PHOTOS]
14 August 12:25 -
Sumgayit Industrial Park to host AZN 27.5 million bun production project
14 August 12:03 -
Houthis claim strike on Saudi Aramco oil facility in Jizan
14 August 11:44 -
Gold price drops to $4,332.90 per ounce on COMEX
14 August 11:25 -
Putin gets unlikely ally as Europe’s heat disrupts Ukraine’s supply routes
14 August 11:02 -
Theatrical premieres and iconic productions by renowned directors to be showcased as part of Baku Int'l Arts Festival [PHOTOS]
14 August 10:43 -
Pakistan at 79: From independence struggle to regional strategic influence [PHOTOS]
14 August 10:35 -
Azeri light holds above $90 as oil traders watch Strait of Hormuz talks
14 August 10:21 -
Baku to host U17 Beach Wrestling World Championships for first time
14 August 10:00 -
AI companies’ environmental impact called enormous
14 August 09:00 -
Azerbaijan’s oil price buffer widens as Brent surges above budget benchmark [ANALYSIS]
14 August 08:30 -
U.S. creates department to fight “birth tourism”
14 August 08:00 -
China’s air and water quality improved
13 August 23:30 -
Istanbul Airport handles 48 million passengers as Türkiye’s air traffic expands
13 August 22:59 -
Lenovo shares jump after record revenue
13 August 22:25 -
Incheon Airport tops world in international passenger traffic
13 August 21:55 -
Investment income props up Türkiye’s insurers as underwriting losses widen
13 August 21:20 -
Ukraine carries out world's first sea drone combat robot landing
13 August 20:45 -
Baku and Yerevan seek to turn peace into economic interdependence
13 August 20:14 -
Türkiye’s century vision faces its biggest test in human capital
13 August 19:51 -
Poland may send another batch of Patriot missiles to Ukraine
13 August 19:27 -
Hormuz closure pushes shipping company’s expenses near $600 million
13 August 18:59 -
Azerbaijan’s natural gas exports to Syria reach $194 million
13 August 18:32 -
Azercell expands Crisis Management Group project across regions [PHOTOS]
13 August 18:15 -
Mouthwatering nut delicacies passed down through generations
13 August 17:51 -
Azerbaijan facilitates transit of Russian wheat to Armenia
13 August 17:28 -
Iran warns US over 'misinformation'
13 August 17:09 -
Sabah FC make history as youngest club in UEFA Champions League play-offs
13 August 16:50 -
Aviation industry expected to add $4.1 trillion to global economy
13 August 16:27 -
Last solar eclipse of year lats more than four hours
13 August 16:05 -
Nikol Pashinyan appoints Alen Simonyan as Armenia’s Security Council Secretary
13 August 15:47