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The Latest Breaking News from Socar

SOCAR acquisition of Italy’s Italiana Petroli finalised after EU clearance

SOCAR has completed its acquisition of Italiana Petroli after securing all regulatory approvals, marking a major expansion of its downstream presence in Italy and strengthening its position in Europe’s energy market.

Euronews

Why investment in Caspian transit routes is crucial for energy security

As old energy routes buckle under the pressure of war and geopolitical disruption, governments and companies are converging on the Caspian region as the corridor that could keep Eurasia's energy flowing.

Euronews

SOCAR gets EU green light for major Italian petrol bid

The European Commission cleared the acquisition of Italiana Petroli, paving the way for Baku to deepen its footprint in Europe’s downstream energy market.

Euronews

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Aliyev says Russia 'deliberately attacked' Azerbaijani embassy in Kyiv

In a direct statement at the Munich Security Conference, Azerbaijan’s President Ilham Aliyev declared that Russia “deliberately attacked” the Azerbaijani embassy and its infrastructure in Ukraine even after Baku supplied Moscow with the coordinates of its diplomatic missions.

Euronews

Ukraine war briefing: Trump ‘not really’ considering supplying Tomahawks

Turkish refineries cut back on Russian oil in response to sanctions; Ukrainian special forces join defence of embattled Pokrovsk. What we know on day 1,349

The Guardian - AU

Azerbaijan and Israel strengthen ties with gas exploration deal

Baku is expanding its energy strategy beyond Central Asia by solidifying its presence in Israel.

Euronews

String of UK peers accepted free trips to authoritarian Azerbaijan

Human rights groups say endorsements by members of the House of Lords hosting events and acting as election observers risk legitimising regime

The Guardian - UK

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‘It’s really an honour’: people of oil-rich Azerbaijan welcome climate summit

Cop29 is taking place in a country whose economy has long been dependent on its oil reserves

The Guardian - UK

Climate crisis and conflict in Gaza are ‘interlinked’, protesters say

Around 1,000 protesters gathered in central London on Saturday to demand an end to fossil fuels and ‘UK complicity in the Gaza genocide’.

Evening Standard

Carbon credit trade rules approved, breaking lengthy deadlock – Cop29 day one, as it happened

Draft decision on article 6 approved with no objections

The Guardian - UK

Cop29 CEO filmed agreeing to facilitate fossil fuel deals at climate summit

Elnur Soltanov recorded speaking with fake oil and gas group that asked for deals in exchange for sponsoring talks

The Guardian - UK

Climate summit in Azerbaijan criticised over fossil fuel influence

UN climate summits are at risk of “undue corporate influence" and "fossil fuel industry capture”, two corruption watchdogs warned, as oil and gas producer Azerbaijan prepares to host the Cop29 in November.

Radio France Internationale

Cop29 host Azerbaijan set for major fossil gas expansion, report says

Exclusive: Those with ‘interest in keeping world hooked on fossil fuels’ should not oversee climate talks, say report authors

The Guardian - UK

Protests escalate in Turkey over Azerbaijani oil shipments to Israel amid embargo

Protests in Turkey are intensifying over Azerbaijani oil deliveries to Israel. Despite Turkish President Recep Tayyip Erdogan imposing a trade embargo on Israel over its war against Hamas, the trade, which passes through a Turkish port, continues.

Radio France Internationale

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Texas Observer

‘You are the best El Jefe!’: Henry Cuellar’s Alleged Brazen Foreign Bribery Schemes

The powerful Laredo congressman is indicted for allegedly acting as a foreign agent for Azerbaijan and a Mexican bank in exchange for at least $600,000 in bribes.

International Business Times

Gas Booming For UN COP29 Host Azerbaijan

Following the UN's COP28 climate talks in oil-fuelled Dubai, the COP29 conference is headed for the historic cradle of oil, Azerbaijan, which is in the midst of a gas boom.

France 24

'Pushes us closer to the abyss': Former Azerbaijani oil executive to head COP29

Azerbaijan's ecology minister and former oil executive Mukhtar Babayev was on Friday appointed to lead the United Nations' annual climate talks in a move that has sparked concern among NGOs and environmentalists who voiced similar worries over last year’s COP28 chair Sultan Al Jaber, chief of the United Arab Emirates’…

Radio France Internationale

Azerbaijan names former oil executive to head Cop29 climate talks

Mukhtar Babayev, Azerbaijan’s Minister of Ecology and Natural Resources, has been named as president-designate of the Cop29 climate conference. He will be the second oil executive in a row to head the global environmental summit after UAE's Sultan Al Jaber in 2023.

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The Independent UK

Anger as oil and gas industry veteran chosen to lead next Cop climate talks

‘A dangerous and very unwelcome pattern is developing – the oil industry capture of the COP process,’ says Green Party co-leader

The Guardian - UK

Oil industry veteran to lead next round of Cop climate change summit

Mukhtar Babayev is named president-in-waiting of UN climate summit to be held in November

The Guardian - UK

Shell and Vitol accused of prolonging Ukraine war with sanctions ‘loophole’

Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’

Reuters

Europe wary of Turkish hub to hide gas 'made in Moscow'

President Vladimir Putin's plan to make Turkey a hub for Russian gas in theory could allow Moscow to mask its exports with fuel from other sources, but that might not be enough to persuade Europeans to buy, analysts and sources said.

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