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24.12.25

At the beginning of January 2026, SOCAR Türkiye Energy AŞ (STEAS), a subsidiary of the State Oil Company of Azerbaijan (SOCAR), announced plans to establish a new company in Türkiye under the Front-End Engineering Design (FEED) framework to produce ethylene, polyethylene, and polypropylene (polyolefins). A total of $7 billion is planned to be invested in the newly established company, according to Vesti.az.

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23.12.2025

The 2nd Azerbaijan–Türkiye Investment Forum was held in Baku, jointly organized by the Türkiye–Azerbaijan Businesspeople and Industrialists Union (TÜİB) and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), with the support of the Ministry of Economy of Azerbaijan and the Ministry of Trade of the Republic of Türkiye.

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10.12.25

The State Oil Company of Azerbaijan (SOCAR) and Hungary’s MVM ONEnergy signed an agreement in Baku on the export of natural gas. The agreement will enter into force on January 1, 2026, and will further strengthen the strategic energy partnership between Azerbaijan and Hungary. The document was signed by SOCAR President Rovshan Najaf and CEO of the MVM Group Károly Mátrai, according to SOCAR’s press service.

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08.12.25

The Turkic Investment Fund will begin financing projects in the first quarter of 2026, Azerbaijan’s Ministry of Economy reported, according to Interfax-Kazakhstan. According to the ministry, this decision was made at the 2nd meeting of the Fund’s Board of Governors held in Bishkek on December 5.

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05.12.25

Azerbaijan continues to strengthen its position as one of the most visited destinations for Central Asian travellers. According to the State Border Service of Azerbaijan, more than 87,800 Kazakh citizens visited the country in January–October 2025,  a 19.4% increase compared to the previous year. Kazakh tourists accounted for 4% of all foreign visitors.

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07.11.25

Azerbaijan is one of the main participants of the Middle Corridor and is among the newly emerging global logistics hubs. This was stated in a report published by Allianz Trade (AT).

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21.10.25

Saudi Arabia’s ACWA Power, the United Arab Emirates’ Masdar, and Azerbaijan’s SOCAR Green have announced the establishment of a consortium named “Caspian Breeze.” The news was reported by the Information Service of the Renewable Energy Sources Agency under the Ministry of Energy of Azerbaijan.

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15.10.25

Azerbaijan and Kazakhstan are taking an important step to further strengthen bilateral relations: both sides are considering the possibility of increasing the number of direct flights and expanding cooperation in the field of air transport.

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14.10.25

In the field of transport cooperation, the volume of transit cargo transportation between Azerbaijan and Kazakhstan is increasing. According to the “Report” agency, Azerbaijan’s Minister of Energy, Parviz Shahbazov, made this statement during the 21st meeting of the Azerbaijan–Kazakhstan Intergovernmental Economic Cooperation Commission held in Baku.

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04.10.25

Azerbaijan plans to implement four international “green energy” corridors to export electricity generated from renewable green energy sources (RES). According to the government, the first of these corridors will be launched between 2026 and 2027.