Belgian representative office of SOCAR (State Oil Company of Azerbaijan) has been registered in the Transparency Registry, which was created and operated by the European Parliament and the European Commission.
According to the representative office of SOCAR, the registry will allow the EU citizens to collect accurate and unbiased information on the state oil company, including the company's interests, policies, and invested resources.
Registration of SOCAR in the Transparency Registry and full compliance with the Code of Conduct is an indicator of social responsibility of the company.
Thus, the State Oil Company adopts the rules of the EU and in a transparent manner creates relationship with the EU institutions.
SOCAR’s registration will allow to make public the company's participation in the processes of the EU, and create a special opportunity to bring to a wider audience their interests and goals.
Participation in the registry will provide SOCAR’s cooperation with the European Parliament and the European Commission, according to the representative office of SOCAR.—0-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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