By 2040, Share of Hydrocarbons in Global Energy Balance to Decrease by 15%

US President D. Trump signed an order imposing 25% tariffs on goods imported into the US from Canada and Mexico, as well as a 10% tariff on Canadian energy resources, effective from February 4, 2025.

Azerbaijan's State Oil Company (SOCAR) signed an agreement on January 31 with Union Energy to acquire a 10% stake in the Israeli offshore gas field "Tamar."

Azerbaijan's State Oil Company (SOCAR) has initiated its first project on ground-based airborne gravity surveys in collaboration with the renowned British company Metatek. "The aim of this advanced study is to obtain highly accurate geological data across vast areas in the shortest possible time," said SOCAR.

The Bulgarian Energy and Water Regulatory Commission (EWRC) announced an increased role for Azerbaijani natural gas in the country’s energy balance, a message on the regulator's website.