Azerbaijan Signs $7.5 Billion in Deals with U.S. and Turkish Partners

Azerbaijan's International Agreement Package

According to ХВИЛЯ: Azerbaijan has finalized a series of agreements worth approximately $7.5 billion with companies from the United States, Turkey, Serbia, France, and San Marino. These deals span multiple sectors including energy, investment, digital technology, artificial intelligence, and critical minerals. As part of the package, SOCAR signed a long-term gas supply agreement with TotalEnergies, XRG, and BOTAŞ to deliver 50% of production from the Absheron field to Turkey over a 15-year period.

Global Partners and Key Deals

Major international corporations involved in these agreements include:

• Shell
• Chevron
• Oracle
• JP Morgan
• Apollo Global Management
• Comstock Resources

A landmark moment was the signing of a framework agreement between Azerbaijan and the United States focused on cooperation in extracting and processing critical minerals and rare earth elements. Additionally, terms were finalized with Serbia's EPS to establish a joint venture for building a gas-fired power plant in Niš.

SOCAR also inked a memorandum with JP Morgan to develop a long-term partnership for financing strategic projects. Deals with Apollo Global Management and Apollo Capital Management aim to increase funding for the Trans-Anatolian Natural Gas Pipeline (TANAP) to $300 million. Agreements with Shell cover collaboration on improving extraction efficiency, exploring new fields, expanding LNG operations, and leveraging artificial intelligence technologies.

Chevron is participating in a technical study of oil and gas potential in Azerbaijan's sector of the Middle Caspian, while Comstock Resources is evaluating investment opportunities in gas projects. Azerbaijan's Ministry of Economy and SOCAR signed agreements with Oracle and Lummus Technology focusing on cooperation in refining, petrochemicals, and digital transformation. A separate deal with Haimaker targets the development of cloud infrastructure for AI technologies.

A significant development was the transfer of control over the Baku-Supsa oil pipeline (WREP) to state entities of Azerbaijan and Georgia. The pipeline stretches approximately 829 kilometers with an annual capacity of around 5.2 million tons of crude oil. The Baku-Supsa route is being considered as a potential channel for transporting additional oil volumes from Kazakhstan. Azerbaijan is also advancing Trans-Caspian routes and the Middle Corridor, including the Baku-Tbilisi-Kars railway, which provides a direct link between Azerbaijan, Georgia, and Turkey.

These agreements were signed during the Baku Energy Week and the First Azerbaijan-U.S. Economic Dialogue, underscoring the importance of bilateral cooperation in energy and investment.

The signed accords reflect Azerbaijan's active engagement in the international energy market and its growing role as a key player in regional energy security.

Collaboration with leading global companies is expected to drive technological progress and improve resource extraction efficiency, positively impacting the country's economy.

As Azerbaijan strengthens its international partnerships, the region's energy dynamics are also evolving. Notably, a recent agreement has paved the way for Azerbaijani oil and gas to transit through Ukraine to the Czech Republic, enhancing energy security across Europe. This development complements Azerbaijan's broader strategy of expanding its energy reach and collaboration with global partners. For further details on this pivotal agreement, visit the latest updates on Azerbaijani energy transit.