Publications
Azerbaijan’s SOCAR Invests in Türkiye’s Energy Sector
By Fuad Shahbazov, Baku-based independent regional security and defence analyst
On January 6, the State Oil Company of the Republic of Azerbaijan (SOCAR) announced plans to invest $7 billion in Türkiye’s energy sector in the coming years. Between 2008 and 2024, SOCAR Türkiye, SOCAR’s local subsidiary, invested $2 billion into the development of the petrochemical facilities of the Petkim petrochemical company privatized by SOCAR. The total investments of the company in the Turkish economy accounted for more than $18 billion between the same period, making the company the largest foreign investor in the country. In 2018, Azerbaijan made its largest one-time foreign investment in Türkiye by establishing the SOCAR Star Oil Refinery, which has an oil processing capacity of approximately 214,000 barrels per day. SOCAR’s steady inroads into Türkiye and further into the Balkans and Eastern Europe enable Baku to implement its geopolitical and geoeconomic interests while boosting strategic alliance with Ankara in many important fields READ MORE
Publications
The U.S.-Armenia Strategic Partnership Charter: What to expect next?
By Yeghia TASHJIAN, Beirut-based regional analyst and researcher, columnist, "The Armenian Weekly”
On January 14, 2025, as U.S. President Joe Biden’s administration breathed its last days, Armenia and the United States signed a Strategic Partnership Charter in Washington, D.C. The document was signed by Armenia’s Foreign Minister Ararat Mirzoyan and U.S. Secretary of State Antony Blinken. This article will highlight the key points of the agreement and present a reflection and analysis on how Armenia can benefit from the Charter to pursue its foreign policy goals, amid the regional reaction and the Azerbaijani president’s recent threats against Yerevan.
As per the agreement, both countries affirm the importance of their relationship as “friends and strategic partners.” They emphasize that this cooperation is based on “shared values and common interests,” which include democracy, economic freedom, sovereignty, and territorial integrity. They also aim to collaborate on innovation and technological advances, bolster energy security and strengthen their relationship in the fields of education, science, culture, rule of law, defence, and security.
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Publications
The Increasing Role of the “Trans-Caspian Corridor” in the Global Supply Chain
By Vusal GULIYEV, Head of Shanghai Office at AZEGLOB Consulting Group and Policy Expert at the Baku-based Topchubashov Center
The strategic importance of the Trans-Caspian International Transport Route (TCITR) has grown in recent years, paralleling geopolitical and economic developments on both global and regional scales. Against the backdrop of global logistics markets adapting to new conditions, the development of this multifaceted transport route, which encompasses transit states in Central Eurasia such as Azerbaijan, Türkiye, Kazakhstan, and Georgia, has become a priority for many nations and multinational corporations. Following prolonged delays in traditional transport and logistics corridors caused by the COVID-19 pandemic, the Trans-Caspian Corridor began to gain prominence in global freight transport. Its importance was further highlighted after the escalation of the Russia-Ukraine war, creating new long-term opportunities for the sustained development of this multimodal trans-regional route. READ MORE