Azernews.Az

Sunday, August 16, 2026
SOCAR is building global business beyond Azerbaijan’s oilfields

SOCAR is building global business beyond Azerbaijan’s oilfields

SOCAR is no longer a company whose fortunes can be understood simply by looking at Azerbaijan’s domestic economy. Its 2025 financial results offer a much broader picture: Azerbaijan’s state oil company is increasingly becoming a global energy business, with a growing share of its commercial activity taking place beyond the country’s borders. That transformation is not only strengthening SOCAR itself; it could also make Azerbaijan’s economy more resilient.

Nation
US State Department notifies Congress of extension of Azerbaijan's waiver from Section 907

US State Department notifies Congress of extension of Azerbaijan's waiver from Section 907

The U.S. Department of State has informed Congress that it has extended the waiver of Section 907 of the Freedom Support Act with regard to Azerbaijan.

Oil & Gas
Azeri Light oil price falls to $93.97 per barrel

Azeri Light oil price falls to $93.97 per barrel

The price of Azerbaijan’s Azeri Light crude oil fell by $1.42, or 1.51%, at Italy’s Augusta port on a CIF basis, reaching $93.97 per barrel, AzerNEWS reports.

Business
Meta to add Azerbaijan VAT rules to Facebook advertising from September 2026

Meta to add Azerbaijan VAT rules to Facebook advertising from September 2026

Meta will begin applying Azerbaijan’s 18% value-added tax (VAT) to Facebook advertising from September 1, 2026, according to information released by the company.

Armenian-Azerbaijani Relations
Azerbaijan facilitates another Russian grain shipment to Armenia

Azerbaijan facilitates another Russian grain shipment to Armenia

A new shipment from Russia to Armenia has been transported in transit through Azerbaijan.

World
European interceptors must not remain in storage, Zelenskyy says

European interceptors must not remain in storage, Zelenskyy says

Ukrainian President Volodymyr Zelenskyy has called on European partners to provide more air defense systems and interceptors to help protect Ukraine from attacks.

Analysis

Lifestyle
Rainy weather expected in country's regions

Rainy weather expected in country's regions

On August 15, the weather in Baku and the Absheron Peninsula is expected to be variably cloudy and mostly dry, AzerNEWS reports citing the National Hydrometeorological Service.

Culture
National Library launches e-database in honor of Khagani Shirvani

National Library launches e-database in honor of Khagani Shirvani

An electronic information database dedicated to prominent Azerbaijani poet Afzaladdin Khagani Shirvani has been presented to users at the Azerbaijan National Library, AzerNEWS reports.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Events
Azerbaijan promotes tourism potential in Moscow [PHOTOS]

Azerbaijan promotes tourism potential in Moscow [PHOTOS]

The Azerbaijan Tourism Board’s representative office in Russia, in cooperation with Russian tour operator FUN&SUN, held a presentation of Azerbaijan’s tourism opportunities in Moscow.

Sports
Neftchi sign American guard Jerod Robinson for rest of season

Neftchi sign American guard Jerod Robinson for rest of season

Azerbaijani basketball club Neftchi have strengthened their roster with the signing of American guard Jerod Robinson, AzerNEWS reports.

Latest See more