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Saturday, August 8, 2026
Powering Azerbaijan’s post-oil horizons: why SOFAZ’s Peruvian venture matters

Powering Azerbaijan’s post-oil horizons: why SOFAZ’s Peruvian venture matters

In the complex landscape of sovereign wealth management, true resilience is rarely achieved through passive market tracking or over-concentrated regional holdings. When the State Oil Fund of the Republic of Azerbaijan (SOFAZ) partnered with I Squared Capital and the Canada Pension Plan Investment Board (CPPIB) to acquire a major stake in Peru’s Inkia Energy, the move drew quiet interest across emerging market investment circles.

Nation
Turkiye ready to implement various projects in Azerbaijan’s oil and gas fields

Turkiye ready to implement various projects in Azerbaijan’s oil and gas fields

Turkiye is ready to implement various projects in Azerbaijan’s oil and gas fields, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said, AzerNEWS reports.

Oil & Gas
Europe's natural gas storage stuck at 57%, lowest since 2011

Europe's natural gas storage stuck at 57%, lowest since 2011

Europe's natural gas storage facilities are currently 57% full, marking the lowest level recorded for this time of year since 2011. By comparison, storage sites across the continent were approximately...

Business
Fitch upgrades Azerbaijan banks’ operating environment rating to ‘BB’

Fitch upgrades Azerbaijan banks’ operating environment rating to ‘BB’

International rating agency Fitch Ratings has upgraded its assessment of the operating environment for Azerbaijani banks to “bb” from the previous “bb-”, while maintaining a “stable” outlook, AzerNEWS reports.

Armenian-Azerbaijani Relations
How Baku's post-war strategy changed Washington's role in South Caucasus [ANALYSIS]

How Baku's post-war strategy changed Washington's role in South Caucasus [ANALYSIS]

Therefore, transformation in US-Azerbaijan relations and the emergence of a new peace framework between Azerbaijan and Armenia are best understood not only as separate diplomatic developments, but as parts of the same geopolitical process. However, the turning point came with President Ilham Aliyev’s visit to the United States on 8-9 August 2025.

World
Italy rejects Spain’s deadline to lift border checks

Italy rejects Spain’s deadline to lift border checks

Italy does not accept Spain's "ultimatum" on border checks as it insisted that the suspension of Schengen arrangements won't be revised before Aug. 15, Prime Minister Giorgia Meloni's office said Friday amid a row over the Ceuta migration crisis, AzerNEWS reports, citing Anadolu Agency.

Analysis

Lifestyle
Eight bison calves born in Shahdag National Park this year

Eight bison calves born in Shahdag National Park this year

Eight bison calves have been born this year in Shahdag National Park, marking a significant achievement in Azerbaijan's efforts to restore the population of this endangered species, AzerNEWS reports citing WWF Azerbaijan.

Culture
Azerbaijan, Vietnam explore new opportunities for film cooperation [PHOTOS]

Azerbaijan, Vietnam explore new opportunities for film cooperation [PHOTOS]

Azerbaijan and Vietnam are exploring new opportunities for cooperation in the film industry, including joint film production, professional exchanges, and the development of creative projects.

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
Another group of families returns to Khojavand [PHOTOS]

Another group of families returns to Khojavand [PHOTOS]

In line with the instructions of President of Azerbaijan Ilham Aliyev, the Great Return process to the country’s liberated territories continues.

Sports
Azerbaijan U18 women’s basketball team defeats Estonia at European Championship

Azerbaijan U18 women’s basketball team defeats Estonia at European Championship

Azerbaijan’s U18 women’s national basketball team has secured its second victory at the European Championship Division B in Romania, AzerNEWS reports.

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