Pasha Real Estate Group and Marriott International have signed an agreement to launch three new hotel and residential properties across Azerbaijan and Georgia.
TotalEnergies and partners SOCAR and XRG have taken the final investment decision for the full development of Azerbaijan’s Absheron gas field. The project is expected to start up in 2029, increasing production to 6 billion cubic metres of gas annually and 47,000 barrels per day of condensate.
XRG, Adnoc's international energy investment company, has announced the ''Final Investment Decision' for the next phase of the Absheron offshore gas and condensate field development, where it holds a 30% equity interest.
International Resources Holding (IRH), an Abu Dhabi-based natural resources investment platform and subsidiary of 2PointZero Group, has signed a strategic agreement with Azerbaijan’s state-owned mining company AzerGold CJSC to jointly explore the mineral potential of the Nakhchivan region.
Masdar and Azerbaijan Green Energy Company signed an agreement to explore expanding the 230MW Garadagh Solar PV project by at least 350MW, adding up to 200MWh of battery storage, and developing a 100MW round-the-clock renewable project. Masdar and SOCAR Green also reached financial close on the 315MW Neftchala solar project.
XRG, ADNOC's international investment company, has completed its acquisition of an equity stake in Southern Gas Corridor (SGC) from Azerbaijan’s Ministry of Economy, following the satisfaction of all conditions and receipt of customary regulatory approvals.
The Azerbaijan Tourism Board (ATB), alongside four local tourism industry partners, showcased the country’s tourism offerings at PATA Travel Mart (PTM) 2026 in Kuching, Malaysia, strengthening Azerbaijan’s engagement with international travel markets.
Wood Nobel Energy has secured the front-end engineering design (FEED) contract for the Nakhchivan Combined Cycle Thermal Power Plant in Azerbaijan, supporting plans to expand electricity generation and export capacity in the Nakhchivan Autonomous Republic.
Wego has partnered with the Azerbaijan Tourism Board to promote Azerbaijan to travellers across the Middle East and North Africa (MENA).
Azerbaijan Tourism Board (ATB) participates for the first time at the Indonesia Travel Expo (ITE) 2026. The participation marked a key step in engaging Indonesian travelers and promoting Azerbaijan as an appealing “Umrah Plus” pilgrimage extension destination.
